Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)

Schedule 2   Imports

Customs Act 1901

22   Subsection 162(4)

Repeal the subsection, substitute:

(4) If the circumstances described in paragraphs (3)(a) and (b) do not exist in relation to the goods:

(a) the security may be enforced according to its tenor; or

(b) if an undertaking to pay the amount of the duty (if any), the GST (if any) and the luxury car tax (if any) has been given, that amount may be recovered at any time in a court of competent jurisdiction by proceedings in the name of the Collector.