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EXCISE TARIFF ACT 1921 - SECT 6J

Rate of duty payable on biodiesel

Rate of duty

  (1)   For the purposes of subitem   10.21 of the Schedule, the rate of duty is the following rate rounded to 3 decimal places (rounding up if the next decimal place is 5 or more):

 

Rate for biodiesel

Item

For the financial year starting on:

the rate is the rate per litre equal to this percentage of the rate in subitem   10.10 of the Schedule:

1

1   July 2015

0%

2

1   July 2016

3.333%

3

1   July 2017

6.667%

4

1   July 2018

10%

5

1   July 2019

13.333%

6

1   July 2020

16.667%

7

1   July 2021

20%

8

1   July 2022

23.333%

9

1   July 2023

26.667%

10

1   July 2024

30%

11

1   July 2025

33.333%

12

1   July 2026

36.667%

13

1   July 2027

40%

14

1   July 2028

43.333%

15

1   July 2029

46.667%

16

1   July 2030 or a later 1   July

50%

Note:   The rate in subitem   10.10 of the Schedule is the rate for diesel. That rate is indexed under section   6A.

  (2)   A rate of duty worked out using a table item in subsection   (1) applies to goods manufactured or produced in Australia during a financial year referred to in that item, and goods for which all the following conditions are met:

  (a)   the goods were manufactured or produced in Australia before a financial year referred to in that item;

  (b)   at the start of that financial year, the goods were either:

  (i)   subject to the CEO's control; or

  (ii)   in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods;

  (c)   no duty of excise had been paid on the goods before that financial year.

This subsection has effect despite subsection   5(2).



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