Excise Tariff Amendment Act (No. 2) 2001

(67 of 2001)

An Act to amend the Excise Tariff Act 1921, and for related purposes

[Assented to 30 June 2001]

The Parliament of Australia enacts:

1   Short title

This Act may be cited as theExcise Tariff Amendment Act (No. 2) 2001.

2   Commencement

This Act commences on the day on which it receives the Royal Assent.

3   Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1   Removal of indexation of rates for petroleum fuels

Excise Tariff Act 1921

1   After subsection 6A(1)

Insert:

(1A) For the indexation period that commences on 1 August 2001 and any subsequent indexation period, this section does not apply to:

(a) a rate of duty specified in item 11 or 12 of the Schedule; or

(b) an excise tariff alteration that proposes to alter a rate specified in item 11 or 12 of the Schedule.