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Thursday, 3 June 2010
Page: 5147

Mr ALBANESE (Minister for Infrastructure, Transport, Regional Development and Local Government) (9:12 AM) —I move:

That this bill be now read a second time.

The Customs Tariff Amendment (Aviation Fuel) Bill 2010 is the second of the related bills, which gives effect to increased rates of duty for aviation fuel.

This bill will increase the rates of excise equivalent customs duty for imported aviation gasoline and aviation kerosene, by 0.702c per litre, to 3.556c per litre. The increased rates of customs duty will apply to aviation fuel imported from all countries, including aviation fuel imported under any of Australia’s free trade agreements.

These increases are complementary to the amendments contained in the Excise Tariff Amendment (Aviation Fuel) Bill 2010 and will ensure that the rates of customs duty on imported aviation fuel are the same as the rates of excise duty on aviation fuel, when produced in Australia.

The increased revenue from imported aviation fuel will contribute to an increase in funding for the Civil Aviation Safety Authority that will enable the authority to meet its core safety responsibilities.

As with the amendments to the excise applying to aviation fuel, the amendments to the Customs Tariff Act 1995 will take effect from 1 July 2010. I commend this bill to the House.

Debate (on motion by Mr Wood) adjourned.