Almost 25 million people in the Asia-Pacific Region alone are estimated to be enslaved in global supply chains.  Credit: Bloomberg Australia’s world-leading attempts to tackle modern slavery around the globe will be empowered with a $10.6 million national action plan which was funded in the last budget. The funding is also designed to help equip […]
News
Importers Must Comply with Origin Rules
Ruling by the ACCC Consumer watchdog the Australian Competition and Consumer Commission (ACCC) has carried out compliance checks across a range of frozen fish products, becoming concerned the products displayed a misleading ‘Made in Australia’ mark. Popular fish brands like Birds Eye, I&J and Neptune will no longer be sold as being ‘Made in Australia’ […]
Colless Young Celebrates 40 Years of Service!
The origins of our company were established in October 1980, when the founders, Derek Colless and Paul Young, commenced trading from a one-room office in the suburbs of Brisbane as Colless Young & Co. The pair had previously worked together for two multi-national forwarders during the 1970s, which had been an exciting decade for the […]
Exchange Rate for Customs Purposes
For Customs purposes, when importing cargo into Australia, the Valuation Date for applying the rate of exchange on the import entry has long been subject to finding out the date at the place of export. Where goods are packed in a container, the day of exportation is the day the container leaves the place where […]
Information on Tariff Concession Orders
Tariff Concession Orders (TCOs) are an Australian Government revenue concession that exists where there are no known Australian manufacturers of goods that are substitutable for imported goods. The Tariff Concession System is designed to assist manufacturers with tariff protection. It is administered by the Australian Border Force (ABF). Many domestic manufacturers use a mix of […]
Mutual Recognition Arrangements
The Australian Border Force (ABF) has this week issued a reminder notice to importers and exporters about Mutual Recognition Arrangements (MRAs) which recognise Australian Trusted Traders in economies where Australia has arrangements in place. Administered by Home Affairs with the Australian Border Force, Trusted Trader is free and accredits Australian businesses with compliant trade practices […]
Import Food Control Certificates
The Department of Agriculture and Water Resources (DAWR) has issued notice IFN 08-19 – (dated 29th April 2019) Understanding the Food Control Certificate.  This Certificate (known as the FCC) is an electronic direction issued by DAWR advising the owner of the imported food, which may be the importer or Customs Broker, that an entry has […]
AI Transforming the Shipping Industry
Executives in the shipping and logistics industries have highlighted a number of reasons Artificial Intelligence (AI) is transforming their profession. IMO 2020 is one of the most impactful environmental regulations to hit the industry over the past decade. Global maritime freight transportation revenue is estimated to reach US $205 billion by 2023, up from US […]
Taiwan MRA Rewards Trusted Traders
Home Affairs-ABF released news this week that a Mutual Recognition Arrangement (MRA) between Taiwan and Australia recognises Australian Trusted Traders as having robust security practices and rewards them with an increased competitive edge and better access to markets in Taiwan. The Taiwan-Australia MRA helps further stimulate the important economic and trade relationship between our two […]
Alternative to Trading in the USD
Germany has called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington. The intention is to strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent SWIFT network system. While […]
