ENERGY GRANTS (CLEANER FUELS) SCHEME REGULATIONS 2004

REGULATION 7  

7   GRANT AMOUNT - BIODIESEL BLEND  

For subsection 8(1A) of the Act, the amount of grant to which a claimant is entitled in relation to a quantity of biodiesel blend is:

(V × biodiesel % × biodiesel rate) − previous grant

where:

V
means:

(a) the volume, in litres, of the biodiesel blend; or

(b) if regulation 8 applies to the claimant - the volume, in litres, of the blend, worked out in accordance with subregulation 8(2) .

biodiesel %
means the percentage, by volume, of biodiesel in the blend.

biodiesel rate
means the rate that would have been the duty rate for the quantity of biodiesel in the blend, if the quantity of biodiesel were taken to have been entered as a cleaner fuel at the time when the blend is entered.

Note:

For the meaning of duty rate , see subsection 8(1) of the Act.

previous grant
means the total amount of cleaner fuel grant worked out in relation to any of the biodiesel, contained in the quantity of biodiesel blend, for which any provisional entitlements arose before the qualifying time under section 5 of the Act.

Note:

A quantity of biodiesel blend might contain some components of biodiesel for which provisional entitlements arose before the qualifying time under section 5 of the Act.