Summary
Introduced with the Customs Tariff Amendment (ACIS) Bill 2003, the bill amends the ACIS Administration Act 1999 to extend the Automotive Competitiveness and Investment Scheme (ACIS) from its initial finishing date in 2005 to the end of 2015. Also provides for: distribution of ACIS funding into two funding pools (motor vehicle producers; and component producers and other scheme participants); establishment of a $150 million research and development fund for motor vehicle producers; and disclosure of information relating to scheme participants. Also contains transitional and application provisions.