Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Alliott Group 2012 Asia Pacific Conference

Importing Goods into Australia – Peter Maletz

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Customs Requirements

• All goods imported must be cleared by Customs

• Depending on type and value of goods various taxes and duties are involved

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

What to do

Import Declaration Form (N10) must be lodged with goods .This can be lodged electronically. Form requires details of:

Owner of goods/Importer How goods transported Type of goods Where the goods originated and where they are to be

delivered Value of goods and method of calculation Tariff and taxes to be paid

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Prohibited & Restricted Goods

• Goods can be completely prohibited or restricted where you need a permit, licence or written permission to import

• General list and list of contacts provided on Customs website

• Customs recommend you seek further detailed information before attempting to import

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Quarantine Requirements

• Some goods are subject to quarantine and are required to be inspected and/or treated for pests and diseases e.g. Plant, animal, mineral or human products

• Database of goods provided on Australian Quarantine and Inspection Service (AQIS) website

• If quarantine required an import permit is required

• Fees and charges apply

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Labelling

Goods may need to be labelled a certain way

– Trade descriptions for a variety of good and associated guidelines available from Customs

– Country of origin labelling details available from Australian Competition and Consumer Commission (ACCC)

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Timeline

Service Standard for complete and accurate manually lodged

import declaration is by close of next business day. You will

then be informed whether:

– Goods can be cleared

– Further information is required

– Examination required

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Assistance for Importers

Customs Brokers

– Trained professionals in Customs Business that provide their services for a fee

– Will complete and lodge import declaration on your behalf

– Must be licensed member of industry group

– Ensure goods get through customs and will ensure all documentation and tariffs are paid

– Can also be affiliated with Freight Forwarders

Taxes & Duties

• Customs– Processing Recovery costs

– Customs Duty (Based on classification and value of goods)

• Quarantine– Import fees

• Taxation– Goods and Services Tax (GST) of 10% is payable on value of imported

goods before release.

– Calculated on total value which includes duty, transport & insurance (T & I)

– Some goods are exempt from GST

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Taxes & Duties contd..

The GST paid can be claimed back through a Business Activity Statement (BAS) or alternatively you can apply for a deferral scheme subject to certain conditions

Further taxes apply to certain types of goods such as Alcohol and Luxury Cars (LCT/WET)

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Registrations

• Australian Business Number (ABN) – required to operate a business in Australia

• GST Registration- required if turnover greater than $75,000

• Customs & Border Protection Integrated Cargo System (ICS)- Required to register as a client

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Where to find more information

• Starting up a business www.business.gov.au

• Customs www.customs.gov.au

• Quarantine www.aqis.gov.au

• Taxation www.ato.gov.au

• ABN & GST Registration www.abr.gov.au

• Labelling www.accc.gov.au

Alliott Group 2012 Asia Pacific Conference – Importing Goods into Australia

Thank you!

© Hanrick Curran 2012 www.hanrickcurran.com.au