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Wednesday, 23 June 2004
Page: 31219


Mr VAILE (Minister for Trade) (10:29 AM) —I move:

That this bill be now read a second time.

The US Free Trade Agreement Implementation (Customs Tariff) Bill 2004 contains amendments to the Customs Tariff Act 1995 to implement part of the Australia-United States free trade agreement by:

providing duty-free access for certain goods and preferential rates of customs duty for other goods that are US originating goods in accordance with new division 1C of part VIII of the Customs Act 1901 (the Customs Act). New division 1C is proposed to be inserted in the Customs Act by the US Free Trade Agreement Implementation Bill 2004;

phasing the preferential rates of customs duty for certain goods to free by 2015;

creating a new schedule 5 to the tariff to accommodate those phasing rates of customs duty; and

inserting a regulation making power in the tariff to prescribe certain footwear that will be subject to the phasing rates of customs duty.

This bill is cognate with the US Free Trade Agreement Implementation Bill 2004.

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

Debate (on motion by Ms Macklin) adjourned.