Philip Ruddock (Berowra, Liberal Party, Attorney-General) Share this | Link to this | Hansard source

I move:

Customs Tariff Proposal (No. 2) 2007.

The customs tariff proposal that I have just tabled contains alterations to the Customs Tariff Act 1995, effective from 1 June 2007.

The alterations contained in this proposal will remove the four per cent customs duty that currently applies to ‘low relaxation prestressed concrete steel wire, ribbed or indented’, imported under the Thailand-Australia Free Trade Agreement.

Under the agreement, this customs duty was due to be phased to a rate of free on 1 January 2010.

The early elimination of this duty will reduce input costs for Australian industry using this steel wire—for example, for use in railway sleepers.

I commend the proposal to the House.

Debate (on motion by Mr Edwards) adjourned.