I move:

That this bill be now read a second time.

I seek leave to have the second reading speech incorporated in Hansard.

Leave granted.

The speech read as follows—

Australia's autonomous sanctions framework is an essential tool of foreign policy to respond quickly and flexibly to situations of international concern alongside our international partners. In an increasingly uncertain global environment, sanctions allow Australia to demonstrate our commitment to and support for the international norms and values to which Australia subscribes.

Australia imposes a range of sectoral sanctions which prohibit the supplying of certain goods to, and obtaining certain goods from, certain countries and parts of countries. The provision of services in relation to those goods is also prohibited. These measures help eliminate Australian raw materials, equipment, technology, and other goods from being used by malign international actors to further their nefarious ends, and help deprive repressive regimes of revenue.

This Bill puts beyond doubt questions of validity and enforceability of certain sanctioned goods instruments that, while validly made under Australia's autonomous sanctions framework, were published as Gazette notices rather than being registered as legislative instruments. This Bill maintains the effectiveness of sanctions as a response to situations of international concern and behaviours contrary to Australian values and national interest.

Debate adjourned.