Fuel Tax Act 2006

Div 45 repealed by No 42 of 2009 , s 3 and Sch 7 item 3, effective 1 July 2009. No 42 of 2009 , s 3 and Sch 7 item 16 contains the following application provision:

Application of Part 1 amendments  
Meaning of programme end time

(1)
In this Part:

programme end time
means the time occurring just before 1 July 2009.

Application

(2)
The amendments made by Part 1 of this Schedule apply in relation to tax periods ending in financial years commencing on or after 1 July 2009.

(3)
To avoid doubt, despite the repeal of subsection 65-5(5) of the Fuel Tax Act 2006 by that Part, subsection 65-5(4) of that Act continues not to apply in respect of the whole or a part of a fuel tax credit that, just before the programme end time, you were not entitled to take into account under subsection 45-5(1) of that Act.

Decreasing fuel tax adjustment

(4)
Subitem (5) applies if, at the programme end time, you were not a member of a programme mentioned in subsection 45-5(1) of the Fuel Tax Act 2006 .

(5)
The Fuel Tax Act 2006 is taken to have had effect, at the programme end time, as if you became a member of such a programme at that time.

S 45-1 repealed by No 42 of 2009 , s 3 and Sch 7 item 3, effective 1 July 2009. For application provision, see note under former Div 45 heading. S 45-1 formerly read:

SECTION 45-1 WHAT THIS DIVISION IS ABOUT  

Generally, you cannot include more than $3 million in fuel tax credits in your net fuel amounts in a financial year unless you are a member of the Greenhouse Challenge Plus Programme.

If you are denied a credit under this Division and you later become a member of the programme, you have a decreasing fuel tax adjustment of the amount of the credit that you were denied.