Fuel Tax Act 2006

CHAPTER 4 - COMMON RULES  

PART 4-2 - ATTRIBUTION RULES  

Division 65 - Attribution rules  

Subdivision 65-A - Attribution rules  

SECTION 65-5   ATTRIBUTION RULES FOR FUEL TAX CREDITS  

65-5(1)   Attribution rules for fuel you acquire or import  

If you are *registered for GST, or *required to be registered for GST, your fuel tax credit for taxable fuel that you acquire or import is attributable to:

(a) the same *tax period that your *input tax credit for the fuel is attributable to under the *GST Act; or

(b) the same tax period that an input tax credit would have been attributable to under that Act if the fuel had been a *creditable acquisition or a *creditable importation.

65-5(2)    
If you are neither *registered for GST, nor *required to be registered for GST, your fuel tax credit for taxable fuel that you acquire or import is attributable to the *fuel tax return period in which you acquire or import the fuel.

65-5(3)   Attribution rule for fuel you manufacture  

Your fuel tax credit for taxable fuel that you manufacture is attributable to the *tax period or *fuel tax return period in which the fuel was entered for home consumption (within the meaning of the Excise Act 1901 ).

65-5(4)   Later attribution rule for fuel tax credits  

If your return for a *tax period or *fuel tax return period does not take into account a fuel tax credit that is attributable to the period mentioned in subsection (1), (2) or (3), then the credit:

(a) ceases to be attributable to that period; and

(b) becomes attributable to the first period for which you give the Commissioner a return that does take it into account.

Note:

For another attribution rule for fuel tax credits, see subsection 46-5(4) (GST instalment taxpayers).

65-5(5)    
(Repealed by No 42 of 2009 )