Fuel Tax Act 2006
CHAPTER 3
-
FUEL TAX CREDITS
PART 3-1
-
BASIC RULES
Division 41
-
Fuel tax credits for business taxpayers and non-profit bodies
Subdivision 41-A
-
Entitlement rules for fuel tax credits
SECTION 41-5
FUEL TAX CREDIT FOR FUEL TO BE USED IN CARRYING ON YOUR ENTERPRISE
41-5(1)
You are entitled to a fuel tax credit for taxable fuel that you acquire or manufacture in, or import into, the indirect tax zone to the extent that you do so for use in *carrying on your *enterprise.
Subsection (2) does not apply if, at the time you acquire, manufacture or import the fuel:
(a) you are a non-profit body; and
(b) you acquire, manufacture or import the fuel for use in a vehicle (or vessel) that:
You are entitled to a fuel tax credit for taxable fuel that you acquire or manufacture in, or import into, the indirect tax zone to the extent that you do so for use in *carrying on your *enterprise.
Note 1:
Other provisions can affect your entitlement to the credit. (For example, see Subdivision 41-B .)
Note 2:
Fuel is taken to have been used if it is blended as specified in a determination made under section 95-5 .
41-5(2)
Registration for GST
However, you are only entitled to the fuel tax credit if, at the time you acquire, manufacture or import the fuel, you are *registered for GST, or *required to be registered for GST.
41-5(3)Subsection (2) does not apply if, at the time you acquire, manufacture or import the fuel:
(a) you are a non-profit body; and
(b) you acquire, manufacture or import the fuel for use in a vehicle (or vessel) that:
(i) provides emergency services; and
(ii) is clearly identifiable as such.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.