What this does: This order cancels a previous import tax break (called a "tariff concession") for helium recovery plants.
Who it affects: Businesses that import helium recovery equipment—machinery used to capture, purify, and liquefy helium gas (used in medical imaging, scientific research, and industrial cooling).
The details:
- Previously, these plants could be imported under Tariff Concession Order 0507313 with reduced or zero customs duty.
- From 27 July 2011, that concession is revoked.
- Importers must now pay standard tariffs (import taxes) on these goods, classified under customs code 8479.89.90.
- The equipment affected includes feed producers, helium purifiers, nitrogen liquefiers, helium liquefiers, and cryogenic storage tanks.
Why it matters: This increases the cost of importing helium recovery technology into Australia, potentially affecting industries dependent on helium supply chains.