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Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2010

2008-2009-2010

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Received from the House of Representatives and read a first time, 22 February 2010

 

 

 

 

 

 

 

 

 

Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2010

 

No.      , 2010

 

(Treasury)

 

 

 

A Bill for an Act about CPRS fuel credits, and for related purposes

   

   

   



Contents

Chapter 1—Introduction                                                                                        1

Part 1-1—Preliminary                                                                                                          1

Division 1—Preliminary                                                                                              1

Subdivision 1-A—Preliminary                                                                                2

1-5......... Short title............................................................................................. 2

1-10....... Commencement................................................................................... 2

Part 1-2—Using this Act                                                                                                     4

Division 2—Overview and purpose                                                                       4

Subdivision 2-A—Overview and purpose                                                             4

2-1......... Overview and purpose........................................................................ 4

Division 3—Explanation of the use of defined terms                                    5

Subdivision 3-A—Explanation of the use of defined terms                              5

3-1......... When defined terms are identified....................................................... 5

3-5......... When terms are not identified.............................................................. 5

3-10....... Identifying the defined term in a definition.......................................... 6

Division 4—Status of Guides and other non-operative material           7

Subdivision 4-A—Status of Guides and other non-operative material          7

4-1......... Non-operative material........................................................................ 7

4-5......... Guides................................................................................................. 7

4-10....... Other material...................................................................................... 7

Chapter 2—CPRS fuel credits                                                                          9

Part 2-1—Basic rules                                                                                                             9

Division 5—Object of this Chapter                                                                        9

Subdivision 5-A—Object of this Chapter                                                              9

5-1......... Object of this Chapter......................................................................... 9

Division 6—CPRS fuel credits                                                                                10

Guide to Division 6                                                                                                    10

6-1......... What this Division is about............................................................... 10

Subdivision 6-A—Entitlement rules for CPRS fuel credits                            11

6-5......... CPRS fuel credit for fuel to be used for fishing operations, agriculture or forestry  11

6-10....... CPRS fuel credit for fuel to be used for incidental fishing activities, incidental agricultural activities or incidental forestry activities............................................................................................ 12

6-15....... CPRS fuel credit for fuel to be used in heavy on-road vehicles........ 12

6-20....... CPRS fuel credit for fuel to be used in certain vehicles acquired before 1 July 2006               13

6-25....... CPRS fuel credit for automotive liquid petroleum gas...................... 14

6-30....... CPRS fuel credit for automotive compressed natural gas.................. 15

6-35....... CPRS fuel credit for automotive liquefied natural gas....................... 15

Subdivision 6-B—Disentitlement rules for CPRS fuel credits                       16

6-40....... No CPRS fuel credit if another entity was previously entitled to a credit 16

6-45....... No CPRS fuel credit for fuel to be used in motor vehicles that do not meet environmental criteria          16

6-50....... No CPRS fuel credit for fuel to be used in aircraft............................ 17

Division 7—Working out your CPRS fuel credit                                         18

Guide to Division 7                                                                                                    18

7-1......... What this Division is about............................................................... 18

Subdivision 7-A—Working out your CPRS fuel credit                                   18

7-5......... Working out your CPRS fuel credit.................................................. 18

Division 8—Increasing and decreasing CPRS fuel credit adjustments   21

Guide to Division 8                                                                                                    21

8-1......... What this Division is about............................................................... 21

Subdivision 8-A—Increasing and decreasing CPRS fuel credit adjustments   21

8-5......... Increasing and decreasing CPRS fuel credit adjustments for change of circumstances            21

8-10....... Increasing CPRS fuel credit adjustment for failure to use fuel.......... 22

Part 2-2—Special rules                                                                                                       23

Division 9—Instalment taxpayers                                                                        23

Guide to Division 9                                                                                                    23

9-1......... What this Division is about............................................................... 23

Subdivision 9-A—Instalment taxpayers                                                              23

9-5......... Instalment taxpayers.......................................................................... 23

Chapter 3—Common rules                                                                                25

Part 3-1—Attribution rules                                                                                             25

Division 10—Attribution rules                                                                                25

Guide to Division 10                                                                                                 25

10-1....... What this Division is about............................................................... 25

Subdivision 10-A—Attribution rules                                                                    26

10-5....... Attribution rules for CPRS fuel credits............................................. 26

10-10..... Attribution rules for CPRS fuel credit adjustments........................... 27

Chapter 4—Miscellaneous                                                                                   28

Part 4-1—Miscellaneous                                                                                                    28

Division 11—Miscellaneous                                                                                      28

Guide to Division 11                                                                                                 28

11-1....... What this Division is about............................................................... 28

Subdivision 11-A—Miscellaneous                                                                         28

11-5....... Commissioner has general administration of this Act....................... 28

11-10..... Application of this Act to the Commonwealth.................................. 29

11-15..... Regulations....................................................................................... 29

Chapter 5—Interpretation                                                                                  30

Part 5-1—Rules for interpreting this Act                                                               30

Division 12—Rules for interpreting this Act                                                   30

Subdivision 12-A—Rules for interpreting this Act                                           30

12-1....... What forms part of this Act............................................................... 30

12-5....... What does not form part of this Act.................................................. 30

12-10..... Guides, and their role in interpreting this Act.................................... 31

Part 5-2—Dictionary                                                                                                           32

Division 13—Dictionary                                                                                             32

Subdivision 13-A—Dictionary                                                                               32

13-1....... Dictionary......................................................................................... 32

 



A Bill for an Act about CPRS fuel credits, and for related purposes

The Parliament of Australia enacts:

Chapter 1 Introduction

Chapter 2 CPRS fuel credits

Chapter 3 Common rules

Chapter 4 Miscellaneous

Chapter 5 Interpretation