Commonwealth legislation

Customs By-law No. 2100072

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Commonwealth

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legislative instrument

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This by-law treats high-value yachts (a "superyacht": 24 metres or longer, no cargo, used for sport or pleasure) that enter Australia for repair or alteration and will be re-exported as goods "prescribed under security" for the purpose of Item 21, Schedule 4 (paras 3–4). They must be re-exported within 12 months of the home consumption entry (para 5). The instrument was made by a delegate of the Comptroller‑General under s.271 (preamble).

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Customs By-law No. 2100072

CUSTOMS ACT 1901

CUSTOMS TARIFF ACT 1995

SCHEDULE 4

BY-LAW No. 2100072

I, Alison Neil, delegate of the Comptroller‑General of Customs, under section 271 of the Customs Act 1901, make the by-law set out in the Schedule to this instrument.

Dated this 6th day of May 2021.

[Signed]

Alison Neil

Delegate of the

Comptroller-General of Customs

SCHEDULE

Item 21

Schedule 4

This by-law may be cited as Customs By-law No. 2100072.
This by-law commences on 14 May 2021.
For the purpose of Item 21 of Schedule 4 to the Customs Tariff Act 1995, superyachts imported into Australia for repair or alteration, and that are to be re-exported, are prescribed, under security.
For the purpose paragraph 3, ‘superyacht’ means any high value luxury sailing or motorised ship which is 24 metres or longer in length, not carrying cargo and used for sport or pleasure.
The application of item 21 to the goods in paragraph 3 is subject to the condition that a superyacht must be re‑exported within 12 months of the date of entry for home consumption of the superyacht.
In this by-law, the “Customs Tariff Act 1995” means the Customs Tariff Act 1995, as amended or proposed to be altered.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Customs By-law No. 2100072