This order gives Australian businesses a tax break when importing specific industrial equipment used in mining and recycling.
What it covers:
- Goods: Wet drum magnetic separators — these are machines that use magnets to pull iron and other magnetic materials out of liquid slurries (wet mixtures), commonly used in mineral processing and waste recycling plants.
- Tariff classification: 8474.10.00 (machinery for sorting or separating minerals).
What it means:
Companies importing these machines can use Item 50 in Schedule 4 of the Customs Tariff Act 1995, which allows the goods to enter Australia duty-free (no import tax).
Who it affects:
Importers of wet drum magnetic separators, typically operating in mining, quarrying, or materials recycling industries.
Duration:
The concession took effect on 11 April 2006 and remains valid indefinitely unless the government formally cancels (revokes) it.