EXCISE TARIFF ACT 1921
For the purposes of subitem 10.20 of the Schedule, the rate of duty is the following rate rounded to 3 decimal places (rounding up if the next decimal place is 5 or more):
| Rate for denatured ethanol for use as fuel in an internal combustion engine | ||
| Item | For the financial year starting on: | the rate is the rate per litre equal to this percentage of the rate in subitem 10.5 of the Schedule: |
| 1 | 1 July 2015 | 0% |
| 2 | 1 July 2016 | 6.554% |
| 3 | 1 July 2017 | 13.108% |
| 4 | 1 July 2018 | 19.662% |
| 5 | 1 July 2019 | 26.216% |
| 6 | 1 July 2020 or a later 1 July | 32.770% |
Note:
The rate in subitem 10.5 of the Schedule is the rate for gasoline (other than for use as fuel in aircraft). That rate is indexed under section 6A .
Hide history note
View history noteS 6H(1) amended by No 101 of 2015, s 3 and Sch 2 item 3, by inserting " That rate is indexed under section 6A. " at the end of the note, effective 1 July 2015.
6H(2)
A rate of duty worked out using a table item in subsection (1) applies to goods manufactured or produced in Australia during a financial year referred to in that item, and goods for which all the following conditions are met:
(a) the goods were manufactured or produced in Australia before a financial year referred to in that item;
(b) at the start of that financial year, the goods were either:
(i) subject to the CEO ' s control; or
(ii) in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods;
(c) no duty of excise had been paid on the goods before that financial year.
This subsection has effect despite subsection 5(2) .
S 6H inserted by No 82 of 2015, s 3 and Sch 1 item 4, effective 1 July 2015.
Former s 6H repealed by No 81 of 2012, s 3 and Sch 1 item 5, effective 1 July 2012. S 6H formerly read:
SECTION 6H Changes in rate of duty on carbon-rated compressed natural gas
6H(1)
This Act has effect as if, on each day (the
substitution day
) that is one of the following days, the rate (the
replacement rate
) of duty worked out under subsection (2) for the substitution day were substituted for the rate of duty in subitem 10.19D of the
Schedule
:
(a)
1 July in 2013 and each later year;
(b)
1 January in 2016 and each later year.
Replacement rate
6H(2)
The replacement rate for the substitution day is the rate worked out using the table.
Replacement rate
Substitution day
Rate of duty
1
1 July 2013
$0.07004 per kilogram
2
1 July 2014
$0.07366 per kilogram
3
1 July in 2015 or a later year or 1 January in 2016 or a later year
The amount that is:
(a) worked out for the period using the formula in subsection (3); and
(b) rounded to 5 decimal places (rounding up if the sixth decimal place is 5 or more);
per kilogram
6H(3)
The formula is:
Average carbon unit auction price for the substitution day × 0.0029
Note:
Average carbon unit auction price is defined in subsection 3(1) .
Application of replacement rate
6H(4)
The replacement rate applies to carbon-rated compressed natural gas that is entered for home consumption on or after the substitution day (but before the next substitution day).
Publication of replacement rate
6H(5)
The CEO must, on or as soon as practicable after the substitution day, publish for the information of the public a notice in the Gazette setting out:
(a) the replacement rate; and
(b) the goods to which the replacement rate applies.
6H(6)
The CEO must ensure that a copy of a notice under subsection (5) is available on the website of the Australian Taxation Office.
Former s 6H inserted by No 156 of 2011, s 3 and Sch 2 item 4, effective 1 July 2012.
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