This order cancels a previous import tax discount (called a tariff concession) for specific fibreglass jet boats, meaning importers must now pay full customs duties.
What changes:
- Revokes (cancels) Tariff Concession Order 0314295, which previously allowed certain watercraft to be imported with reduced taxes
- Takes effect: 10 May 2008
Which boats are affected:
Fibreglass watercraft with jet pump propulsion that meet ALL these criteria:
- Side-by-side seating
- Length between 2.60 metres and 6.70 metres
- Width between 2.16 metres and 2.44 metres
Why it matters:
Importers of these specific boats will pay higher import taxes, likely increasing retail prices for Australian consumers. The order is made under Section 269SD(1AB) of the Customs Act 1901 (the law governing import taxes) by a delegate (official representative) of the Customs CEO.