Category Archives: Customs Duty Advisory News

Breakfast Seminar Series: International Trade

On 22nd June 2017, Saving Point is holding an interactive seminar to discuss the tools and processes necessary for Australian businesses to flourish in the arena of international trade. The following businesses and professionals are encouraged to attend: ● Importers ● Exporters ● Manufacturers ● Accountants & business advisors Agenda 1. Australian Trusted Trader -…
Read more

GST to Apply to Low Value Goods

GST to Apply to Low Value Goods From the 2016-17 Federal Budget: "The GST will be extended to low value goods imported by consumers from 1 July 2017. The measure is estimated to have a gain to GST revenue of $300.0 million over the forward estimates period. This will increase GST payments to the States…
Read more

Closure of Enhanced Project By-law Scheme

Closure of Enhanced Project By-law Scheme From the 2016-17 Federal Budget: "The Enhanced Project By‑law Scheme (EPBS) will close from 7:30pm (AEST) on 3 May 2016, with transitional provisions for concessions already granted under the EPBS. This measure is estimated to have a gain to revenue of $220.0 million over the forward estimates period".
Read more

ChAFTA Comes Into Effect 20th December 2015

ChAFTA Comes Into Effect 20th December 2015 The China-Australia Free Trade Agreement (ChAFTA) will officially come into effect from 20th December 2015 onwards. This has followed an exchange of diplomatic notes between the two countries, which was the last step in the formalisation process. Initially, more than 86% of Australia’s goods exported to China will…
Read more