This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 July 2011, amend the Customs and Excise Regulations 1996 (the principal regulations).
The principal regulations prescribe the cases in which payments of excise duty on alcoholic products, and the entry of those products, must be made on an annual or on a biannual basis. The timing requirements depend on the amount of excise duty for which a licensee is liable in any one year. Currently, if a licensee's liability for excise duty in any one year is $5,000 or less, entry and payment must be made on an annual basis and, if the liability is greater than $5,000 but under $10,000, entry and payment must be made on a biannual basis. The amendments made by these regulations raise those amounts to $50,000 and $100,000 respectively.
Regulations 52 and 57 of the principal regulations have been recast to state the new amounts and to clarify that, in cases where those amounts are exceeded, the general rules for the entry of goods also apply to alcoholic products.