Fuel Tax Act 2006
CHAPTER 3
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FUEL TAX CREDITS
PART 3-3
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SPECIAL RULES
Division 47
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Time limit on entitlements to fuel tax credits
Subdivision 47-A
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Time limit on entitlements to fuel tax credits
SECTION 47-5
TIME LIMIT ON ENTITLEMENTS TO FUEL TAX CREDITS
47-5(1)
You cease to be entitled to a fuel tax credit to the extent that it has not been taken into account, in an *assessment of a *net fuel amount of yours, during the period of 4 years after the day on which you were required to give to the Commissioner a return for the tax period or fuel tax return period to which the fuel tax credit would be attributable under subsection 65-5(1) , (2) or (3) .
47-5(2)
Without limiting subsection (1), you also cease to be entitled to a fuel tax credit for taxable fuel you acquire, manufacture or import, to the extent that you did not give to the Commissioner under section 61-15 during the period of 4 years after the day on which the acquisition, manufacture or importation occurred a return that takes the fuel tax credit into account.
View history note
Hide history noteYou cease to be entitled to a fuel tax credit to the extent that it has not been taken into account, in an *assessment of a *net fuel amount of yours, during the period of 4 years after the day on which you were required to give to the Commissioner a return for the tax period or fuel tax return period to which the fuel tax credit would be attributable under subsection 65-5(1) , (2) or (3) .
47-5(2)
Without limiting subsection (1), you also cease to be entitled to a fuel tax credit for taxable fuel you acquire, manufacture or import, to the extent that you did not give to the Commissioner under section 61-15 during the period of 4 years after the day on which the acquisition, manufacture or importation occurred a return that takes the fuel tax credit into account.
Note:
Section 47-10 sets out circumstances in which your entitlement to the fuel tax credit does not cease under this section.
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