In a previous article I reported the intention of the Federal Government to increase the Customs Import Processing Charge (“IPC”) effective from 1 January, 2014.
However, the legislation to implement this increase did not pass through Parliament before the Federal election in 2013. The measures must now be reconsidered by the current Government.
It’s probably fairly safe to say that, due to the budget deficit issues facing the current Government, the measures can be expected to go ahead as planned. Whether or not the legislation will be able to be tabled and passed in time for implementation of the new charges on 1 January, 2014, remains to be seen.
This one remains a watching brief.
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