Treasury Laws Amendment (Fuel Excise Relief No. 2) Act 2026 (59 of 2026)

Schedule 1   Amendments

Excise Tariff Act 1921

6   After subsection 6K(3)

Insert:

Restoration of rates

(3A) This Act has effect as if, on the August adjustment day, each CPI indexed fuel rate is a rate equal to the rate that it would have been on that day apart from subsection (1) (including because of the operation of section 6A).

Note 1: For August adjustment day , see subsection (6).

Note 2: A rate that applies under this subsection is subject to later indexation under section 6A.

(3B) A CPI indexed fuel rate that applies under subsection (3A) applies to:

(a) goods manufactured or produced in Australia on or after the August adjustment day; and

(b) goods manufactured or produced in Australia before the August adjustment day if:

(i) on that day, 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

(ii) no duty of excise had been paid on the goods before that day.

Application of rates for previous rate reduction period

(3C) To avoid doubt, this section as in force immediately before the commencement of this subsection continues to apply in relation to goods to which this section applied at that time because of the operation of subsection (3) of this section.