What this does: This Order applies an existing tariff concession (item 50, Part III, Schedule 4 of the Customs Tariff Act 1995) to diamond‑impregnated grinding and polishing shoes and discs (tariff 6804.21.00), effective 11 August 2008 until revoked under ss.269SC/269SD. The declaration is made by a delegate of the CEO under s.269P of the Customs Act 1901.
Mechanically, importers of the listed goods become eligible for the Schedule 4 concession (who pays: importers; who decides: the CEO’s delegate). The Commonwealth forgoes the corresponding tariff revenue; revocation, compliance and administrative discretion follow the cited Act provisions.