Customs Tariff (Industries Preservation) Act 1933 (Cth)

CUSTOMS TARIFF (INDUSTRIES PRESERVATION).

No. 30 of 1933.

An Act to amend the Customs Tariff (Industries Preservation) Act 1921-1922.

[Assented to 4th December, 1933.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Customs Tariff (Industries Preservation) Act 1933.

(2.) The Customs Tariff (Industries Preservation) Act 1921-1922 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Customs Tariff (Industries Preservation) Act 1921-1933.

2. Section eight of the Principal Act is repealed and the following section inserted in its stead:—

Exchange special duty.

“8.—(1.) If the Minister is satisfied, after inquiry and report by the Tariff Board, that the exchange value of the currency of the country of origin of any goods has depreciated in relation to Australian currency, and that by reason of such depreciation goods have been or are being sold to an importer in Australia at prices which will be detrimental to an Australian industry, the Minister may publish a notice in the Gazette specifying the country as to the exchange value of the currency of which he is so satisfied, and the goods originated in that country to which in his opinion the provisions of this section should apply.

“(2.) Upon the publication of the notice, there shall be charged, collected and paid to the use of the King, for the purposes of the Commonwealth, on all goods specified in the notice and produced or manufactured in the country specified therein, a special duty ascertained as follows:—

(a) From the nominal par value in sterling of a unit of the currency of the country of origin of the goods there shall be deducted the value in Australian currency of the same unit at the date of exportation of the goods;

 

(b) The amount ascertained under the last preceding paragraph shall be divided by the value in Australian currency of a unit of the currency of the country of origin of the goods at the date of exportation of the goods; and

(c) The figure ascertained under the last preceding paragraph shall be multiplied by the value for duty of the goods assessed in accordance with the Customs Act 1901-1930.”.

Repeal of Schedule.

3.