What this does: This order gives importers a tax break on specific industrial cooling equipment. If you import spray cooling tanks with seal flange diameters between 315mm and 1200mm (about the size of a large dinner plate to a small car tire), you can bring them into Australia under a special tariff concession.
Who it affects: Businesses importing spray cooling tanks classified under customs tariff code 8424.89.90. These are typically used in industrial processes to cool materials or equipment through spraying.
Why it matters: It reduces the cost of importing this specific equipment by applying Item 50 of Schedule 4 to the Customs Tariff Act 1995, which typically means duty-free entry or a significantly reduced import duty rate. The concession took effect on 28 November 2006 and continues until revoked.