Document ID: chunk:federal_register_of_legislation:F2019L01649:reg:6
Version: federal_register_of_legislation:F2019L01649
Segment Type: reg
Provision Reference: reg 6
Character Range: 4498–5572

6  Direct/build‑up method
 (1) For the purposes of subsection 153ZLN(6) of the Act, the qualifying value content of goods under the direct/build‑up method is worked out using the formula:
where:
customs value means the customs value of the goods worked out under Division 2 of Part VIII of the Act.
IA‑CEPA material cost means the value, worked out under Part 4, of the originating materials that are acquired by the producer, or produced by the producer, and are used by the producer in the production of the goods.
labour costs means wages, remuneration and other employee benefits associated with the production of the goods.
other costs means the costs incurred in placing the goods in a ship or other means of transport for export including transport costs, storage and warehousing costs, port handling fees, brokerage fees and service charges.
overhead costs has the meaning given by Article 4.5 of Chapter 4 of the Agreement.
profit has the meaning given by Article 4.5 of Chapter 4 of the Agreement.
 (2) Qualifying value content must be expressed as a percentage.