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
Excise Tariff Act 1921
to: simplify and clarify the existing excise tariff (including removing coal from the tariff) to ensure the tariff relates to classification of goods (for the purpose of taxing them) and does not include concessional rates of duty (with any concessional treatment to be delivered by the proposed
Fuel Tax Act 2006
); remove the various rates applying to fuel and replace them with two rates of duty, one for aviation fuel and one for other fuels; include fuels manufactured from sources other than petroleum, oil shale or coal; exclude certain recycled product; remove redundant provisions; and apply the non-stick tobacco excise rate to snuff tobacco.