Excise Tariff Amendment (Ethanol and Biodiesel) Act 2015 (82 of 2015)
Schedule 1 Amendments
Excise Tariff Act 1921
4 After section 6G
Insert:
6H Rate of duty payable on denatured ethanol
(1) For the purposes of subitem 10.20 of the Schedule, the rate of duty is the following rate rounded to 3 decimal places (rounding up if the next decimal place is 5 or more):
|
Rate for denatured ethanol for use as fuel in an internal combustion engine |
||
|---|---|---|
|
Item |
For the financial year starting on: |
the rate is the rate per litre equal to this percentage of the rate in subitem 10.5 of the Schedule: |
|
1 |
1 July 2015 |
0% |
|
2 |
1 July 2016 |
6.554% |
|
3 |
1 July 2017 |
13.108% |
|
4 |
1 July 2018 |
19.662% |
|
5 |
1 July 2019 |
26.216% |
|
6 |
1 July 2020 or a later 1 July |
32.770% |
Note: The rate in subitem 10.5 of the Schedule is the rate for gasoline (other than for use as fuel in aircraft).
(2) A rate of duty worked out using a table item in subsection (1) applies to goods manufactured or produced in Australia during a financial year referred to in that item, and goods for which all the following conditions are met:
(a) the goods were manufactured or produced in Australia before a financial year referred to in that item;
(b) at the start of that financial year, the goods were either:
(i) subject to the CEO's control; or
(ii) in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods;
(c) no duty of excise had been paid on the goods before that financial year.
This subsection has effect despite subsection 5(2).
6J Rate of duty payable on biodiesel
Rate of duty
(1) For the purposes of subitem 10.21 of the Schedule, the rate of duty is the following rate rounded to 3 decimal places (rounding up if the next decimal place is 5 or more):
|
Rate for biodiesel |
||
|---|---|---|
|
Item |
For the financial year starting on: |
the rate is the rate per litre equal to this percentage of the rate in subitem 10.10 of the Schedule: |
|
1 |
1 July 2015 |
0% |
|
2 |
1 July 2016 |
3.333% |
|
3 |
1 July 2017 |
6.667% |
|
4 |
1 July 2018 |
10% |
|
5 |
1 July 2019 |
13.333% |
|
6 |
1 July 2020 |
16.667% |
|
7 |
1 July 2021 |
20% |
|
8 |
1 July 2022 |
23.333% |
|
9 |
1 July 2023 |
26.667% |
|
10 |
1 July 2024 |
30% |
|
11 |
1 July 2025 |
33.333% |
|
12 |
1 July 2026 |
36.667% |
|
13 |
1 July 2027 |
40% |
|
14 |
1 July 2028 |
43.333% |
|
15 |
1 July 2029 |
46.667% |
|
16 |
1 July 2030 or a later 1 July |
50% |
Note: The rate in subitem 10.10 of the Schedule is the rate for diesel.
(2) A rate of duty worked out using a table item in subsection (1) applies to goods manufactured or produced in Australia during a financial year referred to in that item, and goods for which all the following conditions are met:
(a) the goods were manufactured or produced in Australia before a financial year referred to in that item;
(b) at the start of that financial year, the goods were either:
(i) subject to the CEO's control; or
(ii) in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods;
(c) no duty of excise had been paid on the goods before that financial year.
This subsection has effect despite subsection 5(2).