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Thursday, 24 June 1999
Page: 7372


Mr ENTSCH (10:01 AM) —I move:

That the bill be now read a second time.

This bill, along with the Tradex Scheme Bill 1999 and the Customs Tariff Amendment (Tradex) Bill 1999 , will implement the government's new Tradex scheme.

Recovery of Tradex Duty

This bill gives the Department of Industry, Science and Resources the ability to recover Tradex duty where participants fail to export goods in accordance with their undertakings under the provisions of the Tradex scheme. In particular, Tradex duty becomes payable when goods imported under the scheme are:

. consumed or used by the Tradex order holder in Australia;

. disposed of by the holder to another person in Australia for the purposes of being consumed;

. unable to meet the requirements of the drawback regulations under section 168 of the Customs Act 1901; or

. not exported within one year after importation.

The Tradex Scheme Bill 1999 sets out the circumstances in which Tradex duty becomes payable to the Commonwealth and the process for recovering the duty. This bill imposes the liability.

I commend the bill to the House, and present the explanatory memorandum to this bill.

Debate (on motion by Ms Macklin) adjourned.