Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Your net fuel amount for a * tax period or a * fuel tax return period is worked out using the following formula:
where:
"total decreasing fuel tax adjustments" is the sum of all * decreasing fuel tax adjustments that are attributable to the period.
Note: Division 65 sets out which tax periods or fuel tax return periods fuel tax adjustments are attributable to.
Note: Fuel tax is currently assessed under the Excise Act 1901 , the Excise Tariff Act 1921 , the Customs Act 1901 and the Customs Tariff Act 1995 . It is intended that gaseous fuels will begin to be assessed under this Act in 2011.
"total fuel tax credits" is the sum of all fuel tax credits to which you are entitled that are attributable to the period.
Note: Division 65 sets out which tax periods or fuel tax return periods fuel tax credits are attributable to.
"total increasing fuel tax adjustments" is the sum of all * increasing fuel tax adjustments that are attributable to the period.
Note: Division 65 sets out which tax periods or fuel tax return periods fuel tax adjustments are attributable to.
Table of Subdivisions Guide
to Division 61 61‑A Returns, refunds and payments
Guide to Division 61
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