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(Last updated: 2 Jul 2011)
Current business situation
United Nations Security Council and Australian sanctions - Iran
Australia has implemented fully into Australian law decisions of the United Nations Security Council (UNSC) to impose targeted trade and financial sanctions in relation to Iran that are binding on all States. These decisions may be found in UNSC resolutions 1737 of 23 December 2006, 1747 of 24 March 2007 and 1803 of 3 March 2008.
You should be aware that prohibitions under UNSC sanctions may apply extraterritorially to Australian citizens and Australian-incorporated companies overseas.
On 15 October 2008 the Government announced additional Australian sanctions in relation to Iran in support of UNSC resolutions. As a result of these new measures, the Government will not provide new financial support for trade with Iran under Australia’s trade promotion and trade finance programs, namely the Export Finance Insurance Corporation (EFIC) and Export Market Development Grants.
If you are considering commercial or other dealings with Iran we recommend that you familiarise yourself with the operation of the sanctions regime. We also recommend you obtain independent legal advice before making commercial decisions involving trade with Iran.
For more information about UNSC sanctions implemented by Australia in relation to Iran, please go to the Department of Foreign Affairs and Trade (DFAT) website: www.dfat.gov.au/un/unsc_sanctions/iran.html.
Information on additional sanctions implemented by Australia in relation to Iran can also be found on the DFAT website: www.dfat.gov.au/un/unsc_sanctions/iran_autonomous_sanctions.html.
Detailed information on the export of defence and dual-use goods can be viewed at the Department of Defence’s Defence Export Control Office website: http://www.defence.gov.au/strategy/deco/.
For more information about UNSC and autonomous sanctions currently in effect, please see: www.dfat.gov.au/un/unsc_sanctions/index.html.
DFAT provides advice for business travellers and tourists going to Iran. This is regularly updated, and should be checked before planning travel.
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