House of Representatives

Customs Amendment (Anti-dumping Measures) Bill (No. 1) 2015

Explanatory Memorandum

(Circulated by authority of the Minister for Industry and Science, the Honourable Ian Macfarlane MP)

Financial impact statement

The Bill is expected to have a positive financial impact. The extent of the positive financial impact will be dependent on the commencement of the Bill as the requirement to publish notices in newspapers and the Gazette will not cease and the introduction of the fee for applying for review will not commence until the Bill has commenced. There is minor expenditure associated with administering the conferences. The estimated combined magnitude of the financial impact of this Bill and the Customs Tariff (Anti-Dumping) Amendment Bill 2015 is summarised in the table below.

MEASURE INDICATIVE FINANCIAL IMPACT
Anti-Dumping Review Panel Saving of $0.74 million over from 2014-15 to 2018-19 inclusive.
Requiring electronic publishing of notices Saving of $1.09 million over from 2014-15 to 2018-19 inclusive.

The savings generated would be used to offset the cost of implementing non-legislative measures of the anti-dumping reforms package, specifically the establishment of an Anti-Dumping Information Service and improvement of the International Trade Remedies Advisory Service to assist access to the system, especially for small and medium sized businesses.


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