Clean Energy Legislation Amendment Act 2012 (84 of 2012)

Schedule 2   Amendments relating to gaseous fuel

Fuel Tax Act 2006

80   Section 43-1

After:

For fuel for use in aircraft that is covered by the Opt-in Scheme, the amount of the credit is reduced so that it is limited to the carbon component rate that was factored into the rate of fuel tax.

insert:

For gaseous fuel that is subject to the carbon pricing mechanism, the amount of the credit is the amount of the carbon charge that is embedded in the price of the fuel.