Commonwealth Consolidated Acts

FUEL TAX ACT 2006 - SECT 65.5

Attribution rules for fuel you acquire or import

  (1)   If you are * registered for GST, or * required to be registered for GST, your fuel tax credit for taxable fuel that you acquire or import is attributable to:

  (a)   the same * tax period that your * input tax credit for the fuel is attributable to under the * GST Act; or

  (b)   the same tax period that an input tax credit would have been attributable to under that Act if the fuel had been a * creditable acquisition or a * creditable importation.

  (2)   If you are neither * registered for GST, nor * required to be registered for GST, your fuel tax credit for taxable fuel that you acquire or import is attributable to the * fuel tax return period in which you acquire or import the fuel.

Attribution rule for fuel you manufacture

  (3)   Your fuel tax credit for taxable fuel that you manufacture is attributable to the * tax period or * fuel tax return period in which the fuel was entered for home consumption (within the meaning of the Excise Act 1901 ).

Later attribution rule for fuel tax credits

  (4)   If your return for a * tax period or * fuel tax return period does not take into account a fuel tax credit that is attributable to the period mentioned in subsection   ( 1), (2) or (3), then the credit:

  (a)   ceases to be attributable to that period; and

  (b)   becomes attributable to the first period for which you give the Commissioner a return that does take it into account.

Note:   For another attribution rule for fuel tax credits, see subsection   46 - 5(4) (GST instalment taxpayers).