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This is a Bill, not an Act. For current law, see the Acts databases.
1998-1999-2000-2001
The
Parliament of the
Commonwealth of
Australia
THE
SENATE
Presented and read a first
time
Customs Tariff
Amendment (Petrol Tax Cut) Bill 2001
No.
, 2001
(Senator
Cook)
A Bill for an Act to amend the
Customs Tariff Act 1995 to provide relief from the 1 February 2001
indexation of rates of customs duty applying to
petroleum
ISBN: 0642 465657
Contents
Customs Tariff Act
1995 3
A Bill for an Act to amend the Customs Tariff Act
1995 to provide relief from the 1 February 2001 indexation of rates of
customs duty applying to petroleum
The Parliament of Australia enacts:
This Act may be cited as the Customs Tariff Amendment (Petrol Tax Cut)
Act 2001.
This Act commences immediately after the commencement of the Excise
Tariff Amendment (Petrol Tax Cut) Act 2001.
Subject to section 2, each Act that is specified in a Schedule to this
Act is amended or repealed as set out in the applicable items in the Schedule
concerned, and any other item in a Schedule to this Act has effect according to
its terms.
1 After subsection 19(1)
Insert:
(1A) If section 6AAB of the Excise Tariff Act 1921 has the effect
of decreasing the rate of duty of an excise item set out in column 2 of the
Table in subsection (1) in respect of the indexation period beginning on 1
February 2001, the rates of duty set out in the rate column of the subheading in
column 1 opposite that item are decreased by the same amount on and from that
day.
2 Subsection 19(2)
After “subsection (1)”, insert “or (1A)”.
3 Subsection 19(2)
After “increased”, insert “or decreased”.
4 Subsection 19(3)
After “subsection (1)”, insert “or (1A)”.
5 Subsection 19(3)
After “increased” (wherever occurring), insert “or
decreased”.