Excise and Customs Legislation Amendment (Streamlining Administration) Act 2024 (51 of 2024)

Schedule 1   Streamlining administration

Part 1   Warehouse and excise licensing

Division 1   Main amendments

Customs Act 1901

27   Subsection 83(1)

Repeal the subsection, substitute:

(1) A warehouse licence comes into force on the date on which the licence is granted, unless the Comptroller-General specifies a different date in a written notice given to the applicant, in which case the licence comes into force on the specified date.

(1A) A warehouse licence that is not an excise-equivalent warehouse licence remains in force until the cancellation or expiry of the licence, whichever occurs first.

(1B) For the purposes of subsection (1A), a licence expires at the end of:

(a) unless paragraph (b) of this subsection applies - the next 30 June following the grant of the licence; or

(b) if the licence is renewed one or more times under section 84 - the last day of the 12 month-period beginning on the 1 July following the most recent renewal.

(1C) An excise-equivalent warehouse licence remains in force until the licence is cancelled.