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Excise Tariff Amendment (Product Stewardship for Waste Oil) Bill 2000
Date Introduced: 22 June 2000
House: House of Representatives
Commencement: The Bill commences on Royal Assent. However, the operative part of the Bill (Schedule 1) commences on the same day as Part 2 of the Product Stewardship (Oil) Bill 2000.
To amend the Excise Tariff Act 1921 to introduce a five cent a litre / a kilogram excise on domestically produced lubricant-type oils.
The proposed excise will assist in funding payments to eligible companies recycling waste oil under the Product Stewardship Oil scheme.
For further background, readers are referred to the Bills Digest No. 36, 2000-01 on the Product Stewardship (Oil) Bill 2000.
Under the existing taxation regime, domestically produced lubricant-type oils are not subject to excise. Schedule 1 amends various aspects of the Schedule to the Excise Tariff Act 1921 with the effect that these oils will be subject to a 5 cent a litre / a kilogram excise.
11 September 2000
Bills Digest Service
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© Commonwealth of Australia 2000
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Published by the Department of the Parliamentary Library, 2000.
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