Commonwealth Consolidated Acts

CUSTOMS TARIFF ACT 1995 - SECT 19AABA

Temporary rate reduction

  (1)   Despite any other provision of this Act, a fuel duty rate on a day in a rate reduction period is a rate equal to 50% of the fuel duty rate that would have applied on that day apart from this section (including because of the operation of section   19).

Note:   For fuel duty rate , see section   19AAC and for rate reduction period , see subsection   (6).

  (2)   An amount worked out under subsection   (1) is to be rounded to 3 decimal places (rounding up if the next decimal place is 5 or more).

  (3)   A fuel duty rate that applies under subsection   (1) in relation to a rate reduction period applies to:

  (a)   goods imported into Australia on or after the start of that period; and

  (b)   goods imported into Australia before the start of that period, where the time for working out the rate of import duty on the goods had not occurred before the start of that period.

Restoration of rates

  (4)   This Act has effect as if, on 29   September 2022, each fuel duty rate is a rate equal to the fuel duty rate that would have applied on the August adjustment day apart from subsection   (1) (including because of the operation of section   19).

Note 1:   For August adjustment day , see subsection   (7).

Note 2:   A rate that applies under this subsection is subject to later indexation under section   19.

  (5)   A fuel duty rate that applies under subsection   (4) applies to:

  (a)   goods imported into Australia on or after 29   September 2022; and

  (b)   goods imported into Australia before 29   September 2022, where the time for working out the rate of import duty on the goods had not occurred before 29   September 2022.

Definitions

  (6)   Each of the following is a rate reduction period :

  (a)   the period beginning on 30   March 2022 and ending at the end of the day before the August adjustment day;

  (b)   the period beginning on the August adjustment day and ending at the end of 28   September 2022.

  (7)   The August adjustment day is the following:

  (a)   1   August 2022, unless paragraph   (b) applies;

  (b)   if, in relation to the indexation day that is 1   August 2022, the replacement under section   19 of a rate of duty happens on another day in accordance with subsection   19(5)--that other day.