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Customs Amendment (Growing Australian Export Opportunities Across the Asia-Pacific) Bill 2019

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8814

2019

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Customs Amendment (Growing Australian Export Opportunities Across the Asia-Pacific) Bill 2019

 

 

(1)     Clause 2, page 2 (table item 1), omit “Sections 1 to 3”, substitute “Sections 1 to 4”.

[commencement]

(2)     Page 3 (after line 11), after clause 3, add:

4   Impact of bilateral and regional trade agreements on Australia’s trade and economic performance—Productivity Commission inquiry

             (1)  By the day after this section commences, the Productivity Minister must, under Part 3 of the Productivity Commission Act 1998 , refer to the Productivity Commission for inquiry the following matters:

                     (a)  the contribution of Australia’s bilateral and regional trade agreements to reducing trade and investment barriers and safeguarding against the introduction of new barriers;

                     (b)  the impact of trade agreements on trade flows, investment returns and productivity growth, employment and labour markets, and the development of manufacturing and value-added export industries;

                     (c)  any related matters.

             (2)  In referring the matter to the Productivity Commission for inquiry, the Productivity Minister must:

                     (a)  under paragraph 11(1)(a) of the Productivity Commission Act 1998 , require the Productivity Commission to hold hearings for the purposes of the inquiry; and

                     (b)  under paragraph 11(1)(b) of that Act, specify the period ending 12 months after this section commences as the period within which the Productivity Commission must submit its report on the inquiry; and

                     (c)  under paragraph 11(1)(d) of that Act, require the Productivity Commission to make recommendations in relation to the matters referred to in subsection (1).

Note:          Under section 12 of the Productivity Commission Act 1998 , the Productivity Minister must cause a copy of the Productivity Commission’s report to be tabled in each House of the Parliament.

             (3)  The Productivity Minister must not withdraw the reference before the Productivity Minister has received the report.

             (4)  For the purposes of paragraph 6(1)(a) of the Productivity Commission Act 1998 , the matters mentioned in subsection (1) are taken to be matters relating to industry, industry development and productivity.

             (5)  In this section, Productivity Minister means the Minister administering the Productivity Commission Act 1998 .

[review of bilateral and regional trade agreements]