Tariff (Trans-Pacific Strategic Economic Partnership) Amendment Act 2006

Tariff (Trans-Pacific Strategic Economic Partnership) Amendment Act 2006

Public Act2006 No 4
Date of assent6 April 2006

Note

This Act is administered by the Ministry of Economic Development.


The Parliament of New Zealand enacts as follows:

1 Title
  • This Act is the Tariff (Trans-Pacific Strategic Economic Partnership) Amendment Act 2006.

2 Commencement
  • This Act comes into force on 1 May 2006.

3 Principal Act amended
4 Purpose
  • The purpose of this Act is to enable the conferral of preferential tariffs in accordance with the Trans-Pacific Strategic Economic Partnership Agreement.

5 Interpretation
  • Section 2(1) is amended by inserting the following definitions in their appropriate alphabetical order:

    specified TPA party means a country that is for the time being declared by Order in Council to be a specified TPA party for the purposes of this Act

    TPA means the Trans-Pacific Strategic Economic Partnership Agreement that was opened for signature by Brunei Darussalam, Chile, New Zealand, and Singapore on 15 June 2005.

6 Application of Tariff
  • (1) Section 7(1) is amended by adding the following paragraph:

    • (i) in the case of goods—

      • (i) being the produce or manufacture of a specified TPA party; and

      • (ii) being goods included in a Tariff item in respect of which a rate of duty is specified after the abbreviation TPA in the column headed Preferential Tariff,—

      at the rate so specified.

    (2) Section 7 is amended by adding the following subsections:

    • (5) The Governor-General may, by Order in Council, declare a country to be a specified TPA party for the purposes of this Act if the country—

      • (a) is a party to the TPA; or

      • (b) is provisionally applying the terms of the TPA.

    • (6) If, by an Order in Council made under subsection (5), a country is declared to be a TPA party for the purposes of this Act, the Governor-General may, by the same or any subsequent Order in Council,—

      • (a) declare that, in relation to any specified Tariff items, any rate of duty or exemption from duty otherwise applicable to a specified TPA party is not to apply to that country:

      • (b) modify the Tariff rates of duty applicable to goods from that country, in whole or in part.

    • (7) No modification made under subsection (6)(b) may have the effect of imposing on any goods a higher duty than that set out in respect of those goods in the Normal Tariff, unless the Governor-General is satisfied that the modification is—

      • (a) necessary or advisable in the public interest; and

      • (b) consistent with New Zealand's international obligations.


Legislative history

21 February 2006Introduction (Bill 20-1)
1 March 2006First reading and referral to Foreign Affairs, Defence and Trade Committee
6 March 2006Reported from Foreign Affairs, Defence and Trade Committee
21 March 2006Second reading
22 March 2006Committee of the whole House
23 March 2006Third reading