Commonwealth Numbered Acts

EXCISE TARIFF AMENDMENT ACT 1987 No. 53 of 1987 - SECT 3

3. Section 6B of the Principal Act is amended:

   (a)  by inserting after subsection (1) the following subsection:

"(1A) Unless the contrary intention appears, in calculating, for the purposes
of this section, the notional duty in respect of relevant oil entered for home
consumption during a period commencing on 1 July 1986 and ending after 1
August 1986, '80%' shall be taken to have been specified in paragraph (7) (g)
instead of '87%' throughout that period.";

   (b)  by inserting in subsection (3) "(being a division ending before 1
        August
1986 or commencing on or after 1 July 1987)" after "financial year" (first
occurring);

   (c)  by inserting after subsection (3) the following subsection:

"(3A) The amount of duty in respect of relevant oil produced from a particular
prescribed production area and entered for home consumption during a
particular prescribed division of a financial year (being a division
commencing on or after 1 August 1986 and ending before 1 July 1987) is the
amount ascertained in accordance with the formula:
ND + JD - DP where:
ND is the amount of notional duty in respect of relevant oil produced from
that production area and entered for home consumption during the period
commencing on 1 July 1986 and ending on the expiration of that prescribed
division;
JD is the difference between:

   (a)  the amount of notional duty in respect of relevant oil produced from
        that production area and entered for home consumption during July
        1986; and

   (b)  the amount that would have been the amount of notional duty in respect
        of that oil if, throughout that month, 80% had been specified in
        paragraph (7) (g) instead of 87%;
DP is the amount of duty (if any) paid in respect of the relevant oil produced
from that production area and entered for home consumption during that
period."; and

   (d)  by omitting from paragraph (7) (g) "87%" and substituting "80%".