CUSTOMS SECURITIES (PENALTIES) ACT 1981 CUSTOMS SECURITIES (PENALTIES) ACT 1981 - TABLE OF PROVISIONS 1. Short title [see Note 1] 2. Commencement [see Note 1] 2A. General administration of Act 3. Interpretation 4. Penalty CUSTOMS SECURITIES (PENALTIES) ACT 1981 - LONG TITLE An Act to provide for penalties for refusal or failure to give certain securities with respect to the importation into Australia of dutiable goods CUSTOMS SECURITIES (PENALTIES) ACT 1981 - SECT 1 Short title [see Note 1] This Act may be cited as the Customs Securities (Penalties) Act 1981. CUSTOMS SECURITIES (PENALTIES) ACT 1981 - SECT 2 Commencement [see Note 1] This Act shall come into operation on the day on which the Customs Amendment (Tenders) Act 1981 comes into operation. CUSTOMS SECURITIES (PENALTIES) ACT 1981 - SECT 2A General administration of Act The Chief Executive Officer of Customs has the general administration of this Act. CUSTOMS SECURITIES (PENALTIES) ACT 1981 - SECT 3 Interpretation (1) In this Act, unless the contrary intention appears: "Customs undertaking" means an undertaking given, in accordance with subsection 267(1) of the Customs Act 1901, by a person who furnishes a tender in accordance with a call for tenders made under a scheme under Part XV of the Customs Act 1901. "prescribed percentage", in relation to goods, means the prescribed percentage set out in the Customs undertaking that relates to the goods. "relevant Customs undertaking", in relation to a tender furnished in accordance with a call for tenders made under a scheme under Part XV of the Customs Act 1901, means the undertaking relating to that tender that is given in accordance with subsection 267(1) of the Customs Act 1901. (2) For the purposes of this Act, where a Customs undertaking sets out the value of a unit of the goods to which the undertaking relates, the value of the goods shall be calculated in accordance with that value. CUSTOMS SECURITIES (PENALTIES) ACT 1981 - SECT 4 Penalty Where: (a) a tender furnished by a person in accordance with a call for tenders made under a scheme under Part XV of the Customs Act 1901 has been accepted; and (b) the person refuses, or fails, when required by a Collector under section 42 of that Act to do so, to give a security for payment of any penalty in connection with the relevant Customs undertaking that the person may become liable to pay to the Commonwealth under the Customs Undertakings (Penalties) Act 1981; 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 that undertaking relates. CUSTOMS SECURITIES (PENALTIES) ACT 1981 - NOTES Act No. 46 of 1981 as amended This compilation was prepared on 30 October 2000 taking into account amendments up to Act No. 85 of 1995 The text of any of those amendments not in force on that date is appended in the Notes section The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section Prepared by the Office of Legislative Drafting, Attorney-General's Department, Canberra Contents 1............ Short title [see Note 1] ....................................................................... 1 2............ Commencement [see Note 1] .............................................................. 1 2A......... General administration of Act ............................................................ 1 3............ Interpretation ...................................................................................... 1 4............ Penalty ................................................................................................ 2 Notes 3 CUSTOMS SECURITIES (PENALTIES) ACT 1981 - NOTES Notes to the Customs Securities (Penalties) Act 1981 Note 1 The Customs Securities (Penalties) Act 1981 as shown in this compilation comprises Act No. 46, 1981 amended as indicated in the Tables below. Table of Acts Act Number and year Date of Assent Date of commencement Application, saving or transitional provisions Customs Securities (Penalties) Act 1981 46, 1981 14 May 1981 14 May 1981 (see s. 2) Customs Administration (Transitional Provisions and Consequential Amendments) Act 1985 39, 1985 29 May 1985 10 June 1985 (see s. 2 and Gazette 1985, No. S194) S. 4(1)-(4) Customs, Excise and Bounty Legislation Amendment Act 1995 85, 1995 1 July 1995 S. 11 (item 60): Royal Assent (a) S. 18 (a) The Customs Securities (Penalties) Act 1981 was amended by the Customs, Excise and Bounty Legislation Amendment Act 1995, subsection 2(1) of which provides as follows: (1) Subject to subsections (2), (3),(4), (5) and (6), this Act commences on the day on which it receives the Royal Assent. Table of Amendments ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted Provision affected How affected S. 2A................................... ad. No. 39, 1985 am. No. 85, 1995