Excise Tariff Amendment (Tobacco Duty Harmonisation) Act 2017 (80 of 2017)

Schedule 1   Amendments

Excise Tariff Act 1921

4   After section 6AA

Insert:

6AAB Tobacco duty rate under subitem 5.5 of the Schedule

(1) For the purposes of subitem 5.5 of the Schedule, the applicable rate on a day is the amount worked out using the formula:

(2) The weight conversion factor is:

(a) for a day on or after the first replacement day and before the second replacement day - 0.000775; or

(b) for a day on or after the second replacement day and before the third replacement day - 0.00075; or

(c) for a day on or after the third replacement day and before the fourth replacement day - 0.000725; or

(d) for a day on or after the fourth replacement day - 0.0007.

Rounding

(3) The amount worked out under subsection (1) is to be rounded to 2 decimal places (rounding up if the third decimal place is 5 or more).

Replacement days

(4) For the purposes of this section, the first replacement day is:

(a) 1 September 2017; or

(b) if, in relation to the indexation day that is 1 September 2017, subsection 6AA(7) has the effect of replacing a rate of duty on a later day - that later day.

(5) For the purposes of this section, the second replacement day is:

(a) 1 September 2018; or

(b) if, in relation to the indexation day that is 1 September 2018, subsection 6AA(7) has the effect of replacing a rate of duty on a later day - that later day.

(6) For the purposes of this section, the third replacement day is:

(a) 1 September 2019; or

(b) if, in relation to the indexation day that is 1 September 2019, subsection 6AA(7) has the effect of replacing a rate of duty on a later day - that later day.

(7) For the purposes of this section, the fourth replacement day is:

(a) 1 September 2020; or

(b) if, in relation to the indexation day that is 1 September 2020, subsection 6AA(7) has the effect of replacing a rate of duty on a later day - that later day.

Application of applicable rate

(8) If the applicable rate changes on a particular day, the changed rate applies in relation to goods entered for home consumption on or after that day.

Publication

(9) The CEO must, on or as soon as practicable after the day the rate of duty set out in subitem 5.1 of the Schedule is replaced under section 6AA, publish a notice in the Gazette advertising:

(a) the rate of duty under subitem 5.5 of the Schedule on that day; and

(b) the goods to which subitem 5.5 of the Schedule applies.