Federal Register of Legislation - Australian Government

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Determinations/Other as made
This determination provides for $557,000,000 to be credited to the Fuel Indexation (Road Funding) special account on 28 March 2019. This amount is equal to the fuel indexation amount for the 2017-18 financial year. The fuel indexation amount for a financial year is defined by subsection 9(2) of the Fuel Indexation (Road Funding) Special Account Act 2015 as, broadly, the net increase in revenue in that financial year resulting from the introduction of fuel indexation, after deducting any offsetting increases in tax credits, rebates and grants that also resulted from indexation.
Administered by: Treasury
Registered 21 Mar 2019
Tabling HistoryDate
Tabled HR02-Apr-2019
Tabled Senate02-Apr-2019

I, Zed Seselja, Assistant Minister for Treasury and Finance, make this determination under subsection 8 (1) of the Fuel Indexation (Road Funding) Special Account Act 2015.

Dated 19 March 2019

Zed Seselja                                               

Assistant Minister for Treasury and Finance

Parliamentary Secretary to the Treasurer


 

1.            Name of Determination

This determination is the Fuel Indexation (Road Funding) Special Account Determination 2019 (No. 1).

2.            Commencement

This determination commences on the day on which it is registered.

Note: Section 42 of the Legislation Act 2003 (which deals with disallowance of legislative instruments) does not apply to this instrument: see subsection 8 (3) of the Fuel Indexation (Road Funding) Special Account Act 2015.

3.            Authority

This determination is made under subsection 8 (1) of the Fuel Indexation (Road Funding) Special Account Act 2015.

4.            Crediting of amounts

An amount of $557,000,000.00 is to be credited to the Fuel Indexation (Road Funding) special account on 28 March 2019.

Note: The Fuel Indexation (Road Funding) special account is the special account established by section 7 of the Fuel Indexation (Road Funding) Special Account Act 2015.