This Order, made under s269P of the Customs Act 1901, designates a specific gearbox (tariff classification 8483.40.90) as subject to Item 50 of Schedule 4 to the Customs Tariff Act 1995, effective 3 February 2010. Mechanically, it applies the Schedule 4 concession to the listed goods until the Order is revoked (ss 269SC/269SD).
It affects importers and businesses that buy or use these gearboxes by changing the customs treatment that applies (thereby altering import costs and the corresponding revenue impact for the Commonwealth). Customs must apply the concession to correctly classified imports.