EXPLANATORY STATEMENT
Statutory Rules 1985 No. 13
Excise Regulations (Amendment)
Issued by the Authority of the Minister of State for Industry, Technology and Commerce
Section 78A of the Excise Act 1901 provides for rebates of excise duty on diesel fuel used for certain specified purposes.
The purpose of the attached regulations is to amend Excise Regulation 52A to provide a new rate of rebate of duty, indexed to movements in the Consumer Price Index for the December quarter 1984, in respect of diesel fuel.
The indexation of the diesel fuel rebate was announced by the Treasurer in the 1984/85 Budget Speech.
Regulation 1 provides for the amending regulations to come into operation on 2 February 1985, that is, the date of effect of indexation alterations that were made to the customs and excise duty rates on diesel fuel by the Minister and notified in the Gazette.
Regulation 2 amends Excise Regulation 52A to alter the rate of rebate of duty in respect of diesel fuel from $0.07155 per litre to $0.07341 per litre.