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Second Reading Speeches

Excise Legislation Amendment (Condensate) Bill 2011

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Introduced with the Excise Tariff Amendment (Condensate) Bill 2011, the bill amends the

Petroleum Excise (Prices) Act 1987
to: clarify that failure to provide petroleum producers with written notification of a Volume Weighted Average of Realised (VOLWARE) price determination does not affect the making of the determination; and provide that producers may seek a review within 28 days of receiving written notice of a final VOLWARE price determination.