Table of Contents
Deferral of Duty, GST and Import Processing Charges
Last month we reported the advocacy from Industry Associations asking the Government to consider the proposal for Duty, GST and IPC. While conversations with treasury and ATO continue in this regard, we would like to remind clients that a scheme already exists to defer the payment of GST, known as the Deferred GST Scheme. This is available to importers who lodge their Business Activity Statement electronically on a monthly basis, and have no outstanding debts with ATO.
The ATO is able to process these applications quickly and businesses should consider applying to join this scheme to ease their cashflow burden.
Further information is available here.
Australian Border Force Direct Debit Facilities
In a time where business cashflows are being tested, we would also like to remind importers of the Direct Debit facility for duties and taxes with the ABF. This facility would allow for funds to remain in the importer’s account until hours before collection from the wharf, rather than requiring cleared funds in the forwarder’s account for the same purpose.
Setting this facility up is a simple process, and coupling this with the deferred GST scheme would help to ease the cashflow burden and payables functions on importers.
Please contact your Key Account Manager for more information.
Malaysian Authorities now issuing Electronic AANZFTA Certificates of Origin
As of 13th April 2020, Malaysia’s Ministry of International Trade and Industry implemented electronic endorsement of the AANZFTA preferential Certificate of Origin. An electronic signature and official seal is added via their ePCO system, which is accepted by Australian Border Force to claim preferential duty rates.
Extension of the Origin Benefit Waiver for ATT Importers
Australian Border Force has announced that the Origin Waiver Benefit available to Australian Trusted Trader (ATT) Importers has been extended.
The original benefit allowed ATT importers to claim originating status for imported goods without the need for any certification documents such as a Certificate of Origin (CoO) or Declaration of Origin (DoO). Instead, importers are to perform the required due-diligence with their supplier to ensure the goods qualify for originating status, and keep this evidence for a period of five years for presentation upon request. The FTAs covered were:
- Australia-Chile Free Trade Agreement.
- Japan-Australia Economic Partnership Agreement.
- Korea-Australia Free Trade Agreement.
- Malaysia-Australia Free Trade Agreement.
- Singapore-Australia Free Trade Agreement.
- Thailand-Australia Free Trade Agreement.
This benefit has been extended to include goods claiming preferential duty rates from the following countries:
- Pacific Forum Countries.
- Lesser Developed Countries.
- Developing Countries.
For further information please contact your Account Manager or Harders Advisory.
New Temporary Bylaw – Goods to be used in response to the Covid-19 pandemic
Australian Border Force has announced details around a new temporary Bylaw to allow duty free entry of various items for use during the pandemic. These include items capable of limiting the transmission of organisms to humans, including face masks, gloves, clothes or gowns, goggles, glasses, eye visors or face shields. Other goods covered are disinfectants classified to heading 3808 (excluding hand sanitisers), soaps, Covid-19 test kits, reagents and viral transport media.
The bylaw is applicable for goods imported between 1 February 2020 and 31 July 2020, with refund provisions available to use for goods entered prior to the implementation of the Bylaw.
Please contact Harders Advisory for more information.
Brown Marmorated Stink Bug (BMSB)
With everything else going on in the world right now, BMSB has become a somewhat forgotten topic. The measures in place required targeted high risk goods shipped from targeted risk countries to be treated if they were shipped between 1 September 2019 and 30 April 2020. The 2019-20 season has therefore concluded.
Goods shipped prior to 30 April 2020 and arriving into Australian territory before 31 May 2020 will still be referred for BMSB intervention.
The respite however will be short, with only a few months before the 2020-21 season will commence. Information relating to this will follow when released by the Department of Agriculture, Water and the Environment.