Federal Register of Legislation - Australian Government

Primary content

Directions/Other as made
This instrument amends the Annex to the Direction dated 4 March 2011; and the Annex to the Variation of Exemption dated 4 March 2011 relating to sub-regulation 6(1) of the Banking (Foreign Exchange) Regulations 1959; and the Annex to the Variation of Exemption date 4 March 2011 relating to sub-regulation 8(1)(a) of the Banking (Foreign Exchange) Regulations 1959, as published in the Commonwealth of Australia Gazette No. S34, S35 and S36, 9 March 2011, by substituting a new Annex.
Administered by: Treasury
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 43
Registered 21 Jun 2011
Tabling HistoryDate
Tabled HR23-Jun-2011
Tabled Senate23-Jun-2011
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

BANKING (FOREIGN EXCHANGE) REGULATIONS 1959
SANCTIONS AGAINST LIBYA – AMENDMENT TO THE ANNEX

 

EXPLANATORY STATEMENT

 

The Reserve Bank of Australia, following a directive from the Australian Government under the Banking (Foreign Exchange) Regulations 1959, currently administers financial sanctions against certain key persons associated with the Qadhafi regime in Libya who are not already listed by the United Nations Security Council. 

The Australian Government has reviewed the list of persons and entities subject to financial sanctions and has directed the Reserve Bank to add 18 new persons and 20 new entities to the Annex of names. Details of the changes to the Annex can be found in Attachment A.

The updated Annex now contains 34 persons and 20 entities and is referred to in each of the following instruments:

(i)                 Direction relating to foreign currency transactions and to Libya (dated 4 March 2011) pursuant to regulation 5 of the Banking (Foreign Exchange) Regulations 1959, (FRLI reference number F2011L00393). This instrument was originally published in the Commonwealth of Australia Gazette No. S34, 9 March 2011.

(ii)               Variation of Exemption (dated 4 March 2011) relating to sub-regulation 6(1) of the Banking (Foreign Exchange) Regulations 1959, (FRLI reference number F2011L00392). This instrument was originally published in the Commonwealth of Australia Gazette No. S35, 9 March 2011.

(iii)             Variation of Exemption (dated 4 March 2011) relating to sub-regulation 8(1)(a) of the Banking (Foreign Exchange) Regulations 1959, (FRLI reference number F2011L00394). This instrument was originally published in the Commonwealth of Australia Gazette No S36, 9 March.

The original instruments foresaw that the Annexes may be periodically reviewed and stated that any amendments to the Annex shall be taken as being part of the original instruments as from the date specified in the amendments. This is the first update to the Annex.

This instrument does not substantially alter the existing autonomous financial sanctions arrangements. As such, in accordance with Section 18 of the Legislative Instruments Act 2003, the Reserve Bank is satisfied that further consultation, beyond that already undertaken by the Treasury and Department of Foreign Affairs and Trade, is unnecessary.


ATTACHMENT A

This attachment provides details of the changes to the Libya Annex. 18 persons and 20 entities have been added.

 

NAMES THAT HAVE BEEN ADDED:

 

 

Reference No.

 

Name

Details

2011LBY0017

Al Kuni, Colonel Amid Husain

 

Governor of Ghat (South Libya)

2011LBY0018

Al Qadhafi, Quren Salih Quren

 

Libyan Ambassador to Chad

2011LBY0019

Al-Barrasi, Safia Farkash

Wife of Muammar Qadhafi

 

2011LBY0020

Al-Charif, Ibrahim Zarroug

 

Minister for Social Affairs in Colonel Gaddafi’s Government

 

2011LBY0021

Al-Gaoud, Abdelmajid

 

Minister for Agriculture, Animal and Maritime Resources in Colonel Gaddafi’s Government

 

2011LBY0022

Al-Mahmoudi, Baghdadi

 

Prime Minister of Colonel Gaddafi’s Government

 

2011LBY0023

El-Kassim Zouai, Mohamed Abou

 

Secretary General of the General People’s Congress

 

2011LBY0024

Fakhiri, Abdelkebir Mohamad

 

Minister for Education, Higher Education and Research in Colonel Gaddafi’s Government

2011LBY0025

Farkash, Mohammed Boucharaya

Director of intelligence in External Security Office

 

