Explanatory Statement

Issued by the Authority of the Assistant Treasurer

Explanatory Statement

Products Grants and Benefits Administration Act 2000

Product Grants and Benefits Administration Amendment Regulations 2000 (No. 1)

Section 60 of the Product Grants and Benefits Administration Act 2000 (the Act) provides that the Governor-General may make regulations for the purposes of the Act.

Section 9 of the Act provides that a person may be registered for entitlement to a specific grant or benefit.

The purpose of the amendments is to prescribe registration requirements specific to the Product Stewardship (Oil) Scheme.

As part of "Measures for a Better Environment", announced by the Prime Minister on 28 May 1999, a decision was made to address the issue of waste oil by means of a product stewardship system.

The Product Stewardship (Oil) Act 2000, and consequential amendments to Excise and Customs legislation, obtained Royal Assent on 6 July 2000.

The Product Grants and Benefits Administration Act 2000 which provides the administrative framework for grants and benefits to be administered by the Commissioner of Taxation, was amended at this time to provide for the Product Stewardship (Oil) Scheme benefits. These amendments necessitated consequential Products Grants and Benefits Administration Regulation amendments to prescribe registration requirements specific to the Product Stewardship (Oil) Scheme.

Regulation 4A and 4B of the Products Grants and Benefits Administration Regulations 2000 (the Regulations) prescribe requirements for registration for a Product Stewardship (Oil) benefit.

Registration for Product Stewardship (Oil) Benefit is subject to the applicant providing the ATO applicant must also comply with relevant state and territory legislation relating to recycling operations.

The Regulations commence on 1 November 2000.