Customs Act 1901

An entity is released from an obligation that the entity would otherwise be required to satisfy under a provision of this Part (other than Division 1) if the obligation:

is of a kind prescribed by rules for the purposes of Part XA; and

is specified in those rules as an obligation from which an entity may be released; and

is specified in a trusted trader agreement between the Comptroller‑General of Customs and the entity.

If:

an obligation must be satisfied under a provision of this Part (other than Division 1); and

the obligation:

is of a kind prescribed by rules for the purposes of Part XA; and

is specified in those rules as an obligation that may be satisfied in a way other than required by this Part; and

is specified in a trusted trader agreement between the Comptroller‑General of Customs and an entity;