Fuel Tax Act 2006

CHAPTER 3 - FUEL TAX CREDITS

PART 3-3 - SPECIAL RULES

Division 47 - Time limit on entitlements to fuel tax credits

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Guide to Division 47

SECTION 47-1 WHAT THIS DIVISION IS ABOUT

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Your entitlements to fuel tax credits cease unless they are included in your assessed net fuel amounts within a limited period (generally 4 years).

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History

S 47-1 amended by No 39 of 2012, s 3 and Sch 1 item 247, by omitting " However, this time limit does not apply in certain limited cases. " , effective 1 January 2017 and applicable in relation to payments and refunds that relate to tax periods, and fuel tax return periods, starting on or after 1 July 2012; and also in relation to payments and refunds that: (a) do not relate to any tax periods or fuel tax return periods; and (b) relate to liabilities or entitlements that arose on or after 1 July 2012.

S 47-1 substituted by No 39 of 2012, s 3 and Sch 1 item 167, applicable in relation to payments and refunds that relate to tax periods, and fuel tax return periods, starting on or after 1 July 2012; and also in relation to payments and refunds that: (a) do not relate to any tax periods or fuel tax return periods; and (b) relate to liabilities or entitlements that arose on or after 1 July 2012.

S 47-1 formerly read:

SECTION 47-1 WHAT THIS DIVISION IS ABOUT

Your entitlements to fuel tax credits cease unless you include them in your net fuel amounts within 4 years.

However, this time limit might not apply to any such entitlements relating to amounts that the Commissioner has notified to you, that arise as a result of fraud or evasion, or that you have notified to the Commissioner.

Note:

These amounts are dealt with in sections 105-50 and 105-55 in Schedule 1 to the Taxation Administration Act 1953 .

S 47-1 inserted by No 20 of 2010, s 3 and Sch 1 item 17, applicable, and taken to have applied, in relation to acquisitions, manufacturing, importations and adjustments that are taken into account in:

(a) returns given to the Commissioner under section 61-15 of the Fuel Tax Act 2006 on or after 1 July 2010; or

(b) amendments of such returns.

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