Simpler tariff concessions to reduce compliance costs

Source: www.ministerhomeaffairs.gov.au

On 19 March 2010, the Rudd Government announced that it would rationalise the current tariff concession regime as partof the Government’s better regulation and micro-economic reform agenda.

To implement the tariff concession rationalisation a Better Regulation Ministerial Partnership has been established between the Minister for Finance and Deregulation, the Minister for Innovation, Industry, Science and Research, and the Minister for Home Affairs.

The partnership is reviewing Schedule 4 of the Customs Tariff Act 1995, which provides tariff concessions for a range of imported goods under different circumstances.  As outlined in the consultation scoping paper below the review is focussed on removing unnecessary complexity from the existing schedule by simplifying existing arrangements and removing obsolete items.  The review will not examine new concessions or expand the scope of existing concessions.

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