What this does: This order gives importers a tax break on specific types of locks coming into Australia.
The details: It declares that cam locks (a type of lock with a rotating metal piece) that come with exactly 2 keys and a mounting nut can enter Australia under a special customs rate listed as "Schedule 4, Item 50" of the Customs Tariff Act 1995. This usually means reduced or zero import duty (tax).
Who it affects: Businesses importing cam locks matching this exact description (tariff code 8301.40.00).
Why it matters: It lowers the cost of importing these specific locks, provided no Australian manufacturer objects or produces similar substitute goods. The concession took effect on 22 November 2005 and remains valid until cancelled.