Document ID: chunk:federal_register_of_legislation:C2015A00073:clause:1_107
Version: federal_register_of_legislation:C2015A00073
Segment Type: clause
Provision Reference: sch 1 cl 107
Character Range: 5273–6371

107  Obligations under this Part may be satisfied in accordance with a trusted trader agreement
 (1) An entity is released from an obligation that the entity would otherwise be required to satisfy under a provision of this Part (other than Division 1) if the obligation:
 (a) is of a kind prescribed by rules for the purposes of Part XA; and
 (b) is specified in those rules as an obligation from which an entity may be released; and
 (c) is specified in a trusted trader agreement between the Comptroller‑General of Customs and the entity.
 (2) If:
 (a) an obligation must be satisfied under a provision of this Part (other than Division 1); and
 (b) the obligation:
 (i) is of a kind prescribed by rules for the purposes of Part XA; and
 (ii) is specified in those rules as an obligation that may be satisfied in a way other than required by this Part; and
 (iii) is specified in a trusted trader agreement between the Comptroller‑General of Customs and an entity;
then, despite the relevant provision, the entity may satisfy the obligation in the way specified in the trusted trader agreement.