Treasury Laws Amendment (Fuel Excise Relief) Act 2026 (22 of 2026)

Schedule 2   Further fuel duty reduction

Customs Tariff Act 1995

1   Subsection 19AABA(1)

Omit all the words after "equal to" (not including the note), substitute:

the following percentage of the fuel duty rate that would have applied on that day apart from this section (including because of the operation of section 19):

(a) 50%, unless paragraph (b) applies;

(b) if the Treasurer determines a lower percentage under subsection 6K(5) of the Excise Tariff Act 1921 - that lower percentage.