Summary
Introduced with the Product Stewardship (Oil) Amendment Bill 2020 in response to the Federal Court's decision in
Caltex Australia Petroleum Pty Ltd v Commissioner of Taxation
[2019] FCA 1849, the bill amends the
Excise Tariff Act 1921
to narrow the scope of petroleum-based oils and synthetic equivalents for which excise duties are imposed for the purposes of the Product Stewardship for Oil Scheme to exclude diesel and other fuels.