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Edited version of your private ruling
Authorisation Number: 1012389331379
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Ruling
Subject: Fuel tax credits - calculation of entitlements
What is this ruling about:
This ruling considered whether the proposed method of calculating fuel tax credit entitlements for taxable fuel acquired and used in mining construction was fair and reasonable.
The Commissioner ruled that calculating fuel tax credits in respect to taxable fuel acquired and used in construction activities based on the geometric area of construction is considered to be a fair and reasonable method of apportionment.
This ruling applies for the following periods:
Year ending 30 June 2010
Year ending 30 June 2011
Year ending 30 June 2012
The scheme commences on:
1 July 2009
Relevant legislative provisions
Fuel Tax Act 2006 section 41-5
Fuel Tax Act 2006 section 60-5