Summary
Introduced with the Fuel Tax (Consequential and Transitional Provisions) Bill 2006, the bill provides for: a single system of fuel tax credits to remove or reduce the incidence of fuel tax levied on taxable fuels from 1 July 2006; and a framework for the taxation of gaseous fuels from 1 July 2011, when fuel tax will be levied on liquefied petroleum gas, liquefied natural gas and compressed natural gas for the first time. Fuel tax credits for certain claimants will be conditional on meeting certain environmental criteria.