Australian Parliamentary Library Bills Digests Australian Parliamentary Library Bills Digests[Index] [Search] [Download] [Bill] [Help]
WARNING:
This Digest was prepared for debate. It reflects the legislation as introduced
and does not canvass subsequent amendments. This Digest does not have
any official legal status. Other sources should be consulted to determine
the subsequent official status of the Bill.
CONTENTS
Passage History
Purpose
Background
Main Provisions
Contact Officer & Copyright Details
Excise Tariff Amendment (Product Stewardship for Waste Oil) Bill 2000
House: House of Representatives
Commencement: The Bill commences on Royal Assent. However, the operative part of the Bill (Schedule 1) commences on the same day as Part 2 of the Product Stewardship (Oil) Bill 2000.
To amend the Excise Tariff Act 1921 to introduce a five cent a litre / a kilogram excise on domestically produced lubricant-type oils.
The proposed excise will assist in funding payments to eligible companies recycling waste oil under the Product Stewardship Oil scheme.
For further background, readers are referred to the Bills Digest No. 36, 2000-01 on the Product Stewardship (Oil) Bill 2000.
Under the existing taxation regime, domestically produced lubricant-type oils are not subject to excise. Schedule 1 amends various aspects of the Schedule to the Excise Tariff Act 1921 with the effect that these oils will be subject to a 5 cent a litre / a kilogram excise.
Angus Martyn
11 September 2000
Bills Digest Service
Information and Research Services
This paper has been prepared for general distribution to Senators and Members of the Australian Parliament. While great care is taken to ensure that the paper is accurate and balanced, the paper is written using information publicly available at the time of production. The views expressed are those of the author and should not be attributed to the Information and Research Services (IRS). Advice on legislation or legal policy issues contained in this paper is provided for use in parliamentary debate and for related parliamentary purposes. This paper is not professional legal opinion. Readers are reminded that the paper is not an official parliamentary or Australian government document.
ISSN 1328-8091
© Commonwealth of Australia 2000
Except to the extent of the uses permitted under the Copyright Act 1968, no part of this publication may be reproduced or transmitted in any form or by any means, including information storage and retrieval systems, without the prior written consent of the Parliamentary Library, other than by Members of the Australian Parliament in the course of their official duties.
Published by the Department of the Parliamentary Library, 2000.