2011LBY0026

Ghanem, Shukri Muhammad

 

Oil Minister and Chairman of the National Oil Company

2011LBY0027

Hijazi, Mohamad Mahmoud

 

Minister for Health and Environment in Colonel Gaddafi’s Government

 

2011LBY0028

Houej, Mohamad Ali

 

Minister for Industry, Economy and Trade in Colonel Gaddafi’s Government

 

2011LBY0029

Mansour, Abdallah

 

Senior role in security services and former Director of Radio and Television

 

2011LBY0030

Saleh, Bachir

Head of Cabinet of the Leader

 

2011LBY0031

Tohami, General Khaled

Director of Internal Security Office

 

2011LBY0032

Zarti, Mustafa

Vice chief executive of Libyan Investment Authority, board member of National Oil Corporation, head of Tamoil and vice chairman of First Energy Bank in Bahrain

 

2011LBY0033

Zidane, Mohamad Ali

 

Minister for Transport in Colonel Gaddafi’s Government

 

2011LBY0034

Zlitni, Abdelhaziz

 

Minister for Planning and Finance in Colonel Gaddafi’s Government

 

Total: 18

 

 

 

ENTITIES THAT HAVE BEEN ADDED:

 

Reference No.

 

Name   

Details

2011LBY0035

Al-Inma Holding Company for Construction and Real Estate Developments

 

 

2011LBY0036

Al-Inma Holding Company For Industrial Investments

 

 

2011LBY0037

Al-Inma Holding Company for Services

Investments

 

 

2011LBY0038

Al-Inma Holding Company for Tourism Investment

 

 

 

Hasan al-Mashay Street (off al-Zawiyah Street)

Tel No.: (218) 213345187

Fax: +218.21.334.5188

e-mail: info@ethic.ly

2011LBY0039

Economic and Social Development Fund

 

Qaser Bin Ghasher Road, Salaheddine Cross / P.O. Box 93599, Tripoli, Libya

 

2011LBY0040

First Gulf Libyan Bank

 

 

 

 

 

The 7th of November Street, P.O. Box 81200, Tripoli, Libya;

SWIFT/BIC FGLBLYLT (Libya);

Tel No. (218) 213622262;

Fax No. (218) 213622205

2011LBY0041

Gaddafi International Charity and Development Foundation

 

P.O. Box 1101; Hay Alandalus, Jian St, Tripoli, Libya

 

2011LBY0042

Gumhouria Bank

 

Gumhouria Bank Building, Omar Al Mukhtar Avenue, Giddal Omar Al Mukhtar / P.O. Box 685, Tripoli, Libya

 

2011LBY0043

Harouge Oil Operations (a.k.a. Harouge; a.k.a. Veba Oil Libya GMBH)

 

Al Magharba Street, P.O. Box 690, Tripoli, Libya

2011LBY0044

Libyan Arab Airlines

 

 

 

P.O. Box 2555 Haiti street Tripoli, Libya

HQ Phone: +218 (21) 602 093

HQ Fax: +218 (22) 30970

2011LBY0045

Libyan Arab African Investment Company (LAAICO)

 

76351 Janzour, Libya; 81370 Tripoli, Libya

 

2011LBY0046

Libyan Holding Company for Development and Investment

 

 

2011LBY0047

Libyan Housing and Infrastructure Board   

 

Tajora, Tripoli, Libya

Legislation number 60/2006 by Libyan General People’s Committee

 

2011LBY0048

Libyan Jamahirya Broadcasting Corporation

 

Libya

 

2011LBY0049

Mabruk Oil Operations

 

Dat El-Emad 2, Ground Floor, PO Box 91171, Tripoli

2011LBY0050

National Commercial Bank

 

Orouba Street, AlBayda, Libya

 

2011LBY0051

Revolutionary Guard Corps

 

 

2011LBY0052

Sahara Bank

 

Sahara Bank Building, First of September Street, P.O. Box 270, Tripoli, Libya

 

2011LBY0053

Waatassimou Foundation

 

Tripoli

 

2011LBY0054

Zuietina Oil Company (a.k.a. ZOC; a.k.a. Zueitina)

 

Zueitina Oil Building, Sidi Issa Street, Al Dahra Area,

P.O. Box 2134, Tripoli, Libya

Total: 20