This order gives importers a discount on import taxes (customs duty) for a specific industrial part: governors (regulators) used in hydraulic turbines.
What it covers:
- Mechanical governors or speed regulators designed for hydraulic turbines (equipment used in hydroelectric power plants and water management systems)
- Classified under tariff code 8410.90.00
Who it affects:
- Companies importing these components into Australia
- Typically businesses in renewable energy, hydroelectric power, water infrastructure, or heavy machinery maintenance
What it actually does:
The order places these goods under Item 50 of Schedule 4 to the Customs Tariff Act 1995. This classification means the goods qualify for a tariff concession — usually reduced or zero customs duty — provided they meet local content requirements (which are set out in separate regulations, not this document).
How long it lasts:
The concession took effect on 15 November 2005 and remains in force until revoked or replaced.