Customs Tariff Amendment (ACIS) Bill 2003


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Bills Digest No. 17   2003-04

Customs Tariff Amendment (ACIS) Bill 2003

WARNING:
This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments. This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.

CONTENTS

Passage History
Purpose
Background
Main Provisions
Contact Officer & Copyright Details


Passage History

Customs Tariff Amendment (ACIS) Bill 2003

Date Introduced: 25 June 2003

House: House of Representatives

Portfolio: Justice and Customs

Commencement: The Act commences on Royal Assent.

Purpose

The purpose of the Bill is to reduce the customs duty rate for passenger motor vehicles and certain components from 10% to 5% on 1 January 2010. The long lead-time is to provide transparency and planning in relation to proposed tariff reforms associated with the Automotive Competitiveness and Investment Scheme (ACIS).

Background

The background to this Bill is provided in the accompanying Bills Digest No. 16, 2003 04 on the ACIS Administration Amendment Bill 2003.

Main Provisions

The entirety of this Bill simply adjusts the multiple listings in the tariff schedule of the Customs Tariff Act 1995 by reference to the 8 digit tariff numbers to reduce the rate of duty for passenger motor vehicles and certain components from 10% to 5% from 1 January 2010. The additional duty of $12 000 applicable to used or second hand passenger motor vehicles remains unchanged. The amendments do not interfere with tariff preference and duty free entry for certain countries that receive preferential rates of duty.

Contact Officer and Copyright Details

Brendan Bailey
19 August 2003
Bills Digest Service
Information and Research Services

This paper has been prepared for general distribution to Senators and Members of the Australian Parliament. While great care is taken to ensure that the paper is accurate and balanced, the paper is written using information publicly available at the time of production. The views expressed are those of the author and should not be attributed to the Information and Research Services (IRS). Advice on legislation or legal policy issues contained in this paper is provided for use in parliamentary debate and for related parliamentary purposes. This paper is not professional legal opinion. Readers are reminded that the paper is not an official parliamentary or Australian government document.

IRS staff are available to discuss the paper's contents with Senators and Members and their staff but not with members of the public.

ISSN 1328-8091
© Commonwealth of Australia 2003

Except to the extent of the uses permitted under the Copyright Act 1968, no part of this publication may be reproduced or transmitted in any form or by any means, including information storage and retrieval systems, without the prior written consent of the Parliamentary Library, other than by Members of the Australian Parliament in the course of their official duties.

Published by the Department of the Parliamentary Library, 2003.

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