Russia Sanctions Bill

  • enacted

Hon Nanaia Mahuta

Russia Sanctions Bill

Government Bill



Explanatory note
4Application of this Act
6Meaning of sanction
7Act binds the Crown
8Threshold for recommending sanction
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
13Applications for revocation, amendment, or exemption
14Sanctions register
15Duty to report suspicions
16Protection of identity of persons making reports
17Protection for persons with obligation or duty imposed by or under this Act
18No contracting out
19No entitlement to compensation
20Civil enforcement
21Enforceable undertakings
22Enforcement of undertakings
25Additional penalty for offence involving commercial gain
26Extraterritorial jurisdiction for offences
27Attorney-General’s consent required
28Application of Customs and Excise Act 2018
29Review of Act
30Commissioner’s powers
31Power to use and disclose information supplied or obtained under other enactments for purposes of this Act
32Other regulation-making powers
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: