Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a TCO application in respect of goods, other than goods sent out of Australia for repair, has been accepted as a valid application under section 269H, the Comptroller - General of Customs must decide, not later than 150 days after the gazettal day, whether or not he or she is satisfied, having regard to:
(a) the application; and
(b) all submissions lodged with the Comptroller - General of Customs before the last day for submissions; and
(c) all information supplied and documents and material produced to the Comptroller - General of Customs in accordance with a notice under subsection 269M(4); and
(d) any inquiries made by the Comptroller - General of Customs;
that the application meets the core criteria.
(2) If the Comptroller - General of Customs fails to make a decision under subsection (1) in respect of a TCO application within 150 days after the gazettal day, the Comptroller - General of Customs is taken, for the purposes of subsection (1), at the end of that period, to have made a decision that he or she is not satisfied that the application meets the core criteria.
(3) If the Comptroller - General of Customs is satisfied that the application meets the core criteria, he or she must make a written order declaring that the goods the subject of the TCO application are goods to which a prescribed item specified in the order applies.
(4) The TCO must include:
(a) a description of the goods the subject of the order including a reference to the Customs tariff classification that, in the opinion of the Comptroller - General of Customs, applies to the goods; and
(b) a statement of the day on which the TCO is to be taken to have come into force; and
(c) if subsection 269SA(1) applies in relation to the TCO--a statement of the day on which it ceases to be in force.