AUSTRALIAN TRUSTED TRADER
Wednesday, June 1, 2016
Australian Trusted Trader is a voluntary accreditation programme that recognises secure and compliant industry supply chain practices, offering tailored trade facilitation benefits to accredited businesses.
This programme is a partnership between government and business underpinned by shared responsibility and transparency. It aims to streamline and facilitate trade and enhance supply chain security. Accreditation is available to all Australian businesses big and small who are active in the international trade supply chain and meet or exceed the required standards.
The programme was launched on 1 July 2015 and is being implemented in phases. Initially, a pilot phase will allow time to implement and test new processes across different industry sectors and explore the range of benefits and enhancements that might be offered.
One of the main benefits of being in the Trusted Trader programme is having the ABILITY TO DEFER DUTY PAYMENTS ON IMPORTS.
Currently the Trusted Trader programme is in it's pilot phase. From the 1st July importers, along with exporters, will be able to seek Trusted Trader accreditation.
LMF will keep you informed of any further updates on the Australia Trusted Trader programme.
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