Summary
Introduced with the Excise Tariff Amendment (Product Stewardship for Oil) Bill 2023, the bill amends the
Customs Tariff Act 1995
to: increase the specific rate of customs duty imposed on the import of petroleum based oils and their synthetic equivalents from 8.5 cents to 14.2 cents per litre or kilogram; and make amendments contingent on the commencement of the
Customs Tariff Amendment (Australia-United Kingdom Free Trade Agreement Implementation) Act 2022
.