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Wednesday, 11 August 2004
Page: 2129


Mr SLIPPER (Parliamentary Secretary to the Minister for Finance and Administration) (6:39 PM) —in reply—The Customs Tariff Amendment (Oil, Gas and Other Measures) Bill 2004 contains several amendments to the Customs Tariff Act 1995. First, the bill replaces item 22 in schedule 4 of the tariff. Item 22 provides duty-free entry for certain goods for use in oil and gas exploration, provided that substitutable goods are not available from Australian manufacturers. The new item 22 reflects changes in technology in the oil and gas industries and extends the coverage of the item. The new item 22 will reduce the cost of certain goods imported for use directly in connection with exploration for, and discovery of, oil and gas deposits, and the preproduction development of wells on those deposits, by allowing duty-free entry of those goods provided that substitutable goods are not available from Australian manufacturers.

Secondly, the bill amends additional note 3(a) to chapter 22 in schedule 3 of the tariff by inserting a 22 per cent upper limit on the alcohol content of grape wine, which is defined by the note. The amendment ensures that, under the tariff, wine of fresh grapes that does not comply with the revised additional note will attract excise equivalent rates of customs duty. Finally, the bill amends the country code abbreviations for Poland and Wake Island, to ensure consistency with international standards. On behalf of the government, I thank those honourable members who participated in the debate and I commend the Customs Tariff Amendment (Oil, Gas and Other Measures) Bill 2004 to the House.

Question agreed to.

Bill read a second time.