Bills Digest No. 109 2003-04
Customs Tariff Amendment
(Greater Sunrise) Bill 2004
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
Contact Officer & Copyright Details
Customs Tariff Amendment
(Greater Sunrise) Bill
10 March 2004
House: House of Representatives
Portfolio: Industry, Tourism and
Sections 1 to 3 commence
on the day on which the Act receives the Royal Assent. Schedule 1
commences at the same time as Schedule 2 to the
Greater Sunrise Unitisation Agreement
Implementation Act 2004 commences.
The purpose of
the Bill is to amend the Customs Tariff Act 1995 to
provide duty free entry for goods that are used in petroleum
exploration and exploitation in the Eastern Greater Sunrise area
located in the Timor Sea. (The Greater Sunrise areas comprise the
Eastern Greater Sunrise area and the Western Greater Sunrise area.
The Greater Sunrise area overlaps boundaries of joint resource
development with Timor-Leste).
The Background to this Bill can be found in
the accompanying Bills Digest for the Greater Sunrise Unitisation
Agreement Implementation Bill 2004.
Item 1 provides a broad
definition of a 'petroleum activity' associated with the
exploration and development of oil and gas reserves.
Item 2 specifies that goods
imported for use in a petroleum activity in the Eastern Greater
Sunrise area are free of customs duty.
22 March 2004
Bills Digest Service
Information and Research Services
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© Commonwealth of Australia 2004
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