Commonwealth Numbered Regulations

EXCISE REGULATIONS (AMENDMENT) 1997 No. 384 - REG 5

5.1 After regulation 52G, insert: Amount of remission, rebate or refund for
certain petroleum products used in gas turbines

"52GA. (1) The amount of remission, rebate or refund of excise duty on fuel
referred to in paragraphs 50 (1) (zi) and (zj) is the amount worked out using
the formula:

volume x (primary rate - secondary rate)

where:
'volume' means the volume, in litres, of the fuel;
'primary rate' means the rate of excise duty applicable to goods classified to
subparagraph 11 (B) (1) (a) in the Schedule to the Excise Tariff Act 1921;
'secondary rate' means the rate of excise duty applicable to goods classified
to subparagraph 11 (B) (1) (b) in that Schedule.

"(2) To calculate the amount of any rebate or refund under subregulation (1),
the amount of the rebate or refund is based on the primary rate and the
secondary rate applicable:

   (a)  at the date on which the fuel was entered for home consumption; or

   (b)  if the date referred to paragraph (a) is not known, at the date on
        which the fuel was purchased by the applicant for the rebate or
        refund.".