Excise Tariff Act 1921

Despite any other provision of this Act, each CPI indexed fuel rate is, during a rate reduction period, a rate equal to 69.6% of the fuel duty rate that would have applied on that day apart from this section (including because of the operation of section 6A).

For CPI indexed fuel rate and rate reduction period, see subsection (6).

An amount worked out under subsection (1) is to be rounded to 3 decimal places (rounding up if the next decimal place is 5 or more).

A CPI indexed fuel rate that applies under subsection (1) during a rate reduction period applies to:

goods manufactured or produced in Australia during that period; and

goods manufactured or produced in Australia before the start of that period if:

at the start of the period, the goods were either subject to the CEO’s control, or were in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods; and

no duty of excise had been paid on the goods before the start of the period.

This Act has effect as if, on the August adjustment day, each CPI indexed fuel rate is a rate equal to the rate that it would have been on that day apart from subsection (1) (including because of the operation of section 6A).

For August adjustment day, see subsection (6).

A rate that applies under this subsection is subject to later indexation under section 6A.

A CPI indexed fuel rate that applies under subsection (3A) applies to:

goods manufactured or produced in Australia on or after the August adjustment day; and

goods manufactured or produced in Australia before the August adjustment day if:

on that day, the goods were either subject to the CEO’s control, or were in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods; and

no duty of excise had been paid on the goods before that day.

To avoid doubt, this section as in force immediately before the commencement of this subsection continues to apply in relation to goods to which this section applied at that time because of the operation of subsection (3) of this section.

Subsection (3) has effect despite subsection 5(2).

In this section:

1 August 2026, unless paragraph (b) applies; or

if, in relation to the indexation day that is 1 August 2026, the replacement under section 6A of a rate of duty happens on another day in accordance with subsection 6A(5)—that other day.