Document ID: chunk:federal_register_of_legislation:C2021C00299:section:7:p5
Version: federal_register_of_legislation:C2021C00299
Segment Type: section
Provision Reference: s 7 (pt 5/6)
Character Range: 21222–23785

You are not entitled to a fuel tax credit for taxable fuel that you acquire, manufacture or import for use as fuel in aircraft if the fuel was entered for home consumption for that use (within the meaning of the Excise Act 1901 or the Customs Act 1901, as the case requires).

Division 42—Fuel tax credit for non‑business taxpayers

Table of Subdivisions
 Guide to Division 42
42‑A Fuel tax credit for non‑business taxpayers

Guide to Division 42

42‑1  What this Division is about
      Fuel tax credits are provided under this Division to non‑business taxpayers. Currently, a credit is only provided for fuel to be used by you for generating electricity for domestic use.

Subdivision 42‑A—Fuel tax credit for non‑business taxpayers

Table of Sections
42‑5 Fuel tax credit for fuel to be used in generating electricity for domestic use

42‑5  Fuel tax credit for fuel to be used in generating electricity for domestic use
  You are entitled to a fuel tax credit for taxable fuel that you acquire or manufacture in, or import into, the indirect tax zone to the extent that you do so for use by you in generating electricity for domestic use.
Note: If you are carrying on an enterprise, you might be entitled to a credit under section 41‑5.

Division 43—Working out your fuel tax credit

Table of Subdivisions
 Guide to Division 43
43‑A Working out your fuel tax credit

Guide to Division 43

43‑1  What this Division is about

      The amount of your credit for taxable fuel is the amount of fuel tax that was payable on the fuel, reduced to take account of certain grants and subsidies that were payable in respect of the fuel (as the grants or subsidies reduced the amount of fuel tax that effectively applied to the fuel).
      For taxable fuel that is a blend of fuels, there are additional rules for working out the amount of your credit.
      In some cases, the credit is reduced so that some of the fuel tax can be retained as a road user charge.

Subdivision 43‑A—Working out your fuel tax credit

Table of Sections
43‑5 Working out your fuel tax credit
43‑6 Meaning of fuel tax
43‑7 Working out the effective fuel tax for fuel blends
43‑10 Reducing the amount of your fuel tax credit

43‑5  Working out your fuel tax credit
 (1) The *amount of your fuel tax credit for taxable fuel is the amount of *effective fuel tax that is payable on the fuel.
Note: The amount of the credit may be reduced under section 43‑10.

Amount of effective fuel tax
 (2) The *amount of effective fuel tax that is payable on the fuel is the amount (but not less than nil)