Summary
Amends the
Excise Tariff Act 1921
to: allow the water component of emulsified diesel/water fuel blends produced by licensed excise manufacturers to be free of excise duty; exempt certain goods from the Product Stewardship Oil levy; amend rates of excise duty for low alcohol beer; and remove indexation provisions for those goods subject to the Product Stewardship Oil levy. Also contains application and transitional provisions.