@Busra and @Matt Wise thanks for your responses.
Currently we have a second translation section featuring a duplicate of the existing section minus the create functionality. However this would be easier to manage long-term if we had a way to restrict permissions for who could create dictionary items in the single existing section.
Restricting access to the section based on a user role wouldn’t work unfortunately since currently if you have access to the section, you can create an item by default. We just want to allow the admin group to create, and another to edit.
I’ll have to look more into notifications, as potentially that sounds as though it can achieve what we are looking for.