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

Schedule 2   Further fuel duty reduction

Excise Tariff Act 1921

2   Subsection 6K(1)

Repeal the subsection (not including the note), substitute:

(1) Despite any other provision of this Act, each CPI indexed fuel rate is, during a rate reduction period, a rate equal to the following percentage of the rate that it would have been during that period apart from this section (including because of the operation of section 6A):

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

(b) if the Treasurer determines a lower percentage under subsection (5) - that lower percentage.