House of Representatives

Taxation of Alternative Fuels Legislation Amendment Bill 2011

Excise Tariff Amendment (Taxation of Alternative Fuels) Bill 2011

Customs Tariff Amendment (Taxation of Alternative Fuels) Bill 2011

Customs Tariff Amendment (Taxation of Alternative Fuels) Act 2011

Energy Grants (Cleaner Fuels) Scheme Amendment Bill 2011

Explanatory Memorandum

(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP and the Minister for Home Affairs, the Hon Brendan O'Connor MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ASEAN Association of Southeast Asian Nations
B20 a blend of up to 20 per cent biodiesel and 80 per cent or more diesel
B5 a blend of up to 5 per cent biodiesel and 95 per cent or more diesel
CNG compressed natural gas
cpl cents per litre
E10 a blend of up to 10 per cent ethanol and 90 per cent or more petrol
E85 a blend of up to 85 per cent ethanol and 15 per cent or more petrol
Harmonized System Harmonized Commodity Description and Coding System
LNG liquefied natural gas
LPG liquefied petroleum gas
NSW New South Wales
TAA 1953 Taxation Administration Act 1953