What this is: A Tariff Concession Order that reduces customs duties on specific imported metal fasteners.
What it does: Allows threaded nut inserts made of steel or stainless steel (classified under tariff code 7318.19.00) to enter Australia under a concessional duty rate. This means importers pay less (or no) customs duty on these goods compared to the standard tariff rate.
Who it affects: Businesses importing threaded steel nut inserts—typically used in manufacturing, construction, or engineering to create strong anchor points in materials.
Why it matters: The concession lowers import costs for these hardware items, provided no Australian manufacturer currently makes equivalent (substitutable) goods. The order took effect on 1 April 2009 and remains active until revoked.