Duties Act 1999

The conditions of a deferral arrangement include the following:

that the amount of duty deferred must be at least—

$1 000; or

if a greater amount is required under the duty deferral scheme—the amount required;

any other condition required under the duty deferral scheme.

This section does not limit the Taxation Administration Act, section 52 (Arrangements for payment of tax), but any arrangement under that section about deferred payment of duty under this division must not be inconsistent with conditions under subsection (1).