Fuel Taxation Determination

FTD 2006/2A3 - Addendum

Fuel tax: what records are required to be kept by taxpayers to substantiate a claim for a fuel tax credit?

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Addendum

This Addendum is a public ruling for the purposes of the Tax Administration Act 1953. It amends Fuel Tax Determination FTD 2006/2 to reflect changes to the Fuel Tax Act 2006 as a result of the Clean Energy (Fuel Tax Legislation Amendment) Act 2011

FTD 2006/2 is amended as follows:

1. Paragraph 9

Omit dot points 5 to 7; substitute:

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From 1 July 2008 to 30 June 2012 (inclusive), you are entitled to a half credit if you are carrying on an enterprise and you acquire off-road diesel fuel and petrol for use in activities for which an off-road credit under the Energy Grants Act was not previously available. From 1 July 2012, you will need to consider carbon emission charge consequences under Division 43 of the Fuel Tax Act 2006 in working out your fuel tax credit entitlement amount.

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From 1 July 2008 to 30 June 2012, you are entitled to a full credit if you are carrying on an enterprise and you acquire petrol for use in specified eligible activities for which you were entitled to an off-road credit under the Energy Grants Act. From 1 July 2012, you will need to consider carbon emission charge consequences under Division 43 of the Fuel Tax Act 2006 in working out your fuel tax credit entitlement amount.

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From 1 July 2011 to 30 June 2012, you are entitled to a full credit if you are carrying on an enterprise and you acquire for off-road use, alternative fuels such as biodiesel, ethanol, liquefied petroleum gas (LPG), compressed natural gas (CNG) and liquefied natural gas (LNG) and methanol. From 1 July 2012, you will need to consider carbon emission charge consequences under Division 43 of the Fuel Tax Act 2006 in working out your fuel tax credit entitlement amount.

This Addendum applies on and from 1 July 2012.

Commissioner of Taxation
27 June 2012

Not previously issued as a draft

References

ATO references:
NO 2006/3599

Related Rulings/Determinations:

FTD 2006/2