Russia Sanctions Regulations 2022

19 Duty holders

(1)

This regulation declares persons to be duty holders for the purposes of section 15 of the Act.

(2)

A person is a duty holder if they—

(a)

are in trade (including as a registered auctioneer (as defined in section 4(1) of the Auctioneers Act 2013)); and

(b)

buy or sell all or any of the following by way of a transaction, or a series of related transactions, the total value of which is equal to or above $10,000:

(i)

jewellery:

(ii)

watches:

(iii)

gold, silver, or other precious metals:

(iv)

diamonds, sapphires, or other precious stones:

(v)

paintings:

(vi)

prints:

(vii)

protected foreign objects (as defined in section 2(1) of the Protected Objects Act 1975):

(viii)

protected New Zealand objects (as defined in section 2(1) of the Protected Objects Act 1975):

(ix)

sculptures:

(x)

photographs:

(xi)

carvings in any medium:

(xii)

other artistic or cultural artefacts:

(xiii)

motor vehicles (as defined in section 6(1) of the Motor Vehicle Sales Act 2003):

(xiv)

ships (within the meaning of section 2(1) of the Maritime Transport Act 1994).

Regulation 19: inserted, on 20 April 2022, by regulation 13 of the Russia Sanctions Amendment Regulations (No 2) 2022 (SL 2022/114).