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Thursday, 2 April 1987
Page: 1944

Mr BARRY JONES (Minister for Science and Minister Assisting the Minister for Industry, Technology and Commerce)(11.19) —I move:

That the Bill be now read a second time.

This Bill is complementary to the Customs Tariff Bill 1987 which I have just introduced and will come into effect on the same day as that Bill. The purpose of this Bill is to continue the application of current sections 5 to 9, inclusive, of the Customs Tariff Act 1982. In very general terms, these sections provide that when an installation becomes attached to the Australian seabed, the installation shall be deemed to be part of Australia and it, and any goods on it or taken to it, shall be deemed to have been imported. Likewise, on being detached from the Australian seabed for the purpose of being removed from Australian waters, the installation and any goods on it shall be deemed to have been exported.

These sections are not included in the Bill which will replace the Customs Tariff Act 1982 as they are not considered to be appropriate to the concept of the new legislation. Accordingly, it has been decided to create a separate Bill. There is, however, no change in the scope of the legislation.

Financial Impact

The Bill has no financial impact. I commend the Bill to the House and present the explanatory memorandum to the Bill.

Debate (on motion by Mr Carlton) adjourned.