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Hansard
- Start of Business
- COMMITTEES
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BILLS
- Social Security and Other Legislation Amendment Bill 2011
- Work Health and Safety Bill 2011
- Work Health and Safety (Transitional and Consequential Provisions) Bill 2011
- Education Services for Overseas Students (Registration Charges) Amendment Bill 2011
- Education Services for Overseas Students Amendment (Registration Charges Consequentials) Bill 2011
- Tobacco Plain Packaging Bill 2011
- Trade Marks Amendment (Tobacco Plain Packaging) Bill 2011
- Legislative Instruments Amendment (Sunsetting) Bill 2011
- Customs Amendment (Anti-dumping Improvements) Bill 2011
- Extradition and Mutual Assistance in Criminal Matters Legislation Amendment Bill 2011
- Horse Disease Response Levy Bill 2011
- Horse Disease Response Levy Collection Bill 2011
- Horse Disease Response Levy (Consequential Amendments) Bill 2011
- Industrial Chemicals (Notification and Assessment) Amendment (Inventory) Bill 2011
- Superannuation Legislation Amendment (Early Release of Superannuation) Bill 2011
- Excise Tariff Amendment (Condensate) Bill 2011
- Excise Legislation Amendment (Condensate) Bill 2011
- Australian Energy Market Amendment (National Energy Retail Law) Bill 2011
- COMMITTEES
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BILLS
- Offshore Petroleum and Greenhouse Gas Storage Amendment (National Regulator) Bill 2011
- Offshore Petroleum and Greenhouse Gas Storage (Registration Fees) Amendment Bill 2011
- Offshore Petroleum (Royalty) Amendment Bill 2011
- Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011
- Offshore Petroleum and Greenhouse Gas Storage Regulatory Levies Legislation Amendment (2011 Measures No. 2) Bill 2011
- Customs Amendment (New Zealand Rules of Origin) Bill 2011
- Indigenous Education (Targeted Assistance) Amendment Bill 2011
- Customs Amendment (New Zealand Rules of Origin) Bill 2011
- National Health Reform Amendment (National Health Performance Authority) Bill 2011
- STATEMENTS BY MEMBERS
- MINISTERIAL ARRANGEMENTS
- QUESTIONS WITHOUT NOTICE
- DISTINGUISHED VISITORS
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QUESTIONS WITHOUT NOTICE
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Carbon Pricing
(Irons, Steve, MP, Gillard, Julia, MP) -
Coal Industry
(Fitzgibbon, Joel, MP, Ferguson, Martin, MP) -
Carbon Pricing
(Buchholz, Scott, MP, Gillard, Julia, MP) -
Live Animal Exports
(Windsor, Tony, MP, Gillard, Julia, MP) -
Trade
(Ripoll, Bernie, MP, O'Connor, Brendan, MP) -
Carbon Pricing
(Hockey, Joe, MP, Swan, Wayne, MP) -
Tobacco Plain Packaging
(Melham, Daryl, MP, Roxon, Nicola, MP) -
Carbon Pricing
(Marino, Nola, MP, Swan, Wayne, MP) -
Carbon Pricing
(D'Ath, Yvette, MP, Combet, Greg, MP) -
Carbon Pricing
(Robb, Andrew, MP, Swan, Wayne, MP) -
Climate Change
(Owens, Julie, MP, Garrett, Peter, MP) -
Carbon Pricing
(Roy, Wyatt, MP, Swan, Wayne, MP) -
Disability Services
(Lyons, Geoff, MP, Macklin, Jenny, MP) -
Coal Industry
(Baldwin, Bob, MP, Gillard, Julia, MP) -
Mental Health
(Gibbons, Steve, MP, Butler, Mark, MP)
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Carbon Pricing
- MINISTERIAL STATEMENTS
- DOCUMENTS
- PERSONAL EXPLANATIONS
- MATTERS OF PUBLIC IMPORTANCE
- MINISTERIAL STATEMENTS
- BILLS
- BUSINESS
- BILLS
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ADJOURNMENT
- Slipper, Peter, MP
- International Development Assistance
- Holt Electorate
- Australasian Order of Old Bastards
- Southern Sudan
- Carbon Pricing
- Green, Mr Trevor, Amedee, Mr Gary, Economy
- Sri Lanka
- Cunningham Electorate: Mining
- Vietnam: Montagnards
- Petition: Medical Workforce, Petition: Carbon Pricing and Murray-Darling River System
- Bradfield Electorate: Foreign Investment
- Egypt: Coptic Christians, Chifley Electorate: Health and Wellbeing
- NOTICES
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Main Committee
- Start of Business
- CONSTITUENCY STATEMENTS
- BILLS
- BUSINESS
- COMMITTEES
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QUESTIONS IN WRITING
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Ministers: Staff, Capital Works and Acquisitions (Question No. 244)
(Briggs, Jamie, MP, Albanese, Anthony, MP) -
Taxation (Question No. 350)
(Baldwin, Bob, MP, Swan, Wayne, MP) -
Bruce Highway (Question No. 387)
(Christensen, George, MP, Albanese, Anthony, MP) -
National Police Service Medal (Question No. 407)
(Christensen, George, MP, O'Connor, Brendan, MP)
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Ministers: Staff, Capital Works and Acquisitions (Question No. 244)
Page: 7727
Mr SHORTEN (Maribyrnong—Assistant Treasurer and Minister for Financial Services and Superannuation) (10:55): I move:
That this bill be now read a second time.
This bill amends the Petroleum Excise (Prices) Act 1987 to address uncertainties that have arisen regarding the determination of volume weighted average realised prices, or VOLWARE prices, which are the prices used to calculate excise liability.
Under the crude oil excise regime, a VOLWARE price is required to be determined for each month by the minister, or a person authorised by the minister, within a specific time. A written notice setting out the terms of these price determinations must also be provided to the relevant producer or producers, although no time period for doing so is specified. It has been suggested that if a written notice setting out the terms of a price determination is not provided to producers then the determination itself is invalid.
The Excise Legislation Amendment (Condensate) Bill amends the Petroleum Excise (Prices) Act 1987 to clarify that a failure to provide written notice of a VOLWARE price determination does not affect the validity of the determination.
The amendments also extend the ability of producers to seek a review of VOLWARE price determinations by allowing them to seek a review within 28 days of receiving a written notice.
These amendments serve only to clarify the existing operation of the law and have no revenue impact.
The measures will take effect from midnight (by legal time in the Australian Capital Territory), 13 May 2008, consistent with the original 2008-09 budget measure.
Full details of the measures in this bill are contained in the combined explanatory memorandum.
Debate adjourned.