Commonwealth Consolidated Acts

CUSTOMS ACT 1901 - SECT 107

  (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.