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EXCISE TARIFF AMENDMENT ACT (NO. 1) 1998 NO. 64, 1998 - SCHEDULE 1--Amendment

of the Excise Tariff Act 1921

1 After subsection 3(1)

Insert:

(1A) For the avoidance of doubt, it is declared to be the intention of the Parliament that if:

then, in calculating the first 4767.3 megalitres of stabilised crude petroleum oil produced from that particular onshore field for the purposes of the definition of pre-threshold onshore oil, all oil that was, before that date, exempt onshore oil produced from that exempt onshore field is to be taken into account.

2 Subsection 3A(1)

Omit "exempt onshore field", substitute "onshore field".

3 Interpretation provisions in, and relating to, the Schedule

Omit:

Except in item 3, a reference to alcohol shall be read as a reference to ethyl alcohol.


substitute:

A reference to alcohol is taken to be a reference to ethyl alcohol.



4 Subparagraph 11(A)(3)(a) of the Schedule

Repeal the subparagraph, substitute:

(a)

For use in aircraft

$0.17403 per litre

5 Subparagraph 11(H)(1)(a) of the Schedule

Repeal the subparagraph, substitute:

(a)


for use as a fuel in aircraft

$0.17403/L

6 Subparagraph 11(H)(2)(a) of the Schedule

Repeal the subparagraph, substitute:

(a)


for use as a fuel in aircraft

$0.17403/L

7 After subparagraph 11(B)(2)(c) of the Schedule

Insert:

(d)


other

$0.42797/L

8 After subparagraph 11(C)(2)(b) of the Schedule

Insert:

(c)


other

$0.42797/L

9 After paragraph 11(E)(3) of the Schedule

Insert:

(4)


Other

$0.42797/L

10 After paragraph 11(F)(3) of the Schedule

Insert:

(4)


Other

$0.42797/L

11 After paragraph 11(G)(4) of the Schedule

Insert:

(5)


Other

$0.42797/L

12 After subparagraph 11(H)(2)(d) of the Schedule

Insert:

(e)

other, having a lead content exceeding 13 milligrams per litre

$0.44972/L

(f)

other

$0.42797/L

13 After subparagraph 11(I)(3)(c) of the Schedule

Insert:

(d)

other

$0.42797/L

14 After subparagraph 11(J)(2)(c) of the Schedule

Insert:

(d)

other, having a lead content exceeding 13 milligrams per litre

$0.44972/L

(e)

other

$0.42797/L

[ Minister's second reading speech made in--

House of Representatives on 8 April 1998

Senate on 28 May 1998 ]

(53/98)



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