Summary
Part of a package of 18 bills to implement a carbon pricing mechanism, the bill amends the: Excise Tariff Act 1921 to increase aviation fuel excise by an amount equivalent to the carbon emission price of the fuel, had the aviation fuel been subject to carbon pricing; and Excise Act 1901, Excise Tariff Act 1921 and Excise Tariff Amendment (Taxation of Alternative Fuels) Act 2011 to reduce the excise exemption for non-transport compressed natural gas (CNG) by an amount equivalent to the carbon emission price on CNG, had CNG been subject to carbon pricing.