CUSTOMS AND EXCISE LEGISLATION AMENDMENT ACT 1990 No. 111 of 1990 - SECT 31 Commercial documents to be kept

CUSTOMS AND EXCISE LEGISLATION AMENDMENT ACT 1990 No. 111 of 1990 - SECT 31

31. Section 240 of the Principal Act is amended:
(a) by omitting from subsection (1) "imports goods" and substituting "is the
owner of goods imported";

   (b)  by omitting from subsection (1) "to ascertain whether the goods are
        properly described and, in the case of goods that are entered for home
        consumption, properly valued or rated for duty" and substituting "to
        enable a Collector to satisfy himself or herself of the correctness of
        the particulars shown in the entry";

   (c)  by inserting after subsection (1) the following subsection:

"(1A) A person who is the owner of goods exported from Australia must keep all
the relevant commercial documents relating to the goods that come into that
persons possession or control before, or come into that persons possession or
control on or after, the entry of those goods for export, being documents that
are necessary to enable a Collector to satisfy himself or herself of the
correctness of the particulars shown in the entry, until the expiration of the
period of 5 years after the goods are so entered. Penalty: $2000.";
(d) by inserting in subsection (2) "or (1A)" after "subsection (1)";
(e) by inserting in subsection (3) "or (1A)" after "subsection (1)";
(f) by inserting in subsection (4) "or (1A)" after "subsection (1)";

   (g)  by inserting in paragraph (4) (a) "for the purpose of importation or
exportation, as the case requires," after "properly described";
(j) by inserting in subsection (6) ", (1A)" after "subsection (1)".