15 May 2008
House of Representatives
Introduced with the Excise Tariff Amendment (Condensate) Bill 2008, the bill amends the:
Petroleum Excise (Prices) Act 1987 to ensure the method for determining the price of condensate (to calculate the excise payable) is the same as that used to determine the price of stabilised crude petroleum oil; and
Excise Act 1901 and
Petroleum Revenue Act 1985 to ensure condensate is treated consistently to stabilised crude petroleum oil for the purposes of the excise.