ENERGY GRANTS (CLEANER FUELS) SCHEME REGULATIONS 2004

REGULATION 6  

6   GRANT AMOUNT - BIODIESEL  

For subsection 8(1) of the Act, the amount of grant to which a claimant is entitled in relation to a quantity of biodiesel is:

(V × Relevant duty rate) − Previous grant

where:

V
means:

(a) the volume, in litres, of the biodiesel; or

(b) if regulation 8 applies to the claimant - the volume, in litres, of the biodiesel, worked out in accordance with subregulation 8(2) .

relevant duty rate
means the duty rate at the time when the biodiesel is entered.

previous grant
means the total amount of cleaner fuel grant worked out in relation to any of the biodiesel, contained in the quantity of biodiesel, for which any provisional entitlements arose before the qualifying time under section 5 of the Act.

Note:

A quantity of biodiesel might contain some components of biodiesel for which provisional entitlements arose before the qualifying time under section 5 of the Act.