CUSTOMS AND EXCISE LEGISLATION AMENDMENT ACT 1990 No. 111 of 1990 - SECT 29 Insertion of new section

CUSTOMS AND EXCISE LEGISLATION AMENDMENT ACT 1990 No. 111 of 1990 - SECT 29

29. After section 234AB of the Principal Act the following section is
inserted: Unauthorised use of identifying codes

"234AC. A registered EXIT user must:

   (a)  take all reasonable steps, in accordance with the applicable EXIT
        agreement, to safeguard the security of the identifying code allocated
        to the user; and

   (b)  notify Customs, at the earliest available opportunity, if the user is
        aware that the identifying code is, or is likely to be known to any
        person other than a person to whom the user has made the code
        available in circumstances contemplated under the applicable EXIT
        agreement. Penalty: $5,000.".