Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) In this Act, unless the contrary intention appears:
"Customs undertaking" means an undertaking given, in accordance with subsection 267(1) of the Customs Act 1901 , by a person who furnishes a tender in accordance with a call for tenders made under a scheme under Part XV of the Customs Act 1901 .
"prescribed percentage" , in relation to goods, means the prescribed percentage set out in the Customs undertaking that relates to the goods.
"relevant Customs undertaking" , in relation to a tender furnished in accordance with a call for tenders made under a scheme under Part XV of the Customs Act 1901 , means the undertaking relating to that tender that is given in accordance with subsection 267(1) of the Customs Act 1901 .
(2) For the purposes of this Act, where a Customs undertaking sets out the value of a unit of the goods to which the undertaking relates, the value of the goods shall be calculated in accordance with that value.