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Excise Tariff Amendment (Product Stewardship for Waste Oil) Bill 2000



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Bills Digest No. 39 2000-01

Excise Tariff Amendment (Product Stewardship for Waste Oil) Bill 2000

Warning:

This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments. This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.

Contents

Passage History.......................................................................................................................... 1

Purpose....................................................................................................................................... 1

Background ................................................................................................................................ 1

Main Provisions ......................................................................................................................... 1

Contact Officer........................................................................................................................... 1

Warning:

This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments.

This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.

Passage History

Excise Tariff Amendment (Product Stewardship for Waste Oil) Bill 2000

Date Introduced: 22 June 2000

House: House of Representatives

Portfolio: Treasury

Commencement: The Bill commences on Royal Assent. However, the operative part of the Bill (Schedule 1) commences on the same day as Part 2 of the Product Stewardship (Oil) Bill 2000.

Purpose

To amend the Excise Tariff Act 1921 to introduce a five cent a litre / a kilogram excise on domestically produced lubricant-type oils.

Background

The proposed excise will assist in funding payments to eligible companies recycling waste oil under the Product Stewardship Oil scheme.

For further background, readers are referred to the Bills Digest No. 36, 2000-01 on the Product Stewardship (Oil) Bill 2000.

Main Provisions

Under the existing taxation regime, domestically produced lubricant-type oils are not subject to excise. Schedule 1 amends various aspects of the Schedule to the Excise Tariff Act 1921 with the effect that these oils will be subject to a 5 cent a litre / a kilogram excise.

Contact Officer Angus Martyn 11 September 2000

2 Excise Tariff Amendment (Product Stewardship for Waste Oil) Bill 2000

Warning:

This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments.

This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.

Bills Digest Service Information and Research Services

This paper has been prepared for general distribution to Senators and Members of the Australian Parliament. While great care is taken to ensure that the paper is accurate and balanced, the paper is written using information publicly available at the time of production. The views expressed are those of the author and should not be attributed to the Information and Research Services (IRS). Advice on legislation or legal policy issues contained in this paper is provided for use in parliamentary debate and for related parliamentary purposes. This paper is not professional legal opinion. Readers are reminded that the paper is not an official parliamentary or Australian government document. IRS staff are available to discuss the paper's contents with Senators and Members and their staff but not with members of the public.