Summary
Introduced with the Textile, Clothing and Footwear Strategic Investment Program Amendment (Post-2005 Scheme) Bill 2004 to extend the Textile, Clothing and Footwear Strategic Investment Program for another 10 years, the bill amends the
Customs Tariff Act 1995
to: reduce customs duty rates applicable to clothing and certain finished textiles to 10 per cent from 1 January 2010 and to 5 per cent from 1 January 2015; reduce customs duty rates applicable to other textile, clothing and footwear goods to 5 per cent from 1 January 2010; and provide for customs duty credits to be applied against imports of certain clothing and textile goods until 30 June 2017.