Excise Tariff Amendment Act (No. 2) 2001 (67 of 2001)

Schedule 1   Removal of indexation of rates for petroleum fuels

Excise Tariff Act 1921

1   After subsection 6A(1)

Insert:

(1A) For the indexation period that commences on 1 August 2001 and any subsequent indexation period, this section does not apply to:

(a) a rate of duty specified in item 11 or 12 of the Schedule; or

(b) an excise tariff alteration that proposes to alter a rate specified in item 11 or 12 of the Schedule.