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Excise Tariff Amendment (Petrol Tax Cut) Bill (No. 2) 2001
Schedule 1— Amendment of the Excise Tariff Act 1921

 

1  After section 6G

       Insert:

6H  Reduction in rates of duty on certain petroleum products

             (1)  If the House of Representatives passes a motion of which notice has been given, requiring that:

                     (a)  the rates of excise for unleaded petrol, leaded petrol, diesel and other petroleum products that attract equivalent rates of duty be reduced by 1.5 cents per litre;

                     (b)  the rate of excise for avtur be reduced by 0.112 cents per litre;

                     (c)  the rate of excise for aviation gasoline be reduced by 0.110 cents per litre; and

                     (d)  the rate of excise for petroleum products attracting concessional rates of duty be reduced by 0.297 cents per litre;

                   the decreases will take effect from the day on which the Ministerial Council agrees to the Commonwealth’s proposal to retain a certain amount of revenue under section 10A of the A New Tax System (Commonwealth-State Financial Arrangements) Act 1999 .

             (2)  The subitems of the Schedule mentioned in Table 1 are goods of unleaded petrol, diesel or other petroleum products that attract the equivalent rate of duty. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 1.5 cents per litre.

 

Table 1

Subitems of the Schedule which will have their rates of duty reduced by 1.5 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(B)(1)(a)

2

11(B)(2)(a)

3

11(B)(2)(d)

4

11(C)(1)(a)

5

11(C)(2)(a)

6

11(E)(1)

7

11(E)(4)

8

11(F)(1)

9

11(F)(4)

10

11(G)(2)

11

11(G)(5)

12

11(H)(1)(c)

13

11(H)(1)(d)

14

11(H)(2)(c)

15

11(H)(2)(f)

16

11(I)(1)(b)(ii)

17

11(I)(2)(a)

18

11(I)(3)(a)

19

11(I)(3)(d)

20

11(J)(1)(b)

21

11(J)(2)(b)

             (3)  The subitems of the Schedule mentioned in Table 2 are goods of leaded petrol or other petroleum products that attract the equivalent rate of duty. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 1.5 cents per litre.

 

Table 2

Subitems of the Schedule which will have their rates of duty reduced by 1.5 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(H)(1)(b)

2

11(H)(2)(b)

3

11(H)(2)(e)

4

11(J)(1)(a)

5

11(J)(2)(a)

 

             (4)  The subitems of the Schedule mentioned in Table 3 are goods of avtur. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 0.112 cents per litre.

 

Table 3

Subitems of the Schedule which will have their rates of duty reduced by 0.112 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(A)

             (5)  The subitems of the Schedule mentioned in Table 4 are goods of aviation gasoline. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 0.110 cents per litre.

 

Table 4

Subitems of the Schedule which will have their rates of duty reduced by 0.110 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(H)(1)(a)

2

11(H)(2)(a)

             (6)  The subitems of the Schedule mentioned in Table 5 are goods of petroleum products attracting concessional rates of duty. If the House of Representatives passes a motion under subsection (1) the rates of excise on each subitem will be reduced by 0.297 cents per litre.

 

Table 5

Subitems of the Schedule which will have their rates of duty reduced by 0.297 cents per litre if the House of Representatives passes motion under subsection (1)

1

11(B)(1)(b)

2

11(B)(2)(b)

3

11(D)

4

11(E)(2)

5

11(F)(2)

6

11(G)(3)

7

11(I)(2)(b)

8

11(I)(3)(b)

 

 

 

 

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