BANKING (FOREIGN EXCHANGE) REGULATIONS 1959
VARIATION OF EXEMPTION
The Reserve Bank of Australia pursuant to sub‑regulation 38(2) of the Banking (Foreign Exchange) Regulations 1959 hereby varies the Exemption dated 29 June 1990 relating to sub‑regulation 6(1) of the Regulations so that the Exemption does not apply to the taking or sending out of Australia by a person of any Australian currency derived or generated from property, securities or funds owned or controlled directly or indirectly by, or otherwise relating to payments directly or indirectly to, or for the benefit of any person listed in the Annex to this variation of exemption.
The Annex to this variation of exemption may be amended from time to time.  Any such amendment shall be taken as being part of this variation of exemption as from the date specified in the amendment.
This instrument comes into operation on 19 September 2006.
Dated this nineteenth day of September 2006.
For and on behalf of the Reserve Bank of Australia,
 
 
Glenn Stevens
Governor
 
ANNEX
NORTH KOREA
This is the Annex referred to in the Variation of Exemption dated 19 September 2006 relating to sub‑regulation 6(1) of the Banking (Foreign Exchange) Regulations 1959.
Tanchon Commercial Bank (f.k.a. Korea Changgwang Credit Bank; a.k.a. Changgwang Credit Bank), Saemul 1-Dong Pyongchon District, Pyongyang, North Korea
Korea Mining Development Trading Corporation (a.k.a. External Technology General Corporation; a.k.a. Changgwang Sinyong Corporation; a.k.a. North Korean Mining development Trading Corporation; a.k.a. “KOMID”), Central District, Pyongyang, North Korea
Hesong Trading Corporation, Pyongyang, North Korea
Tosong Technology Trading Corporation, Pyongyang, North Korea
Korea Ryonbong General Corporation (a.k.a. Korea Yonbong General Corporation; f.k.a. Lyongaksan General Trading Corporation), Pothonggang District, Pyongyang, North Korea; Rakwon-dong, Pothonggang District, Pyongyang, North Korea
Korea International Chemical Joint Venture Company (a.k.a. Chosun International Chemicals Joint Operation Company; a.k.a. International Chemical Joint Venture Corporation; a.k.a. Choson International Chemicals Joint Operation Company),       Hamhung, South Hangyong Province, North Korea; Mangyongdae-kuyok, Pyongyang, North Korea; Mangyungdae-gu, Pyongyang., North Korea
Korea Ryonha Machinery Joint Venture Corporation (a.k.a. Korea Ryenha Machinery J/V Corporation; a.k.a. Chosun Yunha Machinery Joint Operation Company; a.k.a. Ryonha Machinery Joint Venture Corporation), Central District, Pyongyang, North Korea; Mangyungdae-gu, Pyongyang, North Korea; Mangyongdae District, Pyongyang, North Korea
Korea Complex Equipment Import Corporation, Rakwon-dong, Pothonggang District, Pyongyang, North Korea
Korea Kwangsong Trading Corporation, Rakwon-dong, Pothonggang District,        Pyongyang, North Korea
Korea Pugang Trading Corporation, Rakwon-dong, Pothonggang District, Pyongyang, North Korea
Korea Ryongwang Trading Corporation (a.k.a. Korea Ryengwang Trading Corporation), Rakwon-dong, Pothonggang District, Pyongyang, North Korea
Kohas AG, Route des Arsenaux 15, Fribourg, FR 1700, Switzerland; C.R. No. CH-217.0.135.79-4 (Switzerland)
Jacob Steiger: ADDRESS c/o Kohas AG, Fribourg, FR, Switzerland; DOB 27 April 1941; POB Altstatten, SG, Switzerland
 
19 September 2006