Free Trade Zones (Amendment) Bill

The Free Trade Zones (Amendment) Bill proposes the following key changes to the Free Trade Zones Act 1966:

It establishes a licensing framework for free trade zone operators and details their responsibilities for administering and operating free trade zones.
The Bill imposes reporting and compliance obligations on free trade zone cargo handlers, shipping agents, and air cargo agents to enhance security and revenue protection.
It empowers customs officers with enhanced investigation, enforcement, and inspection powers in relation to operations within free trade zones.
The legislation clarifies penalties for various offences related to the misuse of goods and failure to comply with licensing and operational requirements.
The Bill also includes consequential amendments to the Customs Act 1960 to align with the new provisions and framework established for free trade zones.

The Free Trade Zones (Amendment) Bill proposes the following key changes to the Free Trade Zones Act 1966:

It establishes a licensing framework for free trade zone operators and details their responsibilities for administering and operating free trade zones.
The Bill imposes reporting and compliance obligations on free trade zone cargo handlers, shipping agents, and air cargo agents to enhance security and revenue protection.
It empowers customs officers with enhanced investigation, enforcement, and inspection powers in relation to operations within free trade zones.
The legislation clarifies penalties for various offences related to the misuse of goods and failure to comply with licensing and operational requirements.
The Bill also includes consequential amendments to the Customs Act 1960 to align with the new provisions and framework established for free trade zones.

Summary