Customs Tariff Act 1995

PART 2 - DUTIES OF CUSTOMS  

SECTION 19AAA   ROUNDING OF FUEL DUTY RATES  

19AAA(1)    
Despite subsection 19(2) , the amount to be worked out under subsection 19(1) in respect of an indexation day for a CPI indexed rate that is a fuel duty rate is to be rounded to 3 decimal places (rounding up if the next decimal place is 5 or more).

19AAA(2)    
For the purposes of section 19 , determine the CPI indexed rate on the day before the indexation day as mentioned in subsection 19(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 19(2) provided for amounts worked out under subsection 19(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).

19AAA(3)    
In this section:

CPI indexed rate
has the same meaning as in section 19 .

indexation day
has the same meaning as in section 19 .