Excise and Customs Legislation Amendment (Streamlining Administration) Regulations 2024 (F2024L00728)

Schedule 1   Amendments

Part 1   Main amendments

Excise Regulation 2015

11   At the end of section 12

Add:

Refund amount for recovered fuel vapour

(4) For item 1A of the table in subsection (2), the amount of refund that is payable to a person is equal to the sum of:

(a) the amount of that duty that was paid on the quantity of goods classified to subitems 10.5, 10.6 and 10.7 of the Schedule to the Excise Tariff Act 1921; and

(b) the amount of that duty that was paid on so much of the quantity of goods classified to subitems 10.10 and 10.12 of the Schedule to the Excise Tariff Act 1921 as does not exceed twice the quantity of goods mentioned in paragraph (a) of this subsection;

multiplied by 0.0006442.

Example: If excise duty was paid on 100,000 litres of gasoline (subitem 10.5) and 500,000 litres of diesel (subitem 10.10), and an application for a refund is made, the refund amount is the amount of duty that was paid on 100,000 litres of gasoline and 200,000 litres of diesel, multiplied by 0.0006442.