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
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