Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The core criteria for the making by a person of an application for, or an application for a variation of, a tradex order are:
(a) that the person intends to import nominated goods that are to be subsequently exported; and
(b) that the requirements of regulations made for the purposes of this paragraph are met in relation to the nominated goods; and
(c) that the nominated goods will be exported within one year after their entry for home consumption; and
(d) that adequate record - keeping and accounting systems are in place in respect of nominated goods until they are exported.
(2) The core criteria for the holding by a person of a tradex order are:
(a) that the holder:
(i) intends to import nominated goods that are to be subsequently exported; or
(ii) has imported, and intends to continue to import, nominated goods that have been, or are to be, subsequently exported; and
(b) that the requirements of regulations made for the purposes of this paragraph have been met in relation to all of the nominated goods that have been exported; and
(c) that every exportation of nominated goods occurred within one year after their entry for home consumption; and
(d) that adequate record - keeping and accounting systems are in place in respect of nominated goods until they are exported.
Note: The Secretary has power to extend periods referred to in paragraphs (1)(c) and (2)(c) (see section 43).