Excise Tariff Amendment Act  (No. 1) 1998

No. 64, 1998

Excise Tariff Amendment Act  (No. 1) 1998

No. 64, 1998

An Act to amend the Excise Tariff Act 1921, and for related purposes

Contents

1 Short title..................................1

2 Commencement..............................1

3 Schedule(s).................................2

Schedule 1—Amendment of the Excise Tariff Act 1921 3

Excise Tariff Amendment Act  (No. 1) 1998

No. 64, 1998

An Act to amend the Excise Tariff Act 1921, and for related purposes

[Assented to 30 June 1998]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Excise Tariff Amendment Act (No. 1) 1998.

2  Commencement

 (1) Subject to subsections (2) to (5), this Act commences on the day on which it receives the Royal Assent.

 (2) The amendments of the Excise Tariff Act 1921 made by items 1 and 2 of Schedule 1 to this Act are taken to have commenced at the time of the commencement of the Excise Tariff (Fuel Rates Amendments) Act 1997.

 (3) The amendment of the Excise Tariff Act 1921 made by item 4 of Schedule 1 to this Act is taken to have commenced on 3 July 1997.

 (4) The amendments of the Excise Tariff Act 1921 made by items 5 and 6 of Schedule 1 to this Act are taken to have commenced immediately after the commencement of the Excise Tariff (Fuel Rates Amendments) Act 1997.

 (5) The amendments of the Excise Tariff Act 1921 made by items 7 to 14 of Schedule 1 to this Act are taken to have commenced immediately after the commencement of the Excise Tariff Amendment Act (No. 4) 1997.

3  Schedule(s)

  Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Amendment of the Excise Tariff Act 1921

1  After subsection 3(1)

Insert:

 (1A) For the avoidance of doubt, it is declared to be the intention of the Parliament that if:

 (a) a particular area was, for the purposes of this Act as in force immediately before the date fixed by Proclamation for the commencement of this Act, an exempt onshore field; and

 (b) with effect from that date that area became an onshore field for the purposes of that Act as in force at that date;

then, in calculating the first 4767.3 megalitres of stabilised crude petroleum oil produced from that particular onshore field for the purposes of the definition of pre-threshold onshore oil, all oil that was, before that date, exempt onshore oil produced from that exempt onshore field is to be taken into account.

2  Subsection 3A(1)

Omit “exempt onshore field”, substitute “onshore field”.

3  Interpretation provisions in, and relating to, the Schedule

Omit:

substitute:

4  Subparagraph 11(A)(3)(a) of the Schedule

Repeal the subparagraph, substitute:

5  Subparagraph 11(H)(1)(a) of the Schedule

Repeal the subparagraph, substitute:

6  Subparagraph 11(H)(2)(a) of the Schedule

Repeal the subparagraph, substitute:

7  After subparagraph 11(B)(2)(c) of the Schedule

Insert:

8  After subparagraph 11(C)(2)(b) of the Schedule

Insert:

9  After paragraph 11(E)(3) of the Schedule

Insert:

10  After paragraph 11(F)(3) of the Schedule

Insert:

11  After paragraph 11(G)(4) of the Schedule

Insert:

12  After subparagraph 11(H)(2)(d) of the Schedule

Insert:

13  After subparagraph 11(I)(3)(c) of the Schedule

Insert:

14  After subparagraph 11(J)(2)(c) of the Schedule

Insert:

[Minister's second reading speech made in—

House of Representatives on 8 April 1998

Senate on 28 May 1998]

(53/98)