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Bill

Customs Amendment (Comprehensive and Progressive Agreement for Trans-Pacific Partnership Implementation) Bill 2018

passed, as at 2018-10-19. Law Enforcement and Cyber Security portfolio.

Sponsor
Not recorded
Portfolio
Law Enforcement and Cyber Security

Recorded stages

Divisions

Plain-language summary

Written by a model from the explanatory memorandum; not the record, as at 2018-08-23.

The bill would create new rules for determining which imported goods qualify for lower customs duties under the TPP-11 trade agreement.

It would amend the Customs Act 1901 to let eligible goods receive preferential duty rates, and would place obligations on exporters and manufacturers who claim those rates.

The 2018-19 Budget estimated no extra cost for implementing the TPP-11, while the 2016-17 Budget had forecast a $195 million reduction in customs duty collections over the forward estimates.

Importers, exporters, and manufacturers of goods traded with TPP-11 parties, as well as the Australian Customs and Border Protection Service.

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