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EXCISE TARIFF ACT 1921

SECTION 6K TEMPORARY REDUCTION - CPI INDEXED FUEL RATES

Temporary rate reduction

6K(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.

Note:

For CPI indexed fuel rate and rate reduction period , see subsection (6) .

View history note

6K(2)
An amount worked out under subsection (1) is to be rounded to 3 decimal places (rounding up if the next decimal place is 5 or more).

6K(3)
A CPI indexed fuel rate that applies under subsection (1) during a rate reduction period applies to:

(a) goods manufactured or produced in Australia during that period; and

(b) goods manufactured or produced in Australia before the start of that period if:

(i) at the start of the period, the goods were either subject to the CEO ' s control, or were in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods; and