ENERGY GRANTS (CLEANER FUELS) SCHEME REGULATIONS 2004
For subsection 8(1) of the Act, the amount of grant to which a claimant is entitled in relation to a quantity of renewable diesel is worked out using the formula:
| (Renewable diesel amount × Relevant duty rate) − Previous grant |
where:
renewable diesel amount
means the amount worked out under subregulation
5A(1)
.
relevant duty rate
means the duty rate at the time when the renewable diesel is entered.
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previous grant
means the total amount of cleaner fuel grant worked out in relation to any of the final fuel for which provisional entitlements arose before the qualifying time under section
5
of the Act.
Note:
A quantity of final fuel might contain some components of renewable diesel for which provisional entitlements arose before the qualifying time under section 5 of the Act.
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