Customs 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

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

No. , 2001

(Mr Charles)

A Bill for an Act to amend the Customs Tariff Act 1995, and for related purposes

ISBN: 0642 466564

Contents

A Bill for an Act to amend the Customs Tariff Act 1995, and for related purposes

The Parliament of Australia enacts:

1 Short title This Act may be cited as the Customs 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3 Schedule Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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 Customs Tariff Act 1995

1 After section 20

Insert

20A Reduction in rates of duty on certain petroleum products (1) If the House of Representatives passes a motion under section 6H of the Excise Tariff Act 1921 requiring a decrease in the rates of duty of certain petroleum products set out in that section, a further motion of which notice has been given, may be moved in the House of Representatives requiring that:

(a) the rates of customs duty 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 customs duty for avtur be reduced by 0.112 cents per litre;

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

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

from the same day as the decreases in excise.

(2) The subheadings of Schedule 3 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 customs duty on each subheading will be reduced by 1.5 cents per litre.

Table 1	Subheadings of Schedule 3 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	2707.10.00
2	2707.20.29
3	2707.20.89
4	2707.30.29
5	2707.30.89
6	2707.50.39
7	2707.50.89
8	2709.00.89
9	2710.00.15
10	2710.00.20
11	2710.00.39
12	2710.00.79
13	2710.00.89
14	2902.20.90
15	2902.30.90
16	2902.41.90
17	2902.42.90
18	2902.43.90
19	2902.44.90

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(3) The subheadings of Schedule 3 mentioned in Table 2 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 customs duty (other than the rate of 5%) on each subheading will be reduced by 1.5 cents per litre. The rate of 5% remains unchanged.

Table 2	Subheadings of Schedule 3 which will have their rates of duty (other than the rate of 5%) reduced by 1.5 cents per litre if the House of Representatives passes motion under subsection (1)
1	3817.10.90

(4) The subheadings of Schedule 3 mentioned in Table 3 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 customs duty on each subheading will be reduced by 1.5 cents per litre.

Table 3	Subheadings of Schedule 3 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	2710.00.72

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

Table 4	Subheadings of Schedule 3 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	2710.00.40

(6) The subheadings of Schedule 3 mentioned in Table 5 are goods of aviation gasoline. If the House of Representatives passes a motion under subsection (1) the rates of customs duty on each subheading will be reduced by 0.110 cents per litre.

Table 5	Subheadings of Schedule 3 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	2710.00.71

(7) The subheadings of Schedule 3 mentioned in Table 6 are goods of petroleum products attracting concessional rates of duty. If the House of Representatives passes a motion under subsection (1) the rates of customs duty on each subheading will be reduced by 0.297 cents per litre.

Table 6	Subheadings of Schedule 3 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	2709.00.81
2	2710.00.14
3	2710.00.33
4	2710.00.34
5	2710.00.60
6	2710.00.83
7	2710.00.84

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