Summary
Introduced with the Customs Amendment (Growing Australian Export Opportunities Across the Asia-Pacific) Bill 2019 to give effect to the Peru-Australia Free Trade Agreement, the Indonesia-Australia Comprehensive Economic Partnership Agreement and the Free Trade Agreement between Australia and Hong Kong, China, the bill amends the
Customs Tariff Act 1995
to: specify preferential rates of customs duty for certain Peruvian originating goods, Indonesian originating goods and Hong Kong originating goods respectively, namely, alcohol, tobacco, fuel and petroleum products; provide for ‘free’ rates of customs duty; and maintain customs duty rates in relation to certain concessional items.