Customs Amendment (Securities) Act 1981 (Cth)

Customs Amendment (Securities) Act 1981

No. 67 of 1981

An Act to amend the Customs Act 1901 in relation to securities

[Assented to 12 June 1981]

[Date of commencement 10 July 1981]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title, &c.

1. (1) This Act may be cited as the Customs Amendment (Securities) Act 1981.

(2) The Customs Act 19011 is in this Act referred to as the Principal Act.

Right to require security

2. Section 42 of the Principal Act is amended by adding at the end thereof the following sub-section:

“(3) The rights of the Customs under this section may be exercised by a Collector on behalf of the Customs.”.

Cancellation of bonds

3. (1) Section 45 of the Principal Act is amended by omitting sub-section (2) and substituting the following sub-sections:

“(2) A security in respect of any duty that may be payable on goods under section 8, 9, 10 or 11 of the Customs Tariff (Anti-Dumping) Act 1975 shall be cancelled before the expiration of the prescribed period after the date of the security.

 

“(3) In sub-section (2), ‘prescribed period’ means—

(a) in relation to a security in respect of any duty that may be payable on goods under section 8 or 9 of the Customs Tariff (Ami-Dumping) Act 1975—a period of 4 months or such longer period (not being a period exceeding 6 months) as is requested by the exporter of the goods concerned; or

(b) in any other case—a period of 4 months.”.

(2) The amendment made by sub-section (1) does not apply to a security taken before the commencement of this Act.

NOTE

1. No. 6, 1901, as amended. For previous amendments, see No. 21, 1906; Nos. 9 and 36, 1910; No. 19, 1914; No. 10, 1916; No. 41, 1920; No. 19, 1922; No. 12, 1923; No. 22, 1925; No. 6, 1930; Nos. 7 and 45, 1934; No. 7, 1935; No. 85, 1936; No. 54, 1947; No. 45, 1949; Nos. 56 and 80, 1950: No. 56, 1951; No. 108, 1952; No. 47, 1953; No. 66, 1954; No. 37, 1957; No. 54, 1959; Nos. 42 and 111, 1960; No. 48, 1963; Nos. 29, 82 and 133, 1965; No. 28, 1966; No. 54, 1967; Nos. 14 and 104, 1968; Nos. 12 and 134, 1971; No. 162, 1973; No. 216, 1973 (as amended by No. 20, 1974); Nos. 28 and 120, 1974; Nos. 56, 77 and 107, 1975; Nos. 41, 91 and 174, 1976; No. 154, 1977; Nos. 36 and 183, 1978; Nos. 92, 116, 177 and 180, 1979; and Nos. 13, 15 and 110, 1980.