What this does: Gives importers a discount on customs duty (import tax) for specific factory equipment.
The goods: Coil cars — special rail vehicles that transport heavy steel coils — when used at the entry or exit points of continuous paint lines (automated systems that paint metal sheets in a non-stop process).
The benefit: Businesses importing these machines pay reduced or zero duty under Item 50 of Schedule 4 to the Customs Tariff Act 1995 (the tariff code for these goods is 8427.10.00).
Who cares: Manufacturers setting up or upgrading metal coating, painting, or steel processing facilities in Australia.
Timeline: Valid from 3 March 2006 and stays in effect until the government revokes it or sets a specific end date.