2022‑2023

The Parliament of the

Commonwealth of Australia

HOUSE OF REPRESENTATIVES

Excise Tariff Proposal (No. 1) 2023

Motion to be moved

1. That the Excise Tariff Act 1921 be altered as set out in Schedule 1 to this Proposal and that the alterations operate on and from 1 September 2023 and apply in relation to goods entered for home consumption on or after:

(a) 1 September 2023; or

(b) if, in relation to the indexation day that is 1 September 2023, subsection 6AA(7) of the Excise Tariff Act 1921 has the effect of replacing a rate of duty on a later day—that later day.

Schedule 1—Alterations to the Excise Tariff Act 1921

1 Subsections 6AA(5) and (6)

Repeal the subsections, substitute:

(5) Despite subsection (3), treat the indexation factor for 1 September 2023, 1 September 2024 and 1 September 2025 as 1 if, on that day, it would otherwise be less than 1.

Additional factor

(6) The additional factor for an indexation day is:

(a) 1.05, if the indexation day is 1 September 2023, 1 September 2024 or 1 September 2025; or

(b) 1, for each other indexation day.

2 Subsection 6AAB(2)

Repeal the subsection, substitute:

(2) The weight conversion factor is:

(a) for a day on or after the first replacement day and before the second replacement day—0.000675; or

(b) for a day on or after the second replacement day and before the third replacement day—0.00065; or

(c) for a day on or after the third replacement day and before the fourth replacement day—0.000625; or

(d) for a day on or after the fourth replacement day—0.0006.

3 Subsections 6AAB(4) to (7)

Repeal the subsections, substitute:

Replacement days

(4) For the purposes of this section, the first replacement day is:

(a) 1 September 2023; or

(b) if, in relation to the indexation day that is 1 September 2023, subsection 6AA(7) has the effect of replacing a rate of duty on a later day—that later day.

(5) For the purposes of this section, the second replacement day is:

(a) 1 September 2024; or

(b) if, in relation to the indexation day that is 1 September 2024, subsection 6AA(7) has the effect of replacing a rate of duty on a later day—that later day.

(6) For the purposes of this section, the third replacement day is:

(a) 1 September 2025; or

(b) if, in relation to the indexation day that is 1 September 2025, subsection 6AA(7) has the effect of replacing a rate of duty on a later day—that later day.

(7) For the purposes of this section, the fourth replacement day is:

(a) 1 September 2026; or

(b) if, in relation to the indexation day that is 1 September 2026, subsection 6AA(7) has the effect of replacing a rate of duty on a later day—that later day.