FUEL TAX ACT 2006 (NO. 72, 2006)

Contents

Chapter 1—Introduction 2

Part 1‑1—Preliminary 2

Division 1—Preliminary 2

Subdivision 1‑A—Preliminary 2

1‑5......... Short title............................................................................................ 2

1‑10....... Commencement.................................................................................. 2

1‑15....... States and Territories are bound by the fuel tax law.......................... 2

Part 1‑2—Using this Act 3

Division 2—Overview and purpose of the fuel tax law 3

Subdivision 2‑A—Overview and purpose of the fuel tax law 3

2‑1......... Overview and purpose of the fuel tax law.......................................... 3

Division 3—Explanation of the use of defined terms 4

Subdivision 3‑A—Explanation of the use of defined terms 4

3‑1......... When defined terms are identified...................................................... 4

3‑5......... When terms are not identified............................................................. 4

3‑10....... Identifying the defined term in a definition........................................ 5

Division 4—Status of Guides and other non‑operative material 6

Subdivision 4‑A—Status of Guides and other non‑operative material 6

4‑1......... Non‑operative material....................................................................... 6

4‑5......... Guides................................................................................................. 6

4‑10....... Other material..................................................................................... 7

Chapter 3—Fuel tax credits 8

Part 3‑1—Basic rules 8

Division 40—Object of this Chapter 8

Subdivision 40‑A—Object of this Chapter 8

40‑5....... Object of this Chapter........................................................................ 8

Division 41—Fuel tax credits for business taxpayers and non‑profit bodies 9

Guide to Division 41 9

41‑1....... What this Division is about................................................................ 9

Subdivision 41‑A—Entitlement rules for fuel tax credits 10

41‑5....... Fuel tax credit for fuel to be used in carrying on your enterprise..... 10

41‑10..... Fuel tax credit for fuel to be sold or packaged.................................. 11

Subdivision 41‑B—Disentitlement rules for fuel tax credits 11

41‑15..... No fuel tax credit if another entity was previously entitled to a credit 11

41‑20..... No fuel tax credit for fuel to be used in light vehicles on a public road 12

41‑25..... No fuel tax credit for fuel to be used in motor vehicles that do not meet environmental criteria 12

41‑30..... No fuel tax credit for fuel to be used in aircraft................................ 13

Division 42—Fuel tax credit for non‑business taxpayers 14

Guide to Division 42 14

42‑1....... What this Division is about.............................................................. 14

Subdivision 42‑A—Fuel tax credit for non‑business taxpayers 14

42‑5....... Fuel tax credit for fuel to be used in generating electricity for domestic use 14

Division 43—Working out your fuel tax credit 15

Guide to Division 43 15

43‑1....... What this Division is about.............................................................. 15

Subdivision 43‑A—Working out your fuel tax credit 15

43‑5....... Working out your fuel tax credit....................................................... 15

43‑10..... Reducing the amount of your fuel tax credit..................................... 17

Division 44—Increasing and decreasing fuel tax adjustments 19

Guide to Division 44 19

44‑1....... What this Division is about.............................................................. 19

Subdivision 44‑A—Increasing and decreasing fuel tax adjustments 19

44‑5....... Increasing and decreasing fuel tax adjustments for change of circumstances 20

44‑10..... Increasing fuel tax adjustment for failure to use or make a taxable supply of fuel 20

Part 3‑3—Special rules 22

Division 45—Greenhouse Challenge Plus Programme 22

Guide to Division 45 22

45‑1....... What this Division is about.............................................................. 22

Subdivision 45‑A—Greenhouse Challenge Plus Programme 22

45‑5....... Certain entities to be members of Greenhouse Challenge Plus Programme 22

Division 46—Instalment taxpayers 24

Guide to Division 46 24

46‑1....... What this Division is about.............................................................. 24

Subdivision 46‑A—Instalment taxpayers 24

46‑5....... Instalment taxpayers........................................................................ 24

