Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection ( 2), where a person breaches a Customs undertaking given by him or her, there is payable by that person to the Commonwealth, by way of penalty, an amount equal to the prescribed percentage of the value of the goods to which the undertaking relates.
(2) Where a person who has given a Customs undertaking has, in partial compliance with the undertaking, entered goods for home consumption under an item, or proposed item, of a Customs Tariff to which the undertaking relates during the period, or each of the periods, specified in the undertaking, the penalty otherwise applicable under subsection ( 1) shall be reduced by an amount that bears to the amount of that penalty the same proportion as:
(a) where a particular quantity of goods was required to be so entered to comply fully with the undertaking--the quantity of goods so entered bears to that particular quantity; or
(b) where a quantity of goods of a particular value was required to be so entered to comply fully with the undertaking--the value of the goods so entered bears to that particular value.