Explanatory Memorandum
(Circulated by authority of the Minister for Resources and Energy, Senator the Hon Warwick Parer)Notes on Clauses
Clause 1: Short Title
6. Provides for the Act to be cited as the Petroleum Excise (Prices) Amendment Act 1997.
Clause 2: Commencement
7. This clause provides that the Act comes into operation on the first day of the next financial year to minimise administrative complexity.
Clause 3: Schedule
8. This clause 'activates' the items in the Schedule to amend or repeal the existing provisions of the Petroleum Excise (Prices) Act 1987.
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