GST on low value imports—2017 Inquiry
The ECA expresses its concern over the impact of the GST Low Value Goods Bill on Australian importers, particularly small and medium-sized enterprises
(SMEs) and importers of lower-value goods.
According to DFAT, Australia imported $271.4 billion worth of goods and $77.7 billion worth of services in 2015-16. Imports are an important component of Australia’s economic prosperity. They promote competition and expand the range of goods available to Australian consumers, as well as help Australian businesses meet their strategic goals and provide goods to customers that may not be available locally.
Importing goods into Australia is not necessarily straight forward, especially for SMEs with limited resources. There are many things an importer needs to consider, such as rules and regulations, whether any licenses or permits are required, what the customs clearance requirements are, payment terms, logistics considerations, and more. There are also the initial challenges of understanding how to purchase your goods and set up contracts, as well as how free trade agreements and tariff barriers apply, that importers need to be aware of before a deal is even negotiated.
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Group Managing Director, doq®
Member of the ECA
"Our mission is to connect Australia and Japan – by using our local knowledge to service clients in the Asia Pacific region that we can grow with. This
allows us to develop cross-cultural marketing solutions that are mutually beneficial, both for our Australian and international partners. Being a part
of the ECA has been an important asset to our growth; setting a high bar to reach for, providing a valuable network, introducing us to new leads and
informing us of changing trends. We look forward to continuing to be the specialists in anything Japan-related and are proud to be associated with
Down Under Enterprises grows, produces, exports, and markets traceable and sustainable native Australian essential oils and botanicals. We source from their farm, Buhlambar, and also from small growers across Australia.
Founded in 1991 in a spare bedroom to sell Tea Tree Oil from Dee-Ann’s parents’ farm, Down Under Enterprises has since grown to support over three dozen Australian farming families.