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Task 1

Theory exam

Assessment Instructions
Answer the questions below. Click in the space provided and type your answer.

Q1. List one example of DOMESTIC legislation that is important to be aware of when importing and exporting goods. Briefly describe the purpose of this legislation. (1.1)
AQIS (Australian Quarantine and Inspection Service) - AQIS’s import and export inspection and certification is essential to maintaining Australia’s highly favorable animal, plant and human health status and access to export markets. Quarantine controls at Australia’s borders minimize the risk of exotic pests and diseases to protect
Australia’s agriculture industries and environment.

Q2. List one example of an INTERNATIONAL convention relating to the importing and exporting of goods.
Briefly describe the purpose of this international convention. (1.1)
SPREP (South Pacific Regional Environment Programme) - The South Pacific Regional Environment Programme
(SPREP) is a regional organization established by the governments and administrations of the Pacific region to look after its environment. This is reflected in the Mission Statement of SPREP that calls on the organization,
“to promote co-operation in the South Pacific region and to provide assistance in order to protect and improve its environment and to ensure sustainable development for present and future generations."SPREP's members total 25, consisting of all 21 Pacific island countries and territories, and four developed countries with direct interests in the region: Australia, France, New Zealand and the United States of America.
Q3. What do the following international banking acronyms stand for? (1.1)
UCP = Uniform Customs and Practice
URC = Uniform Rules for Collections
URR = Uniform Rules for Bank-to-Bank Reimbursements
Q4. Briefly describe the difference between an international convention and a national law of a State ; indicate whether both are binding within that particular State. Deal with the situation where that

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