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This is a Bill, not an Act. For current law, see the Acts databases.
2019-2020-2021-2022
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Excise Tariff Amendment (Cost of Living
Support) Bill 2022
No. , 2022
(Treasury)
A Bill for an Act to amend the Excise Tariff Act
1921, and for related purposes
No. , 2022
Excise Tariff Amendment (Cost of Living Support) Bill 2022
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedules ........................................................................................... 2
Schedule 1--Amendments
3
Excise Tariff Act 1921
3
No. , 2022
Excise Tariff Amendment (Cost of Living Support) Bill 2022
1
A Bill for an Act to amend the Excise Tariff Act
1
1921, and for related purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act is the
Excise Tariff Amendment (Cost of Living Support)
5
Act 2022
.
6
2 Commencement
7
(1) Each provision of this Act specified in column 1 of the table
8
commences, or is taken to have commenced, in accordance with
9
column 2 of the table. Any other statement in column 2 has effect
10
according to its terms.
11
12
2
Excise Tariff Amendment (Cost of Living Support) Bill 2022
No. , 2022
Commencement information
Column 1
Column 2
Column 3
Provisions
Commencement
Date/Details
1. The whole of
this Act
The day this Act receives the Royal Assent.
Note:
This table relates only to the provisions of this Act as originally
1
enacted. It will not be amended to deal with any later amendments of
2
this Act.
3
(2) Any information in column 3 of the table is not part of this Act.
4
Information may be inserted in this column, or information in it
5
may be edited, in any published version of this Act.
6
3 Schedules
7
Legislation that is specified in a Schedule to this Act is amended or
8
repealed as set out in the applicable items in the Schedule
9
concerned, and any other item in a Schedule to this Act has effect
10
according to its terms.
11
Amendments
Schedule 1
No. , 2022
Excise Tariff Amendment (Cost of Living Support) Bill 2022
3
Schedule 1--Amendments
1
2
Excise Tariff Act 1921
3
1 After section 6J
4
Insert:
5
6K Temporary reduction--CPI indexed fuel rates
6
Temporary rate reduction
7
(1) Despite any other provision of this Act, each CPI indexed fuel rate
8
is, during a rate reduction period, a rate equal to 50% of the rate
9
that it would have been during that period apart from this section
10
(including because of the operation of section 6A).
11
Note:
For
CPI indexed fuel rate
and
rate reduction period
, see
12
subsection (8).
13
(2) An amount worked out under subsection (1) is to be rounded to 3
14
decimal places (rounding up if the next decimal place is 5 or
15
more).
16
(3) A CPI indexed fuel rate that applies under subsection (1) during a
17
rate reduction period applies to:
18
(a) goods manufactured or produced in Australia during that
19
period; and
20
(b) goods manufactured or produced in Australia before the start
21
of that period if:
22
(i) at the start of the period, the goods were either subject
23
to the CEO's control, or were in the stock, custody or
24
possession of, or belonged to, a manufacturer or
25
producer of the goods; and
26
(ii) no duty of excise had been paid on the goods before the
27
start of the period.
28
(4) Subsection (3) has effect despite subsection 5(2).
29
Schedule 1
Amendments
4
Excise Tariff Amendment (Cost of Living Support) Bill 2022
No. , 2022
Restoration of rates
1
(5) This Act has effect as if, on 29 September 2022, each CPI indexed
2
fuel rate is a rate equal to the rate that it would have been on the
3
August adjustment day apart from subsection (1) (including
4
because of the operation of section 6A).
5
Note 1:
For
August adjustment day
, see subsection (8).
6
Note 2:
A rate that applies under this subsection is subject to later indexation
7
under section 6A.
8
(6) A CPI indexed fuel rate that applies under subsection (5) applies
9
to:
10
(a) goods manufactured or produced in Australia on or after
11
29 September 2022; and
12
(b) goods manufactured or produced in Australia before
13
29 September 2022 if:
14
(i) on 29 September 2022, the goods were either subject to
15
the CEO's control, or were in the stock, custody or
16
possession of, or belonged to, a manufacturer or
17
producer of the goods; and
18
(ii) no duty of excise had been paid on the goods before
19
29 September 2022.
20
(7) Subsection (6) has effect despite subsection 5(2).
21
Definitions
22
(8) In this section:
23
August adjustment day
means the following:
24
(a) 1 August 2022, unless paragraph (b) applies;
25
(b) if, in relation to the indexation day that is 1 August 2022, the
26
replacement under section 6A of a rate of duty happens on
27
another day in accordance with subsection 6A(5)--that other
28
day.
29
CPI indexed fuel rate
means a rate covered by paragraph (b) or (c)
30
of the definition of
CPI indexed rate
in subsection 6A(10).
31
rate reduction period
: each of the following is a
rate reduction
32
period
:
33
Amendments
Schedule 1
No. , 2022
Excise Tariff Amendment (Cost of Living Support) Bill 2022
5
(a) the period beginning on 30 March 2022 and ending at the end
1
of the day before the August adjustment day;
2
(b) the period beginning on the August adjustment day and
3
ending at the end of 28 September 2022.
4
6L Temporary reduction--rates of duty payable under item 15 of
5
the Schedule
6
Temporary rate reduction
7
(1) This Act has effect as if on 30 March 2022:
8
(a) the rates of duty under subitems 15.1 and 15.2 of the
9
Schedule are $0.043 per litre; and
10
(b) the rates of duty under subitems 15.3 and 15.4 of the
11
Schedule are $0.043 per kilogram.
12
(2) A rate of duty that applies under subsection (1) applies to:
13
(a) goods manufactured or produced in Australia on or after
14
30 March 2022; and
15
(b) goods manufactured or produced in Australia before
16
30 March 2022 if:
17
(i) on 30 March 2022, the goods were either subject to the
18
CEO's control, or were in the stock, custody or
19
possession of, or belonged to, a manufacturer or
20
producer of the goods; and
21
(ii) no duty of excise had been paid on the goods before
22
30 March 2022.
23
(3) Subsection (2) has effect despite subsection 5(2).
24
Restoration of rates
25
(4) This Act has effect as if on 29 September 2022:
26
(a) the rates of duty under subitems 15.1 and 15.2 of the
27
Schedule are $0.085 per litre; and
28
(b) the rates of duty under subitems 15.3 and 15.4 of the
29
Schedule are $0.085 per kilogram.
30
(5) A rate of duty that applies under subsection (4) applies to:
31
Schedule 1
Amendments
6
Excise Tariff Amendment (Cost of Living Support) Bill 2022
No. , 2022
(a) goods manufactured or produced in Australia on or after
1
29 September 2022; and
2
(b) goods manufactured or produced in Australia before
3
29 September 2022 if:
4
(i) on 29 September 2022, the goods were either subject to
5
the CEO's control, or were in the stock, custody or
6
possession of, or belonged to, a manufacturer or
7
producer of the goods; and
8
(ii) no duty of excise had been paid on the goods before
9
29 September 2022.
10
(6) Subsection (5) has effect despite subsection 5(2).
11