WARNING:
This Digest was prepared for debate. It reflects the legislation as
introduced and does not canvass subsequent amendments. This Digest
does not have any official legal status. Other sources should be
consulted to determine the subsequent official status of the
Bill.
CONTENTS
Excise Tariff Amendment Bill (No.4) 1997
Date Introduced: 3 September 1997
House: House of Representatives
Portfolio: Industry, Science and Tourism
Commencement: Immediately following the
commencement of the Excise Tariff (Fuel Rates Amendments) Act
1997 which was introduced on 25 June 1997 and is yet to pass
either the House or the Senate.
The Bill amends the Schedule to the Excise Tariff Act
1921 (the principal Act) to preserve increases in the rates of
excise duty on certain petroleum products.
Higher rates of excise were imposed by the Excise Tariff
Amendment Act (No.3) 1997 as part of the Commonwealth's safety
net legislation passed to protect State and Territory revenues
after the High Court's decisions invalidating or casting doubt on
State and Territory franchise taxes.(1)
The excise measures provided for here are similar to those
affecting rates of customs duty provided for in the accompanying
Bills Digest.
Like the proposals contained in the Customs Tariff Amendment
Bill (No.4) 1997, the proposed measures are made necessary by the
likely passage of the Government's fuel tax substitution
proposals.
Item 1 amends the Schedule to the principal Act
as it will stand after the passage of the Excise Tariff (Fuel Rates
Amendments) Bill 1997. The latter Bill, amongst other things,
retains the three-tiered excise tariff on petroleum products based
on the intended use of those products.
Item 2 similarly increases rates of excise on
certain petroleum products but in this case, for those products
where the fuel has a lead content exceeding 13 milligrams per
litre.
Item 3 applies the rates of increased duty only
to those items which have cleared an excise collection point and
entered home consumption after the date that this Act
commences.
- Handed down on 5 August 1997.
Bob Bennett
15 September 1997
Bills Digest Service
Information and Research Services
This Digest does not have any official legal status. Other
sources should be consulted to determine whether the Bill has been
enacted and, if so, whether the subsequent Act reflects further
amendments.
IRS staff are available to discuss the paper's contents
with Senators and Members and their staff but not with members of
the public.
ISSN 1328-8091
© Commonwealth of Australia 1997
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of the Australian Parliament in the course of their official
duties.
Published by the Department of the Parliamentary Library,
1997.
This page was prepared by the Parliamentary Library,
Commonwealth of Australia
Last updated: 15 September 1997
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