Fuel Tax Act 2006

CHAPTER 3 - FUEL TAX CREDITS  

PART 3-1 - BASIC RULES  

Division 44 - Increasing and decreasing fuel tax adjustments  

SECTION 44-1   WHAT THIS DIVISION IS ABOUT  

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Your entitlement to a fuel tax credit for taxable fuel is worked out on the basis of what the fuel is intended for when you acquire, manufacture or import the fuel.

If you use or supply the fuel differently, or you do not use or supply the fuel at all, you have an increasing or decreasing fuel tax adjustment.

Fuel tax adjustments are included in working out your net fuel amount under Division 60 . (Your assessed net fuel amount determines how much you owe the Commissioner or the Commissioner owes you.)

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History

S 44-1 amended by No 39 of 2012, s 3 and Sch 1 item 166, by substituting " assessed net fuel amount determines " for " net fuel amount determines " , applicable in relation to payments and refunds that relate to tax periods, and fuel tax return periods, starting on or after 1 July 2012; and also in relation to payments and refunds that: (a) do not relate to any tax periods or fuel tax return periods; and (b) relate to liabilities or entitlements that arose on or after 1 July 2012.

S 44-1 amended by No 42 of 2009 , s 3 and Sch 7 item 2, by repealing the note, effective 1 July 2009. For application provision, see note under former Div 45 heading. The note formerly read:

Note:

There is also a decreasing fuel tax adjustment under Division 45 (Greenhouse Challenge Plus Programme).

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