This Order applies Schedule 4 item 50 of the Customs Tariff Act 1995 to imported drilling jars for oil and gas wells (tariff classification 8431.43.00), creating a tariff concession for those goods. It was made under s.269P of the Customs Act 1901, effective 21 Oct 2008, and runs until revoked under ss.269SC/269SD.
Who pays: importers of these drilling jars (they pay reduced or no customs duty). The cost is borne by government revenue; importers must classify the goods correctly and claim the concession; Customs decides eligibility.