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New guidelines should provide ‘fair go’ for Aussie industry

The Australian Government is seeking industry opinions on proposed new guidelines for import duty concession schemes designed to encourage a “fair go for Australian industry and reduce costs for major projects, businesses and consumers,” according to a media release.

The minister for innovation, industry, science and research, Senator Kim Carr, said tighter guidelines for the Enhanced Project By-law Scheme (EPBS) and Tariff Concession System (TCS) were among measures to get better results for Australian firms that were announced in July.

“The changes to the guidelines are aimed at ensuring early and effective engagement with Australian producers,” Carr said.

“The proposed changes to the EPBS will encourage greater interaction between major project proponents and Australian businesses by ensuring clearer Australian Industry Participation Plans are in place up-front when projects are being designed.

“Implementing an Australian Industry Participation Plan can help to save projects time and money, while giving Australian industry and workers a fairer chance at winning contracts.”

Early establishment and publication of Australian Industry Participation Plans will also promote greater transparency and accountability for projects approved under the EPBS, says Carr.

Minister for Home Affairs, Brendan O’Connor said tightening the TCS guidelines would clarify everyone’s obligations to assess Australian industry capabilities before they applied for tariff concessions.

“With these changes, I expect TCS applications to be lodged only after genuine attempts have been made to establish that no Australian manufacturers are able to produce substitutable goods,” O’Connor said.

“We encourage anyone interested in the effective operation of these programs to comment on these proposals so that everyone’s views may be considered.”

Click here for more information on the proposed TCS documentary changes.

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