EXCISE TARIFF ACT 1921

SECTION 6AAA   ROUNDING OF FUEL DUTY RATES  

6AAA(1)  
Despite subsection 6A(2) , the amount to be worked out under subsection 6A(1) in respect of an indexation day for a CPI indexed rate covered by subsection (3) of this section is to be rounded to 3 decimal places (rounding up if the next decimal place is 5 or more).

6AAA(2)  
For the purposes of section 6A , determine the CPI indexed rate on the day before the indexation day as mentioned in subsection 6A(1) on the assumptions that:


(a) the operation of subsection (1) of this section was disregarded in respect of all previous indexation days (if any); and


(b) subsection 6A(2) permitted amounts worked out under subsection 6A(1) in respect of those indexation days to be rounded to 5 decimal places (rounding up if the next decimal place was 5 or more).

6AAA(3)  
This subsection covers the following CPI indexed rates:


(a) a rate of duty set out in item 10 of the Schedule, other than in:


(i) subitem 10.6 or 10.17; or

(ii) subitem 10.7, 10.12, 10.20, 10.21 or 10.30;


(b) the rate set out in step 3 of the method statement in subsection 6G(1) (about duty payable on blended goods).

6AAA(4)  
In this section:

CPI indexed rate
has the same meaning as in section 6A .

indexation day
has the same meaning as in section 6A .




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