Part 1: Revenue Measures (Continued)
Australia New Zealand Closer Economic Relations Trade Agreement — Amendments to product specific rules of origin
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The governments of Australia and New Zealand will amend the Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) rules of origin to provide greater consistency for exporters. Australia and New Zealand are committed to completing their domestic processes in time to give effect to the agreement from 1 January 2012.
The measure will change the rules of origin approach taken on a small number of tariff lines from a Regional Value Content approach based on the factory cost of a good, to a Change‑in‑Tariff Classification approach. Under a Change‑in‑Tariff Classification approach, goods are required to undergo sufficient processing to bring about a change in tariff classification. These amendments will result in rules of origin that provide consistency for exporters, and ensure that ANZCERTA reflects best practice. This measure has an ongoing negligible revenue impact.
National Security — Australian Security Intelligence Organisation maritime and airport security assessments — improved cost recovery
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The Government will achieve additional revenue of $5.2 million over four years from a more accurate recoupment of costs incurred by the Australian Security Intelligence Organisation for security assessments carried out on applicants for Maritime and Airport Security Identification Cards. These cards allow unescorted access to secure maritime and airport areas.
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