Customs Point-in-Time Service Updates

The Customs Point-in-Time Service has been updated to include the Customs Amendment (Strengthening and Modernising Licensing and Other Measures) Act 2024 (Act No 79 of 2024).

Act 79 of 2024

This Act amends the Customs Act 1901 (Cth) to modernise and strengthen the customs licensing regime and make amendments to streamline administrative processes including digitisation of forms.

The Act is part of the Government’s Simplified Trade System (STS) agenda which aims to deliver a simpler, more effective and sustainable cross-border trade environment that will ensure Australia remains a globally competitive trading nation. The STS reforms are designed to roll out progressive benefits for business and government, with regulatory reform the first step toward investment in larger digital reforms.

In conjunction with amendments to modernise and streamline aspects of the licence administration, the amendments strengthen the eligibility to hold a licence and maintain a licence that ensures the integrity of goods under customs control and the applicant is adequately able to report, store and move goods under customs control in line with the obligations of a licence.

These amendments have been updated in the Point-in-Time Customs Service current to 24 September 2024. (NB: subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.