Contents

Part 1                     Introductory                                                               

                      1.1      Name of Regulations [see Note 1]                                     4

                      1.2      Commencement [see Note 1]                                           4

                      1.3      Definitions                                                                       4

Part 2                     Regional value content requirement (build‑up method and build‑down method)                                                                       

                      2.1      Regional value content                                                     5

                      2.2      Build‑down method                                                          5

                      2.3      Build‑up method                                                              6

Part 3                     Regional value content requirement (net cost method)          

                      3.1      Definitions for Part 3                                                         7

                      3.2      Regional value content                                                     8

                      3.3      Net cost method                                                              8

                      3.4      Working out net cost                                                        9

                      3.5      Net cost calculations                                                      10

Part 4                     Determination of value (Act, subsection 153YA (2))      

                      4.1      Definition for Part 4                                                         12

                      4.2      Value                                                                            12

                      4.3      Value of accessories, spare parts or tools                        14

                      4.4      Value of packaging material and container                        15

                      4.5      Value of goods put up in a set for retail sale                     15

Part 5                     Exceptions to the De Minimis requirement in Article 5.2 of the Agreement

                      5.1      US originating goods (except clothing and textiles)           16

Schedule 1              Product‑specific requirements from Annex 5‑A to the Agreement            17

Part 1                       Interpretation                                                                 17

Part 2                       Schedule 1 tariff table                                                     18

Schedule 2              Product‑specific requirements from Annex 4‑A to the Agreement (Textile and apparel goods)                                                                                  162

Part 1                       Interpretation                                                                162

Part 2                       Schedule 2 tariff table                                                   162

Part A                                                                                                        162

Part B                                                                                                        168

Notes                                                                                                        202

 

 

  

Notes to the Customs (Australia-US Free Trade Agreement) Regulations 2004

Note 1

The Customs (Australia-US Free Trade Agreement) Regulations 2004 (in force under the Customs Act 1901) as shown in this compilation comprise Statutory Rules 2004 No. 288 amended as indicated in the Tables below.

Under the Legislative Instruments Act 2003, which came into force on 1 January 2005, it is a requirement for all non‑exempt legislative instruments to be registered on the Federal Register of Legislative Instruments. From 1 January 2005 the Statutory Rules series ceased to exist and was replaced with Select Legislative Instruments (SLI series). Numbering conventions remain the same, ie Year and Number.

Table of Instruments

Table of Amendments