New laws to streamline military exports, cut red tape

For example, if a company makes a dual-use radio that is covered under the prescribed defence goods list, employees from countries that are not on the 25-nation strong foreign countries list would need a permit to access the tech.

With America and Britain exempt from export permits as Australia tries to streamline the transfer technology as part of the tripartite AUKUS agreement before it gets nuclear submarines, it will cut almost a third of the 3000 permits assessed annually.

It would also save defence companies $614 million over 10 years and provide a benefit to $5 billion worth of annual defence exports. 

"This legislation will provide defence industry, science and research sectors with greater opportunities for collaboration and trade with our AUKUS partners without the burdensome red tape," Mr Marles said. 

Mr Marles is travelling to California to attend the second AUKUS defence ministers' meeting on Friday.