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This is a Bill, not an Act. For current law, see the Acts databases.
2002-2003
The Parliament of
the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
Excise
Tariff Amendment Bill (No. 1) 2003
No.
, 2003
(Treasury)
A
Bill for an Act to amend the Excise Tariff Act 1921, and for related
purposes
Contents
Excise Tariff Act
1921 3
A Bill for an Act to amend the Excise Tariff Act
1921, and for related purposes
The Parliament of Australia enacts:
This Act may be cited as the Excise Tariff Amendment Act (No. 1)
2003.
This Act is taken to have commenced on 18 September 2002.
Each Act that is specified in a Schedule to this Act is amended or
repealed as set out in the applicable items in the Schedule concerned, and any
other item in a Schedule to this Act has effect according to its
terms.
1 Subsection 6G(1) (paragraph (a) of the
definition of previously paid duties)
Omit “2,”.
2 Subsection 6G(2)
Repeal the subsection, substitute:
(2) Duty payable under this Act on an excisable blended petroleum product
for use as fuel in an internal combustion engine and containing a blend
of:
(a) goods that are classified to item 11 or 12 of the Schedule
and:
(i) that are for use as fuel in an internal combustion engine, but not for
use as fuel in aircraft; and
(ii) if the goods have a lead content—that do not have a lead
content exceeding 13 milligrams per litre; and
(b) goods that are classified to item 11 of the Schedule as denatured
ethanol for use as fuel in an internal combustion engine;
with or without other substances, is worked out using the
formula:
where:
blending rate means the maximum excise duty rate applicable
to gasoline classified to item 11 of the Schedule and having a lead content
not exceeding 13 milligrams per litre.
excise equivalent rate means so much of the rate of Customs
duty applicable to goods on their importation into Australia as is equivalent to
the rate of excise duty that would be payable on those goods if produced in
Australia.
previously paid duties means the sum of the following (worked
out in accordance with subsection (4), if applicable):
(a) the excise duties (if any) that have already been paid on the goods
that are constituent elements of the excisable blended petroleum product and
that are classified to item 11, 12 or 15 of the Schedule;
(b) to the extent that Customs duties have been paid on imported goods
that are constituent elements of the excisable blended petroleum product and
that would have been classified to item 11, 12 or 15 of the Schedule if
produced in Australia—so much of the Customs duties paid on those imported
goods as represents the application of the excise equivalent rate in relation to
those imported goods.
volume means the volume of the excisable blended petroleum
product.
3 Paragraph 6G(4)(b)
Omit “2,”.
4 Paragraph 6G(4)(c)
After “11”, insert “, 12”.
5 Schedule (subitem 2(R))
Repeal the subitem.
6 Item 11 of the Schedule (at the end of
paragraphs (a) and (b) of the description of goods covered by the
item)
Add “and”.
7 Item 11 of the Schedule (at the end of the
description of goods covered by the item)
Add:
|
|
; and (e) denatured ethanol for use as fuel in an internal combustion
engine. |
|
8 At the end of item 11 of the
Schedule
Add:
|
(K) |
Denatured ethanol for use as fuel in an internal combustion
engine |
$0.38143 per litre |