EXCISE TARIFF ACT 1921

SECTION 6J   Rate of duty payable on biodiesel  

Rate of duty

6J(1)  
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%

Note:

The rate in subitem 10.10 of the Schedule is the rate for diesel. That rate is indexed under section 6A .

6J(2)  
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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