Part 2deals with marine genetic resources collected in areas beyond national jurisdiction, and digital sequence information of such marine genetic resources. Broadly, a marine genetic resource is a thing of marine plant, animal, microbial or other origin that contains genetic material.

Part 2 deals with marine genetic resources collected in areas beyond national jurisdiction, and digital sequence information of such marine genetic resources. Broadly, a marine genetic resource is a thing of marine plant, animal, microbial or other origin that contains genetic material.

An Australian entity that collects marine genetic resources in an area beyond national jurisdiction, or carries out research and development on such marine genetic resources or digital sequence information of such marine genetic resources, must comply with notification and information sharing requirements.

If the entity carries out research and development on the marine genetic resources or the digital sequence information, the entity must also comply with requirements for depositing the resources or information into a publicly accessible repository or database. An owner of such a repository or database must comply with reporting and record keeping requirements.