EXCISE TARIFF ACT 1921
Temporary rate reduction
6K(1)
Despite any other provision of this Act, each CPI indexed fuel rate is, during a rate reduction period, a rate equal to the following percentage of the rate that it would have been during that period apart from this section (including because of the operation of section 6A): (a) 50%, unless paragraph (b) applies; (b) if the Treasurer determines a lower percentage under subsection (5) - that lower percentage.
Note:
For CPI indexed fuel rate and rate reduction period , see subsection (6) .
View history note
Hide history note6K(2)
An amount worked out under subsection (1) is to be rounded to 3 decimal places (rounding up if the next decimal place is 5 or more).
6K(3)
A CPI indexed fuel rate that applies under subsection (1) during a rate reduction period applies to: (a) goods manufactured or produced in Australia during that period; and (b) goods manufactured or produced in Australia before the start of that period if:
(i) at the start of the period, the goods were either subject to the CEO ' s control, or were in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods; and
(ii) no duty of excise had been paid on the goods before the start of the period.
6K(4)
Subsection (3) has effect despite subsection 5(2) .
6K(5)
The Treasurer may, by legislative instrument, determine a percentage for the purposes of paragraph (1)(b) .
Definitions
6K(6)
In this section:
CPI indexed fuel rate
means a rate covered by paragraph (b) or (c) of the definition of
CPI indexed rate
in subsection
6A(10)
.
rate reduction period
means the period beginning on 1 April 2026 and ending on 30 June 2026.
6K(7)
(Repealed by No 22 of 2026)
6K(8)
(Repealed by No 22 of 2026)
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
