House of Representatives

Explanatory Memorandum

Circulated by authority of the Minister for Infrastructure, Transport, Regional Development and Local Government the Honourable Anthony Albanese, MP

FINANCIAL IMPACT STATEMENT

Since there is no change to the underlying policy announced in the 2008-09 Budget, the figures quoted in that Budget still apply. That is, the increase in the road user charge of 1.367 cents per litre from 1 January 2009 will decrease Commonwealth Government Fuel Tax Credit expenses by $40 million in 2008-08, $110 million in 2009-10, $150 million in 2010-11 and $190 million in 2011-12.