EXCISE TARIFF ACT 1921
For the purposes of subitem 10.21 of the Schedule, the rate of duty is the following rate rounded to 3 decimal places (rounding up if the next decimal place is 5 or more):
|Rate for biodiesel|
|Item||For the financial year starting on:||the rate is the rate per litre equal to this percentage of the rate in subitem 10.10 of the Schedule:|
|1||1 July 2015||0%|
|2||1 July 2016||3.333%|
|3||1 July 2017||6.667%|
|4||1 July 2018||10%|
|5||1 July 2019||13.333%|
|6||1 July 2020||16.667%|
|7||1 July 2021||20%|
|8||1 July 2022||23.333%|
|9||1 July 2023||26.667%|
|10||1 July 2024||30%|
|11||1 July 2025||33.333%|
|12||1 July 2026||36.667%|
|13||1 July 2027||40%|
|14||1 July 2028||43.333%|
|15||1 July 2029||46.667%|
|16||1 July 2030 or a later 1 July||50%|
The rate in subitem 10.10 of the Schedule is the rate for diesel. That rate is indexed under section 6A .
A rate of duty worked out using a table item in subsection (1) applies to goods manufactured or produced in Australia during a financial year referred to in that item, and goods for which all the following conditions are met:
(a) the goods were manufactured or produced in Australia before a financial year referred to in that item;
(b) at the start of that financial year, the goods were either:
(i) subject to the CEO ' s control; or
(ii) in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods;
(c) no duty of excise had been paid on the goods before that financial year.
This subsection has effect despite subsection 5(2) .
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