FUEL TAX ACT 2006
(Repealed by No 83 of 2014)
S 43-11 repealed by No 83 of 2014, s 3 and Sch 1 item 126, applicable to taxable fuel acquired, manufactured or imported on or after 1 July 2014. S 43-11 formerly read:
The reference to sections
Excise Tariff Act 1921
includes a reference to those sections as they have effect in relation to rates of duties of customs because of section
Customs Tariff Act 1995
SECTION 43-11 REDUCING THE AMOUNT OF YOUR FUEL TAX CREDIT: FUEL FOR USE IN AIRCRAFT
Fuel to which this section applies
This section applies to taxable fuel that you acquire, manufacture or import for use in aircraft if the fuel is *covered by the Opt-in Scheme. Reduction so that credits only cover carbon component rate of fuel tax
The *amount of your fuel tax credit for the taxable fuel is reduced by the amount of fuel tax that would have been payable by you on the fuel if the carbon component rate that applied under whichever of sections 6FA and 6FB of the Excise Tariff Act 1921 affected the rate of fuel tax on the fuel had instead been nil.
The reference to sections 6FA and 6FB of the Excise Tariff Act 1921 includes a reference to those sections as they have effect in relation to rates of duties of customs because of section 19A of the Customs Tariff Act 1995 .
S 43-11 inserted by No 157 of 2011, s 3 and Sch 1 item 15, applicable to fuel acquired, manufactured or imported on or after 1 July 2012.
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