Jason Wood (La Trobe, Liberal Party, Assistant Minister for Customs, Community Safety and Multicultural Affairs) Share this | Link to this | Hansard source

I move:

Customs Tariff Proposal (No. 2) 2021.

This proposal creates a new tariff concession for goods that are for use in the program known as the F-35 Lightning II Joint Strike Fighter program. Australia, along with eight other countries, entered into an agreement whereby all parties agreed to cooperate in the production, sustainment and follow-on development of the Joint Strike Fighter. This international agreement establishes the framework that enables the nations to cooperate effectively to accomplish the objectives of the program, including global industrial participation. Under the terms of this agreement, the Australian government and all other participating countries have committed to achieving tax neutrality. Under current tariff arrangements, not all goods for use in the program are eligible for a free rate of customs duty. To ensure Australia is able to meet the terms of the agreement, new concessional item 58, inserted by this proposal, will apply to all goods for use in a part of this program. This new tariff concession will support and streamline the importation processes for these goods. New concessional item 58 commenced on 1 March 2021.

Debate adjourned.