IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2016 | Removal date: 31 Dec 2018
Still in force

Tax or social insurance relief

 On 17 November 2015, the government of New South Wales passed an act introducing tax deferrals worth 60 million AUD (ca. 42.59 million USD) for the coming three years for steelmaker BlueScope's Port Kembla.
The state aid is meant to prevent up to 5'000 job losses at the local steel plant in the Illawarra region. BlueScope will have 10 years to pay off the tax.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

411 Basic iron & steel
7207 Semifinished products of iron or nonalloy steel.
720719 Other
412 Products of iron or steel
7208 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, hotrolled, not clad, plated or coated.
720837 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720851 Of a thickness exceeding 10 mm
720852 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720853 Of a thickness of 3 mm or more but less than 4.75 mm
7209 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, coldrolled (coldreduced), not clad, plated or coated.
720916 Of a thickness exceeding 1 mm but less than 3 mm
720917 Of a thickness of 0.5 mm or more but not exceeding 1 mm
7210 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, clad, plated or coated.
721011 Of a thickness of 0.5 mm or more
721012 Of a thickness of less than 0.5 mm
721030 Electrolytically plated or coated with zinc
721049 Other
721050 Plated or coated with chromium oxides or with chromium and chromium oxides
721069 Other
721070 Painted, varnished or coated with plastics
721090 Other
7211 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, not clad, plated or coated.
721114 Other, of a thickness of 4.75 mm or more
7212 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, clad, plated or coated.
721220 Electrolytically plated or coated with zinc
721230 Otherwise plated or coated with zinc
721240 Painted, varnished or coated with plastics
721250 Otherwise plated or coated
7214 Other bars and rods of iron or nonalloy steel, not further worked than forged, hotrolled, hotdrawn or hotextruded, but including those twisted after rolling.
721420 Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
721491 Of rectangular (other than square) crosssection
721499 Other
7215 Other bars and rods of iron or nonalloy steel.
721550 Other, not further worked than coldformed or coldfinished
7216 Angles, shapes and sections of iron or nonalloy steel.
721621 L sections
721640 L or T sections, not further worked than hotrolled, hotdrawn or extruded, of a height of 80 mm or more
721661 Obtained from flatrolled products
721669 Other
721691 Coldformed or coldfinished from flatrolled products
721699 Other
7217 Wire of iron or nonalloy steel.
721710 Not plated or coated, whether or not polished
721720 Plated or coated with zinc
721790 Other
7219 Flatrolled products of stainless steel, of a width of 600 mm or more.
721912 Of a thickness of 4.75 mm or more but not exceeding 10 mm
721921 Of a thickness exceeding 10 mm
721922 Of a thickness of 4.75 mm or more but not exceeding 10 mm
721931 Of a thickness of 4.75 mm or more
721932 Of a thickness of 3 mm or more but less than 4.75 mm
721933 Of a thickness exceeding 1 mm but less than 3 mm
721934 Of a thickness of 0.5 mm or more but not exceeding 1 mm
721990 Other
7220 Flatrolled products of stainless steel, of a width of less than 600 mm.
722020 Not further worked than coldrolled (coldreduced)
722090 Other
7222 Other bars and rods of stainless steel; angles, shapes and sections of stainless steel.
722211 Of circular crosssection
722219 Other
722220 Bars and rods, not further worked than coldformed or coldfinished
722230 Other bars and rods
722240 Angles, shapes and sections
7223 Wire of stainless steel.
722300 Wire of stainless steel.
7225 Flatrolled products of other alloy steel, of a width of 600 mm or more.
722511 Grainoriented
722530 Other, not further worked than hotrolled, in coils
722540 Other, not further worked than hotrolled, not in coils
722592 Otherwise plated or coated with zinc
7226 Flatrolled products of other alloy steel, of a width of less than 600 mm.
722611 Grainoriented
722691 Not further worked than hotrolled
722692 Not further worked than coldrolled (coldreduced)
7227 Bars and rods, hotrolled, in irregularly wound coils, of other alloy steel.
722710 Of high speed steel
722790 Other
7228 Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or nonalloy steel.
722830 Other bars and rods, not further worked than hotrolled, hotdrawn or extruded
722840 Other bars and rods, not further worked than forged
722860 Other bars and rods
722870 Angles, shapes and sections
722880 Hollow drill bars and rods
7229 Wire of other alloy steel.
722920 Of silicomanganese steel
722990 Other

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