Commonwealth Numbered Acts Commonwealth Numbered ActsOmit "2,".
2 Subsection 6G(2)
Repeal the subsection, substitute:
(a) goods that are classified to item 11 or 12 of the Schedule and:
(i) that are for use as fuel in an internal combustion engine, but not for
use as fuel in aircraft; and
(ii) if the goods have a lead content—that do not have a lead content
exceeding 13 milligrams per litre; and
(b) goods that are classified to item 11 of the Schedule as denatured
ethanol for use as fuel in an internal combustion engine;
with or without other substances, is worked out using the formula:
where:
"excise equivalent rate" means so much of the rate of Customs duty applicable to goods on their importation into Australia as is equivalent to the rate of excise duty that would be payable on those goods if produced in Australia.
"previously paid duties" means the sum of the following (worked out in accordance with subsection (4), if applicable):
(a) the excise duties (if any) that have already been paid on the goods that
are constituent elements of the excisable blended petroleum product and that
are classified to item 11, 12 or 15 of the Schedule;
(b) to the extent that Customs duties have been paid on imported goods
that are constituent elements of the excisable blended petroleum
product and that would have been classified to item 11, 12 or 15
of the Schedule if produced in Australia—so much of the Customs
duties paid on those imported goods as represents the application of
the excise equivalent rate in relation to those imported goods.
3 Paragraph 6G(4)(b)
Omit "2,".
4 Paragraph 6G(4)(c)
After "11", insert ", 12".
5 Schedule (subitem 2(R))
Repeal the subitem.
6 Item 11 of the Schedule (at the end of paragraphs (a) and (b) of the description of goods covered by the item)
Add "and".
7 Item 11 of the Schedule (at the end of the description of goods covered by the item)
Add:
; and (e) denatured ethanol for use as fuel in an internal combustion engine. |
8 At the end of item 11 of the Schedule
Add:
(K) | Denatured ethanol for use as fuel in an internal combustion engine | $0.38143 per litre |