Part 3: General Section 60: Meaning of "funds", "economic resources" and "freeze"
Subsection (1) defines "funds" as financial assets and benefits of any kind. It sets out a list of examples; this list is not exhaustive, and any form of financial assets which do not appear on the list will still be subject to sanctions if they are a financial asset or benefit to the designated person. By targeting "funds" as defined here, sanctions can effectively cut off a designated person’s revenue stream or access to assets.
	Subsection (2) defines "economic resources", and provides the government with the ability to restrict access to any type of asset which would not be covered under "funds". Economic resources means assets of every kind – tangible or intangible, movable or immovable – which are not funds, but may be used to obtain funds, goods or services.
	Subsection (3) defines the meaning of "freezing" of funds. Freezing funds prevents the designated person from dealing with funds in any way, including for example moving funds (for example from one account to another), changing their worth or ownership, or any use whatsoever.
	Subsection (4) explains the application of "freezing" to economic resources which fall outside of the definition of funds, such as property or other assets. It prevents these goods from being "dealt with". Regulations made under the Act will define what is meant by ‘making available’ funds and economic resources.