Bill
Customs Amendment (Korea-Australia Free Trade Agreement Implementation) Bill 2014
passed, as at 2014-10-21. Immigration and Border Protection portfolio.
- Sponsor
- Not recorded
- Portfolio
- Immigration and Border Protection
Recorded stages
- introduced — 2014-09-04
- second reading — 2014-09-04
- second reading — 2014-09-23
- other — 2014-09-23
- second reading — 2014-09-24
- second reading — 2014-09-25
- second reading — 2014-09-25
- other — 2014-09-25
- third reading — 2014-09-25
- introduced — 2014-09-30
- second reading — 2014-09-30
- second reading — 2014-10-01
- second reading — 2014-10-01
- third reading — 2014-10-01
- passed — 2014-10-01
- royal assent — 2014-10-21
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2014-09-04.
This bill changes customs rules so goods from Korea can receive lower duties under a trade deal.
It sets tests for when products count as originating in Korea and puts duties on exporters and producers who seek the preferential rate.
The new rules start on the later of 1 December 2014 or the day the agreement begins for Australia.
- The bill creates rules of origin for Korean goods imported into Australia.
- It requires exporters of Australian goods to Korea and producers of those goods to meet obligations for preferential duty claims.
- It amends the Customs Act 1901 to enable preferential rates of customs duty for qualifying goods.
Exporters and producers of Australian goods sent to Korea, and importers of Korean goods into Australia, are affected.
Sources
em
billhome
frl act