In a recent Update we brought you news on the proposed revision to the current Customs Regulations 1926 which are due to expire on 1 April 2015.
The earlier Update was in response to ACBPN 2015/05 which referred to the development of the new Regulations which would comprise a set of new "general" Regulations and a separate set of Regulations relating to Australia's international obligations.
The proposed new "general" Regulations were announced and circulated pursuant to ACBPN 2015/05.
By way of ACBPN 2015/07 issued on 12 February 2015, Customs has now announced the release of the proposed new "International" Regulations and an associated Explanatory Statement as well as seeking comments by Monday, 2 March 2015.
A copy of ACBPN 2015/07 can be found here.
We are working our way through the new Regulations and Explanatory Statements with a view to making submissions to Customs by the dates set for comment. We will also be providing commentary through Updates and various CBFCA forums.
As always I would be delighted to assist with this issue.