Russia Sanctions Bill

  • enacted

Hon Nanaia Mahuta

Russia Sanctions Bill

Government Bill

111—1

Contents

Explanatory note
1Title
2Commencement
Part 1
Preliminary provisions
3Purpose
4Application of this Act
5Interpretation
6Meaning of sanction
7Act binds the Crown
Part 2
Sanctions
8Threshold for recommending sanction
Regulations and designation notices
9Regulations
10Scope and effect of regulations made under section 9
11Designation notice identifying persons, assets, or services described in regulations
12Regulations and designation notices to have fixed term unless extended
Applications for revocation, amendment, or exemption
13Applications for revocation, amendment, or exemption
Sanctions register
14Sanctions register
Duty to report suspicions
15Duty to report suspicions
Protection for persons with obligation or duty imposed by or under this Act
16Protection of identity of persons making reports
17Protection for persons with obligation or duty imposed by or under this Act
Part 3
Enforcement
18No contracting out
19No entitlement to compensation
Civil enforcement
20Civil enforcement
21Enforceable undertakings
22Enforcement of undertakings
23Injunctions
Criminal enforcement
24Offences
25Additional penalty for offence involving commercial gain
Extraterritorial application
26Extraterritorial jurisdiction for offences
Attorney-General’s consent
27Attorney-General’s consent required
Application of Customs and Excise Act 2018
28Application of Customs and Excise Act 2018
Part 4
Review of Act and miscellaneous provisions
Review of Act
29Review of Act
Information gathering and sharing powers
30Commissioner’s powers
31Power to use and disclose information supplied or obtained under other enactments for purposes of this Act
Other regulation-making powers
32Other regulation-making powers
Consequential amendments
33Anti-Money Laundering and Countering Financing of Terrorism Act 2009 amended
34Companies Act 1993 amended
35Tax Administration Act 1994 amended
23AGovernment agencies: Russia sanctions purposes

The Parliament of New Zealand enacts as follows: