Australia is imposing more sanctions on Iran amid mounting global concerns about its nuclear and missile programs, Skynews reported.
Foreign Minister Kevin Rudd said the sanctions were in response to Iran's continuing non-compliance with United Nations Security Council (UNSC) resolutions on its nuclear program.
He said the new measures followed the attacks on the British Embassy in Tehran on November 29 as well as the recent International Atomic Energy Agency (IAEA) report reinforcing concerns about Iran's nuclear activities.
The extra sanctions, targeting additional entities and individuals over their involvement in Iran's ballistic missile and nuclear programs, underlined Australia's mounting concern, he said.
'The measures will also further restrict business with Iran's petroleum and financial sectors,' he said in a statement.
'"Iran must take steps required by the UNSC and the IAEA, and engage constructively with the international community on its nuclear program.'
The new measures follow sanctions imposed last year restricting Australian business dealings with Iran's oil and gas sector.
Those sanctions included a trade ban on all arms and related material and all dual-use items for the development of nuclear, missile, chemical and biological weapons.
Mr Rudd said Australia's latest move was consistent with measures recently taken by the United States, the European Union and a number of other countries.
'"Australia is committed to a negotiated solution of the Iran nuclear issue,' he said.