Customs By-law No. 0440001 (Cth)

CUSTOMS ACT 1901

CUSTOMS TARIFF ACT 1995

PART II OF SCHEDULE 4

BY-LAW No. 0440001

I, Philomena Carnell, delegate of the Chief Executive Officer for the purposes of section 271 of the Customs Act 1901, hereby make the by-law set out in the Schedule below.

THE SCHEDULE

BY-LAW No. 0440001

Item 22

Part II of Schedule 4

1.   This by-law may be cited as Customs By-law No. 0440001.

2.   This by-law shall take effect on and from 1 October 2006.

3. Item 22 in Part II of Schedule 4 to the Customs Tariff Act 1995 applies to goods that are subject to a letter issued by an Industry Capability Network organisation (issued no earlier than twelve months prior to the entry for home consumption of the goods) confirming, that in relation to the specified goods, there are no identified Australian producers of substitutable goods and are for use directly in the exploration for oil or natural gas or in the development of oil or natural gas wells from the reservoir up to and including the christmas tree cap.

4.   For the purposes of this by-law, "christmas tree cap" is defined as "the device attached on the top of the christmas tree flange for the purpose of sealing the well".

5.   For the purposes of this by-law, "goods" includes whole goods and parts and accessories therefor.

6.   This by-law does not apply to goods that have been declared by the Customs Regulations 1926, under paragraph 269SJ(1)(b) of the Customs Act 1901, to be goods to which a TCO should not extend.

7.   For the purposes of this by-law, goods used in the process of re-entering an existing well, extending the well into a new oil or gas zone or zones and "workovers" for the maintenance of the well are the subject of this by-law provided those processes are part of exploration for oil or natural gas, or in the development of oil or natural gas wells.

8.   For the purposes of this by-law, the "Customs Regulations 1926" means the Customs Regulations 1926, as amended.

9.   For the purposes of this by-law, the "Customs Tariff Act 1995" means the Customs Tariff Act 1995, as amended or proposed to be altered.

Dated this TWELTH day of OCTOBER 2007.

(Signed)

Philomena Carnell

Delegate of the

Chief Executive Officer