This order gives importers a break on customs duty when bringing certain recording devices into Australia.
What gets the discount?
Electronic devices that record, store or reproduce sound and images — specifically those falling under customs classification 8520.90.00 (which covers magnetic tape recorders, digital sound recorders, and similar equipment, but not video disc players).
What is the discount?
The order declares these goods eligible for Item 50 in Part III of Schedule 4 of the Customs Tariff. This means instead of paying the standard import duty rate, importers pay the concessional rate attached to that item (which is often zero or significantly reduced).
Who benefits?
Businesses importing audio/video recording and storage equipment. The concession helps reduce costs for bringing this technology into the country.
How long does it last?
The concession took effect on 12 July 2005 and remains in force until formally revoked.