Summary
Introduced with the Excise Tariff Amendment Bill 2020 in response to the Federal Court's decision in Caltex Australia Petroleum Pty Ltd v Commissioner of Taxation [2019] FCA 1849, the bill amends the Product Stewardship (Oil) Act 2000 to amend the definition of 'oils' to apply only to lubricant oils, fluid oils and other oils and greases manufactured from base oils.