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Legislation(a) Who created the law (which authority)?(b) What is the full name of the law, and where can the most current version be accessed?(c) What is the general intent or purpose of the legislation?(d) What sections are specifically relevant to engaging in international business opportunities?(e) What are the implications of these sections for international business opportunities?
Customs Legislation Amendment and Repeal ActThe AustralianCustoms Service (Customs)the Customs Legislation Amendment and Repeal (International Trade Modernisation) Act 2001its basic aim the modernisation of the way in whichCustoms manages the movement of cargo into and out of Australia.The legislation sets out how people will electronically communicate with Customs.The changes to the reporting of export cargo and the strengthening of Customscontrol over export cargo would assist Customs in adequately performing functionsincluding controlling the export or prohibited or restricted exports; collection ofstatistical data for the Australian Bureau of Statistics; control of underbond goods toprevent evasion of Commonwealth revenue; and verification of exports for theAustralian Taxation Office for GST purposes.Import Processing Charges ActThe Parliamentof the Commonwealth of AustraliaImport ProcessingCharges Act 2001increase the import processing charges imposed on import and warehouse declarations; remove the price differential between charges for sea cargo, air cargo Import declaration processing chargefor an electronic import declaration in respect of goods: 9 (i) if the value of the goods is at least $10,000—$152.00 or 10 such otheramount (not exceeding $228.00) as is 11