Commonwealth Consolidated Acts Commonwealth Consolidated ActsRate of duty
(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.
(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).