Amendments to the taxation of gaseous fuels

On 13 October 2011, the government introduced legislation into parliament to amend the taxation of alternative fuels legislation for the treatment of gaseous fuels, which are liquefied petroleum gas, liquefied natural gas and compressed natural gas.

The amendments are:

• extend the current exemption for compressed natural gas (CNG) manufacture to include small-scale business manufacture at a residential premises
• move all liquefied petroleum gas (LPG) notice requirements to the regulations
• extend fuel tax credit entitlements where duty paid LPG is packaged in small tanks to include non-business use.

On 29 November 2011, the bill received royal assent and is now law.

Legislation and supporting material

Refer to Tax Laws Amendment (2011 Measures No. 8) Act 2011 and Explanatory Memorandum.

More information For more information, refer to Taxation of alternative fuels.