- Date
-
27 Aug 2014
- Chamber
-
Senate
- Status
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Not Proceeding
-
Sponsor
-
MILNE, Sen Christine
- Summary
-
Amends the
Fuel Tax Act 2006
and Income Tax Assessment Act 1997
to abolish fossil fuel subsidies for the mining industry from 1 January 2015, including: the diesel fuel rebate; accelerated asset depreciation for aircraft, the oil and gas industry and vehicles; and immediate deductibility for exploration and prospecting expenses.