MEDIA RELEASE No: 2005-15 Date: 30 November 2005 Embargo: For Immediate Release

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

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 ministers and senior officials of the Government of Zimbabwe.

At the direction of the Australian Government, the Reserve Bank has expanded the list of individuals restricted by these financial sanctions to include new members of, and persons associated with, the Government of Zimbabwe. Under this directive 127 individuals have been added to the Annex of names.

All transactions involving the transfer of funds or payments to, by the order of, or on behalf of such persons are prohibited.