S 43-11 repealed by No 83 of 2014, s 3 and Sch 1 item 126, applicable to taxable fuel acquired, manufactured or imported on or after 1 July 2014. S 43-11 formerly read:
SECTION 43-11 REDUCING THE AMOUNT OF YOUR FUEL TAX CREDIT: FUEL FOR USE IN AIRCRAFT
Fuel to which this section applies
43-11(1)
This section applies to taxable fuel that you acquire, manufacture or import for use in aircraft if the fuel is *covered by the Opt-in Scheme.
Reduction so that credits only cover carbon component rate of fuel tax
43-11(2)
The *amount of your fuel tax credit for the taxable fuel is reduced by the amount of fuel tax that would have been payable by you on the fuel if the carbon component rate that applied under whichever of sections
6FA
and
6FB
of the
Excise Tariff Act 1921
affected the rate of fuel tax on the fuel had instead been nil.
Note:
The reference to sections
6FA
and
6FB
of the
Excise Tariff Act 1921
includes a reference to those sections as they have effect in relation to rates of duties of customs because of section
19A
of the
Customs Tariff Act 1995
.
S 43-11 inserted by No 157 of 2011, s 3 and Sch 1 item 15, applicable to fuel acquired, manufactured or imported on or after 1 July 2012.
View history note
Hide history note