delete Customs (Prohibited Exports) Regulations (Amendment)
The instrument amends the Customs (Prohibited Exports) Regulations to modify the list of goods prohibited from export, likely adding new items or tightening restrictions in response to policy or international obligations.
Export restrictions reduce prosperity by limiting voluntary trade, raise compliance costs for businesses, and often fail to achieve their goals due to black markets and displacement. The unseen cost is the lost opportunity for Australian producers to compete globally and the stifling of innovation and specialization.