What it does: Declares that specific truck parts — non-driving axles for trucks with a gross vehicle weight of at least 7.5 tonnes (tariff line 8708.50.69) — are covered by Schedule 4 Item 50 of the Customs Tariff Act 1995, effective 7 Oct 2008 until revoked.
Who pays/decides and why it matters: Importers of those parts receive the tariff concession (reducing or removing customs duty); the instrument was issued by a delegate of the Chief Executive Officer under s.269P of the Customs Act 1901. This alters import costs, customs revenue outcomes, and requires accurate tariff classification and administrative oversight.