Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An amount of * assessed GST on a * taxable importation of goods is not payable if:
(a) a security or undertaking described in section 162 of the Customs Act 1901 has been given; and
(b) the provisions of the regulations mentioned in paragraph 162(3)(a) of that Act are complied with; and
(c) either:
(i) the goods are exported within the relevant period mentioned in paragraph 162(3)(b) of that Act; or
(ii) one or more of the circumstances or conditions specified in the regulations mentioned in paragraph 162(3)(b) of that Act apply in relation to the goods.
Note: Section 162 of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, assessed GST and assessed luxury car tax relating to the importation.
(1A) An amount of * assessed GST on a * taxable importation of goods is not payable if:
(a) a security or undertaking described in section 162A of the Customs Act 1901 has been given; and
(b) the goods are not dealt with in contravention of regulations made for the purposes of that section; and
(c) one or more of the following applies:
(i) the goods are exported within the relevant period mentioned in paragraph 162A(5)(b) of that Act;
(ii) if the goods are described in subsection 162A(5A) of that Act--the goods are exported before the end of the relevant day mentioned in paragraph 162A(5A)(b) of that Act;
(iii) one or more of the circumstances or conditions specified in the regulations mentioned in paragraph 162A(5)(b) of that Act apply in relation to the goods.
Note: Section 162A of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, assessed GST and assessed luxury car tax relating to the importation.
(2) This section has effect despite section 33 - 15 (which is about payments of amounts of assessed GST on importations).