Customs and Other Legislation Amendment Act 2017 (19 of 2017)
Schedule 2 Australian Trusted Trader Programme
Customs Act 1901
3 Subsection 176A(3)
Repeal the subsection, substitute:
(3) If the Comptroller-General of Customs enters into a trusted trader agreement with an entity, the Comptroller-General of Customs may do either or both of the following:
(a) specify in the agreement one or more of the obligations covered by subparagraph 179(1)(d)(i);
(b) specify in the agreement:
(i) one or more of the obligations covered by subparagraph 179(1)(d)(ii); and
(ii) for each such obligation - the way in which the entity may satisfy the obligation.
Note 1: The effect of specifying an obligation under paragraph (3)(a) is that the entity will be released from the obligation under Part IV or VI: see sections 49C and 107.
Note 2: The effect of specifying an obligation under paragraph (3)(b) is that the entity will be able to satisfy the obligation under Part IV or VI in the way specified in the agreement: see sections 49C and 107.
Note 3: Parts IV and VI are about the importation and exportation of goods.
(4) The entity may receive benefits of a kind that are covered by paragraph 179(1)(e) and are specified in the agreement.
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