Clean Energy (Fuel Tax Legislation Amendment) Act 2011 (157 of 2011)

Schedule 1   Fuel tax credits

Part 1   Amendments

Fuel Tax Act 2006

11   Subsection 43-5(1)

Repeal the subsection, substitute:

(1) The *amount of your fuel tax credit for taxable fuel is the amount (but not below nil) worked out using the following formula:

*Amount of *effective fuel tax - *Amount of *carbon reduction

Note: The amount of the credit might be reduced under section 43-10 or 43-11.