(1) The Governor - General may make regulations proscribing persons or entities under this section.
(2) A person or entity must not be proscribed under subsection ( 1) unless the proscription would give effect to a decision:
(a) that the Security Council has made under Chapter VII of the Charter of the United Nations; and
(b) that Article 25 of the Charter requires Australia to carry out; and
(c) that relates to terrorism and dealings with assets; and
(d) under which the person or entity is identified (whether in the decision or using a mechanism established under the decision) as a person or entity to which the decision relates.
(3) The regulations may proscribe persons or entities under this section by incorporating a list of persons or entities identified, either in the decision itself or using a mechanism established under the decision, as persons or entities to which the decision relates. The list may be incorporated by the regulations as it exists from time to time.