This is a Tariff Concession Order (TCO)—a permission slip that lets businesses import specific goods into Australia without paying customs duty (or at a reduced rate).
What it covers: This order applies to acrylates resin (a type of synthetic plastic or chemical used in products like paints, coatings, and adhesives), classified under customs code 3906.10.00.
Who it affects: Australian businesses importing this specific resin. They can use Schedule 4, Item 50 of the Customs Tariff to bring the goods in duty-free instead of paying standard import taxes.
Why it matters: The government issues these orders when satisfied that no Australian manufacturer produces a suitable local substitute. It helps keep raw material costs down for local industries that rely on imported chemicals.
How long it lasts: The concession took effect on 22 December 2005 and continues indefinitely until revoked by the government (no specific end date is set in this order).