Chapter 4—Common rules 26

Part 4‑1—Net fuel amounts 26

Division 60—Net fuel amounts 26

Guide to Division 60 26

60‑1....... What this Division is about.............................................................. 26

Subdivision 60‑A—Net fuel amounts 26

60‑5....... Working out your net fuel amount.................................................... 26

Division 61—Returns, refunds and payments 28

Guide to Division 61 28

61‑1....... What this Division is about.............................................................. 28

Subdivision 61‑A—Returns, refunds and payments 28

61‑5....... Entitlement to a refund..................................................................... 28

61‑10..... Requirement to pay a net fuel amount............................................. 29

61‑15..... When you must give the Commissioner your return........................ 29

61‑20..... Fuel tax return periods...................................................................... 30

Part 4‑2—Attribution rules 31

Division 65—Attribution rules 31

Guide to Division 65 31

65‑1....... What this Division is about.............................................................. 31

Subdivision 65‑A—Attribution rules 31

65‑5....... Attribution rules for fuel tax credits................................................. 32

65‑10..... Attribution rules for fuel tax adjustments........................................ 33

Part 4‑3—Special rules about entities 34

Division 70—Special rules about entities 34

Guide to Division 70 34

70‑1....... What this Division is about.............................................................. 34

Subdivision 70‑A—Special rules about entities and how they are organised 34

70‑5....... Application of fuel tax law to GST groups and joint ventures........ 35

70‑10..... Entry and exit history rules.............................................................. 35

70‑15..... Consolidating joint venture returns.................................................. 36

70‑20..... Application of fuel tax law to religious practitioners....................... 36

70‑25..... Application of fuel tax law to incapacitated entities........................ 36

70‑30..... Application of fuel tax law to GST branches, resident agents and non‑profit sub‑entities 36

Subdivision 70‑B—Government entities 37

70‑35..... Application of fuel tax law to government entities.......................... 37

Part 4‑4—Anti‑avoidance 38

Division 75—Anti‑avoidance 38

Guide to Division 75 38

75‑1....... What this Division is about.............................................................. 38

Subdivision 75‑A—Application of this Division 38

75‑5....... When does this Division operate?.................................................... 39

75‑10..... When does an entity get a fuel tax benefit from a scheme?............... 39

75‑15..... Matters to be considered in determining purpose or effect.............. 40

Subdivision 75‑B—Commissioner may negate effects of schemes for fuel tax benefits 42

75‑40..... Commissioner may negate avoider’s fuel tax benefits...................... 42

75‑45..... Commissioner may reduce an entity’s net fuel amount to compensate 42

75‑50..... Refund payable in accordance with declaration................................ 44

75‑55..... Commissioner may disregard scheme in making declarations........... 44

75‑60..... One declaration may cover several tax periods or fuel tax return periods 44

75‑65..... Commissioner must give copy of declaration to entity affected...... 44

Part 4‑5—Miscellaneous 46

Division 95—Miscellaneous 46

Guide to Division 95 46

95‑1....... What this Division is about.............................................................. 46

Subdivision 95‑A—Miscellaneous 46

95‑5....... Determination of blends that no longer constitute fuels................... 46

95‑10..... Application of this law to the Commonwealth................................ 47

95‑100... Regulations....................................................................................... 47

Chapter 5—Interpretation 49

Part 5‑1—Rules for interpreting this Act 49

Division 105—Rules for interpreting this Act 49

Subdivision 105‑A—Rules for interpreting this Act 49

105‑1..... What forms part of this Act............................................................. 49

105‑5..... What does not form part of this Act................................................ 50

105‑10... Guides, and their role in interpreting this Act.................................. 50

Part 5‑3—Dictionary 51

Division 110—Dictionary 51

Subdivision 110‑A—Dictionary 51

110‑5..... Dictionary......................................................................................... 51

Commonwealth Numbered Acts

FUEL TAX ACT 2006 (NO. 72, 2006) - NOTES