Leonie Ferretter and Claire Sing discuss the Australian Trusted Trader (ATT) Program.
The Australian Trusted Trader (ATT) Program is a voluntary trade facilitation program that offers certain benefits to ‘trusted traders’ provided the business is trade compliant and has sufficient supply chain security controls in place. There has been significant interest in the program, particularly given that trusted traders will be offered duty deferral and streamlined reporting arrangements (slated for introduction later this year). Streamlined reporting is expected to result in significant savings to traders through a reduction in processing costs.
Other key benefits include:
Currently, the ABF has accredited 133 traders and 67 service providers with numerous others awaiting qualification. With the ABF is aiming to accredit 1,000 businesses by June 2020, now is the time for clients to give serious consideration to joining this Program.
Please contact us for a detailed discussion on what ATT can do for your business.
© 2018 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.