Second Reading SpeechSlipper, Peter, MP (Fisher, Parliamentary Secretary to the Minister for Finance and Administration, LP, Government)
That the bill be now read a second time.
This bill proposes amendments to the Customs Tariff Act 1995 and is the second in this package of two bills which introduce per stick rates of duty on tobacco products and tariff measures to further combat fuel substitution.
The amendments contained in this bill have been previously tabled as customs tariff proposals and now require incorporation in the Customs Tariff Act.
Schedule 1 of the bill introduces a per stick rate of customs duty of $0.18872 per stick, a rate which has operated since 1 November 1999.
Schedule 2 of the bill commenced on 15 November 1999 and contains the customs tariff measures to deter fuel substitution.
I commend the bill to the House and present the explanatory memorandum.