Fuel Tax Reform

The Government announced in the 2010-11 Budget that it would complete the longstanding plan for energy content based taxation of alternative fuels, incorporating a 50% tax discount for alternative fuels and new staged phasing in arrangements for ethanol.A further revision to the phasing in arrangements for ethanol was announced on 7 September 2010.  On 15 October 2010, the Assistant Treasurer released a discussion paper for public consultation on the implementation of the excise arrangements for alternative fuels.  The Government intends to release an exposure draft of the proposed legislation prior to its introduction into Parliament.  The reforms will apply from 1 July 2011.

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