Fuel Tax Act 2006

Div 42A repealed by No 83 of 2014, s 3 and Sch 1 item 119, applicable to taxable fuel acquired, manufactured or imported on or after 1 July 2014.

Div 42A inserted by No 84 of 2012, s 3 and Sch 2 item 79, effective 1 July 2012.

Subdiv 42A-A repealed by No 83 of 2014, s 3 and Sch 1 item 119, applicable to taxable fuel acquired, manufactured or imported on or after 1 July 2014.

Subdiv 42A-A inserted by No 84 of 2012, s 3 and Sch 2 item 79, effective 1 July 2012.

S 42A-5 repealed by No 83 of 2014, s 3 and Sch 1 item 119, applicable to taxable fuel acquired, manufactured or imported on or after 1 July 2014. S 42A-5 formerly read:

SECTION 42A-5 FUEL TAX CREDIT FOR GASEOUS FUEL SUBJECT TO THE CARBON PRICING MECHANISM  
42A-5(1)
You are entitled to a fuel tax credit for taxable fuel that you acquire or manufacture in, or import into, Australia to the extent that:

(a) the fuel is compressed natural gas, liquefied petroleum gas or liquefied natural gas; and

(b) you acquire, manufacture or import the fuel for use in:

(i) *agriculture; or

(ii) *fishing operations; or

(iii) *forestry; and

(c) the fuel is subject to the carbon pricing mechanism (within the meaning of subsection (3) or (4)); and

(d) you acquire, manufacture or import the fuel for use in *carrying on your *enterprise.

Registration for GST

42A-5(2)
However, you are only entitled to the fuel tax credit if, at the time you acquire, manufacture or import the fuel, you are *registered for GST, or *required to be registered for GST.

When fuel is subject to the carbon pricing mechanism

42A-5(3)
Compressed natural gas is subject to the carbon pricing mechanism if:

(a) a person has, under section 33 or 35 of the Clean Energy Act 2011 , a preliminary emissions number for an eligible financial year; and

(b) the preliminary emissions number is attributable to the supply of the natural gas that was used to manufacture or produce the compressed natural gas.

42A-5(4)
Liquefied petroleum gas or liquefied natural gas is subject to the carbon pricing mechanism if:

(a) a person has, under section 36B or 36C of the Clean Energy Act 2011 , a preliminary emissions number for an eligible financial year; and

(b) the preliminary emissions number is attributable to the import, manufacture or production of the liquefied petroleum gas or liquefied natural gas.

Definitions

42A-5(5)
For the purposes of this section, compressed natural gas , liquefied petroleum gas , liquefied natural gas , preliminary emissions number , eligible financial year , natural gas , person and supply have the same respective meanings as in the Clean Energy Act 2011 .

S 42A-5 inserted by No 84 of 2012, s 3 and Sch 2 item 79, effective 1 July 2012.