What this does:
This order gives a tariff concession (a customs duty reduction or exemption) for specific industrial equipment used to manufacture biodiesel fuel.
The goods covered:
- What: Industrial plant for producing biodiesel through the "transesterification" chemical process
- Specific components: The equipment must include both (a) separators and (b) frequency converters to qualify
- Customs classification: Falls under tariff code 8419.89.90 (industrial machinery)
Who it affects:
Businesses importing biodiesel production equipment into Australia. If the imported goods match this exact technical description, they qualify for concessional duty rates under Item 50 of Schedule 4 to the Customs Tariff Act 1995.
Why it matters:
It lowers the cost of importing this specific renewable energy technology, reducing setup costs for biodiesel manufacturers.