FUEL TAX ACT 2006

CHAPTER 3 - FUEL TAX CREDITS  

PART 3-3 - SPECIAL RULES  

Division 47 - Time limit on entitlements to fuel tax credits  

Subdivision 47-A - Time limit on entitlements to fuel tax credits  

SECTION 47-5   TIME LIMIT ON ENTITLEMENTS TO FUEL TAX CREDITS  

47-5(1)  
You cease to be entitled to a fuel tax credit to the extent that it has not been taken into account, in an *assessment of a *net fuel amount of yours, during the period of 4 years after the day on which you were required to give to the Commissioner a return for the tax period or fuel tax return period to which the fuel tax credit would be attributable under subsection 65-5(1) , (2) or (3) .

47-5(2)  
Without limiting subsection (1), you also cease to be entitled to a fuel tax credit for taxable fuel you acquire, manufacture or import, to the extent that you did not give to the Commissioner under section 61-15 during the period of 4 years after the day on which the acquisition, manufacture or importation occurred a return that takes the fuel tax credit into account.

Note:

Section 47-10 sets out circumstances in which your entitlement to the fuel tax credit does not cease under this section.




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