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.