Federal Register of Legislation - Australian Government

Primary content

A Bill for an Act to amend the Excise Tariff Act 1921, and for related purposes
For authoritative information on the progress of bills and on amendments proposed to them, please see the House of Representatives Votes and Proceedings, and the Journals of the Senate as available on the Parliament House website.
Introduced HR 02 Apr 2001

Excise Tariff Amendment (Petrol Tax Cut) Bill (No. 2) 2001
First Reading

1998-1999-2000-2001

The Parliament of the

Commonwealth of Australia

HOUSE OF REPRESENTATIVES

Presented and read a first time

Excise Tariff Amendment (Petrol Tax Cut) Bill (No. 2) 2001

No. , 2001

(Mr Charles)

A Bill for an Act to amend the Excise Tariff Act 1921, and for related purposes

ISBN: 0642 466556

Contents

A Bill for an Act to amend the Excise Tariff Act 1921, and for related purposes

The Parliament of Australia enacts:

1 Short title This Act may be cited as the Excise Tariff Amendment (Petrol Tax Cut) Act (No. 2) 2001.

2 Commencement This Act commences on the day on which it receives the Royal Assent.

3 Schedule Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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 section 6G

Insert:

6H Reduction in rates of duty on certain petroleum products (1) If the House of Representatives passes a motion of which notice has been given, requiring that:

(a) the rates of excise for unleaded petrol, leaded petrol, diesel and other petroleum products that attract equivalent rates of duty be reduced by 1.5 cents per litre;

(b) the rate of excise for avtur be reduced by 0.112 cents per litre;

(c) the rate of excise for aviation gasoline be reduced by 0.110 cents per litre; and

(d) the rate of excise for petroleum products attracting concessional rates of duty be reduced by 0.297 cents per litre;

the decreases will take effect from the day on which the Ministerial Council agrees to the Commonwealth's proposal to retain a certain amount of revenue under section 10A of the A New Tax System (Commonwealth-State Financial Arrangements) Act 1999.

(2) The subitems of the Schedule mentioned in Table 1 are goods of unleaded petrol, diesel or other petroleum products that attract the equivalent rate of duty. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 1.5 cents per litre.

Table 1

Subitems of the Schedule which will have their rates of duty reduced by 1.5 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(B)(1)(a)

2

11(B)(2)(a)

3

11(B)(2)(d)

4

11(C)(1)(a)

5

11(C)(2)(a)

6

11(E)(1)

7

11(E)(4)

8

11(F)(1)

9

11(F)(4)

10

11(G)(2)

11

11(G)(5)

12

11(H)(1)(c)

13

11(H)(1)(d)

14

11(H)(2)(c)

15

11(H)(2)(f)

16

11(I)(1)(b)(ii)

17

11(I)(2)(a)

18

11(I)(3)(a)

19

11(I)(3)(d)

20

11(J)(1)(b)

21

11(J)(2)(b)


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(3) The subitems of the Schedule mentioned in Table 2 are goods of leaded petrol or other petroleum products that attract the equivalent rate of duty. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 1.5 cents per litre.

Table 2

Subitems of the Schedule which will have their rates of duty reduced by 1.5 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(H)(1)(b)

2

11(H)(2)(b)

3

11(H)(2)(e)

4

11(J)(1)(a)

5

11(J)(2)(a)

(4) The subitems of the Schedule mentioned in Table 3 are goods of avtur. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 0.112 cents per litre.

Table 3

Subitems of the Schedule which will have their rates of duty reduced by 0.112 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(A)

(5) The subitems of the Schedule mentioned in Table 4 are goods of aviation gasoline. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 0.110 cents per litre.

Table 4

Subitems of the Schedule which will have their rates of duty reduced by 0.110 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(H)(1)(a)

2

11(H)(2)(a)

(6) The subitems of the Schedule mentioned in Table 5 are goods of petroleum products attracting concessional rates of duty. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 0.297 cents per litre.

Table 5

Subitems of the Schedule which will have their rates of duty reduced by 0.297 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(B)(1)(b)

2

11(B)(2)(b)

3

11(D)

4

11(E)(2)

5

11(F)(2)

6

11(G)(3)

7

11(I)(2)(b)

8

11(I)(3)(b)

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