TRADEX Scheme
Funding Providers
Department of Industry, Innovation and Science
Location
Australia WideFunding Type
Cash grant G01529
Primary Category
International economics and tradeEligible to
- Not-for-Profits
- Individuals
- Businesses
Funding
Amount : Undisclosed toTotal pool: Undisclosed
Round(s)
Ongoing
Purpose
The Tradex Scheme provides a cash flow benefit for importers who subsequently export the goods. It will give you an upfront exemption from Customs duty and GST.
Overview
The Tradex Scheme gives a cash flow benefit for importers on eligible imported goods, which they or a third party intend to export. It gives an upfront exemption from customs duty and goods and services tax (GST). For example, if goods attract 5% customs duty and 10% GST, having a Tradex order gives importers an up-front saving of 15% on the value of the imported goods when they first arrive in Australia.
The Tradex order does not expire and remains in force unless and until suspended or revoked.
Limitations
Eligibility
An individual, an incorporated company, a partnership, an incorporated association, or entity can apply for a Tradex order. To be eligible for Tradex, you must:
- meet the requirements of the Tradex Scheme Act 1999 and Tradex Regulations 2018
- declare that imported nominated goods are intended for export
- export the nominated goods within one year after their entry for home consumption, unless an extension is otherwise approved by the Tradex team, and
- have adequate record keeping and accounting systems in place in respect of nominated goods until they are exported.
You are not eligible to apply for or hold a Tradex order if you are:
- an unincorporated entity
- an individual who is an insolvent under administration
- an externally administered body corporate
- a partnership where any of the partners is an insolvent under administration.
Applications / Guidelines
Contact Details
We take pride in ensuring our data is up to date and accurate, but you should not rely on our data alone. Please double-check important information on the funder's website before applying.