Energy Grants and Other Legislation Amendment (Ethanol and Biodiesel) Act 2015 (81 of 2015)

Schedule 1   Amendments

Part 1   Main amendments

Fuel Tax Act 2006

9   Subsection 43-7(7)

Repeal the subsection, substitute:

Working out the fuel tax for certain fuels containing ethanol or biodiesel

(7) Work out the *effective fuel tax under subsection 43-5(2) for taxable fuel:

(a) that you acquired, manufactured or imported; and

(b) that is, or is a blend containing, ethanol or *biodiesel; and

(c) to which neither subsection (1) nor (2) of this section applies;

as if all the ethanol or biodiesel were manufactured or produced in Australia.

Note: As you may not know whether the ethanol or biodiesel is imported or manufactured domestically, this subsection requires you to work out the effective fuel tax assuming that they were manufactured domestically.