Summary

Part of a package of 4 bills to replace the current system of fuel tax concessions with a single fuel tax credit system from 1 July 2006, the bill amends the:

to: clarify the arrangements for using imported inputs in the manufacture of excisable goods; streamline administrative arrangements for concessional spirits; establish common validity periods for all excise licences and include additional factors which may be taken into account when granting or suspending a licence; provide for rules to govern the measurement of excisable goods; remove redundant provisions; and include provisions to protect the revenue in relation to tobacco leaf and bulk beer; to include a biofuel manufactured from vegetable oils or animal fats through a process of hydrogenation as a “cleaner fuel”. Also makes consequential amendments to 6 Acts; and repeals 7 redundant Acts.