This order cuts the import duty on specific types of acrylic yarn coming into Australia.
What it does:
- Allows acrylic yarns that are not finer than 50 tex (a measure of thickness—roughly, thicker craft or textile yarns) to enter Australia at a concessional duty rate, usually duty-free, under Item 50 of Schedule 4 to the Customs Tariff Act 1995.
- Applies only to goods classified under tariff code 5509.31.00.
Who it affects:
- Importers bringing acrylic yarns into Australia.
- Local textile manufacturers, knitters, and craft suppliers who buy imported yarn (they benefit from lower material costs).
Why it matters:
Without this concession, businesses would pay higher customs duties on these yarns. The order keeps import costs down for industries that rely on acrylic yarn, helping them compete with overseas producers.