3. Exemption for making available funds for basic expenses
Feedback & supportA person is exempted from sections 4(b) and 6 of the Act (as applicable) in respect of any activity or transaction undertaken for the purpose of making available funds to meet any basic expense of a terrorist or a member of his family.
The exemption is subject to the condition that the exempt person must have obtained a notice of exemption from the Director in respect of that activity or transaction.
Subregulation 1
A person is exempted from sections 4(b) and 6 of the Act (as applicable) in respect of any activity or transaction undertaken for the purpose of making available funds to meet any basic expense of a terrorist or a member of his family.
Subregulation 2
The exemption is subject to the condition that the exempt person must have obtained a notice of exemption from the Director in respect of that activity or transaction.