Britain's secretary of state for culture -- currently Vaizey -- is advised by a committee of experts on which objects should be refused export licenses, based on the "Waverley criteria."
The criteria are whether an object is so closely connected with Britain's history that its departure would be a misfortune, whether it is of outstanding aesthetic importance or of outstanding significance for the study or art, learning or history.
Fans around the world celebrated the 200th anniversary of one of Austen's most well-known novels -- "Pride and Prejudice" -- in January this year, and on July 24 the Bank of England marked Austen's significance in English literary history by revealing that her image would appear on the £10 banknote.
Announcing the decision, Reserve Bank Governor Mark Carney Governor said: "Jane Austen certainly merits a place in the select group of historical figures to appear on our banknotes. Her novels have an enduring and universal appeal and she is recognized as one of the greatest writers in English literature."
The Department for Culture also announced export bans on three other items in its most recent statement.
They are a racing car known as a "Bentley Blower" -- worth £5,149,800 -- an archive of letters from British Army officer James Wolfe -- remembered for his victory over the French at the Battle of Quebec -- and a collection of paintings, drawings and other material by Thomas Baines documenting the British exploration of northern Australia.