Sounding Board Ideas

Currently excise applies to crude oil and condensate produced from onshore petroleum fields. Production below a threshold of 30 million barrels per field is excise-free, but producers must still register as manufacturers of excisable goods. This means that onshore producers must meet the ongoing verification, administrative and compliance requirements imposed by the excise regime. Decrease the unnecessary compliance burden... more »

Section 105A of the Customs Act 1901 applies a maturation requirement for imports of brandy, whisky and rum that mirrors section 77F1 of the Excise Act 1901. This requirement imposes an unnecessary administrative burden on both the importers of these spirits and the Department of Immigration and Border Protection and effectively works against the movement of goods between countries. Furthermore, the broad definition of... more »