107Obligations under this Part may be satisfied in accordance with a trusted trader agreement

107  Obligations under this Part may be satisfied in accordance with a trusted trader agreement  (1) An entity is released from an obligation that the entity would otherwise be required to satisfy under a provision of this Part (other than Division 1) if the obligation:  (a) is of a kind prescribed by rules for the purposes of Part XA; and  (b) is specified in those rules as an obligation from which an entity may be released; and  (c) is specified in a trusted trader agreement between the Comptroller‑General of Customs and the entity.  (a) an obligation must be satisfied under a provision of this Part (other than Division 1); and  (b) the obligation:  (i) is of a kind prescribed by rules for the purposes of Part XA; and  (ii) is specified in those rules as an obligation that may be satisfied in a way other than required by this Part; and  (iii) is specified in a trusted trader agreement between the Comptroller‑General of Customs and an entity; then, despite the relevant provision, the entity may satisfy the obligation in the way specified in the trusted trader agreement. Division 1—Prohibited exports