Summary

Introduced with the Excise Tariff Amendment (Ethanol and Biodiesel) Bill 2015, the bill amends: the

to provide that: excise-equivalent customs duty cannot be extinguished on imported fuel ethanol and biodiesel; and excise-equivalent customs duty is payable on the biofuels component of an imported blend of fuel; the to: provide that the exemption from the blending rule also applies where biofuels have been subject to different rates of duty; and remove the requirement that biofuel blends that have been subject to duty cannot be blended with other duty-paid fuels without being subject to excise duty; the to require that fuel tax credits for fuel ethanol, and biodiesel and blends including certain biofuels are calculated as if they had been subject to the excise rate of duty, whether locally manufactured or imported; and four Acts to make consequential amendments. Also repeals the .