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This is a Bill, not an Act. For current law, see the Acts databases.
1998-1999-2000-2001
The
Parliament of the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
Excise Tariff
Amendment (Rural and Regional Infrastructure) Bill
2001
No. ,
2001
(Mr
Katter)
A Bill for an Act to amend
the Excise Tariff Act 1921, and for related purposes
ISBN: 0642 46829X
Contents
Excise Tariff Act 1921 3
A Bill for an Act to amend the Excise Tariff Act
1921, and for related purposes
The Parliament of Australia enacts:
This Act may be cited as the Excise Tariff Amendment (Rural and
Regional Infrastructure) Act 2001.
This Act commences on the day on which it receives the Royal
Assent.
Each Act that is specified in a Schedule to this Act is amended or
repealed as set out in the applicable items in the Schedule concerned, and any
other item in a Schedule to this Act has effect according to its
terms.
(1) From 1 May 2001 an amount of excise revenue
on certain petroleum products will be reserved for rural and regional
infrastructure expenditure.
(2) Every six months the Commissioner of Taxation is to determine the
amount of reserved duty at the rate of 1.5 cents per litre on the total volume
of production falling to certain petroleum products in items 11, 12 and 17 of
the Schedule.