Document ID: chunk:federal_register_of_legislation:C2011A00085:clause:1_308
Version: federal_register_of_legislation:C2011A00085
Segment Type: clause
Provision Reference: sch 1 cl 308
Character Range: 130280–131938

308  Transitional—indexation
(1) If on the relevant indexation day the rates of duty set out in the rate column of subheading 2403.10.30 in Schedule 3 to the Customs Tariff Act 1995 were increased by an amount in accordance with section 19 of that Act, then on the day this item commences:
 (a) the rates of duty set out in the rate column of subheading 2403.19.10 in that Schedule are increased by the same amount; and
 (b) the rate of duty set out in the rate column of each item in the table in Schedules 5, 6, 7 and 8 to that Act that relates to the subheading referred to in paragraph (a) is increased by the same amount.
(2) If on the relevant indexation day the rates of duty set out in the rate column of subheading 2403.10.70 in Schedule 3 to the Customs Tariff Act 1995 were increased by an amount in accordance with section 19 of that Act, then on the day this item commences:
 (a) the rates of duty set out in the rate column of subheadings 2403.11.00 and 2403.19.90 in that Schedule are increased by the same amount; and
 (b) the rate of duty set out in the rate column of each item in the table in Schedules 5, 6, 7 and 8 to that Act that relates to a subheading referred to in paragraph (a) is increased by the same amount.
(3) In this item:
relevant indexation day means:
 (a) 1 August 2011; or
 (b) if, in relation to the 6‑month period starting on 1 August 2011, subsection 6A(6) of the Excise Tariff Act 1921 had the effect of substituting a rate of duty under that Act on a day later than 1 August 2011—that later day.

[Minister's second reading speech made in—
House of Representatives on 23 March 2011
Senate on 14 June 2011]
(40/11)