Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)EXCISE TARIFF AMENDMENT (AVIATION FUEL REVENUES) BILL 1999 - NOTES ON CLAUSES
This clause provides for the Act to be cited as the Excise Tariff Amendment (Aviation Fuel Revenues) Act 1999 (Amendment Act).
Subclause (1) provides that ,subject to the effect of subclause (2), the Amendment Act commences on the day on which it receives the Royal Assent.
Subclause (2) provides that the items of Schedule 1, which deal with increases in excise duty on aviation kerosene and aviation gasoline, are taken to have commenced on 12 May 1999.
This clause is the formal enabling provision for the Schedule to the Amendment Act. It provides that each Act specified in the Schedule is amended or repealed as set out in the applicable items of the Schedule. The Act specified in the Schedule to the Amendment Act is the Excise Tariff Act 1921 . The clause also provides that the other items of the Schedule have effect according to their terms. This is a standard enabling clause for transitional, savings and application items in amending legislation. There are no such clauses in the Schedule to the Amendment Act.
SCHEDULE 1 - AMENDMENT OF THE EXCISE TARIFF ACT 1921 HAVING EFFECT FROM 12 MAY 1999
Item 1 - Subitem 11(A) of the Schedule to the Act
As part of 1999-2000 Budget, the Government decided to increase the excise payable on aviation kerosene to $0.02710/L, with effect from 12 May 1999.
This item provides for the repeal of the existing rate of excise duty payable on aviation kerosene, and the substitution of a new rate of $0.02710/L.
Item 2 - Subparagraph 11(H)(1)(a) of the Schedule to the Act
Item 3 - Subparagraph 11(H)(2)(a) of the Schedule to the Act
As part of 1999-2000 Budget, the Government decided to increase the excise payable on aviation gasoline (avgas) to $0.02710/L, with effect from 12 May 1999.
Item 2 provides for the repeal of the existing rate of excise duty payable on aviation gasoline, in packages not exceeding 210 litres, and the substitution of a new rate of $0.02710/L.
Item 3 provides for the repeal of the existing rate of excise duty payable on other aviation gasoline, and the substitution of a new rate of $0.02710/L.
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