Document ID: chunk:federal_register_of_legislation:C2013C00334:clause:2_78
Version: federal_register_of_legislation:C2013C00334
Segment Type: clause
Provision Reference: sch 2 cl 78
Character Range: 79646–80303

78  At the end of Subdivision 41‑B
Add:

41‑35  No fuel tax credit under this Division or Division 42 for gaseous fuel that is subject to the carbon pricing mechanism
 (1) You are not entitled to a fuel tax credit (under this Division or Division 42) for taxable fuel if:
 (a) the fuel is compressed natural gas, liquefied petroleum gas or liquefied natural gas; and
 (b) the fuel is subject to the carbon pricing mechanism (within the meaning of subsection 42A‑5(3) or (4)).
 (2) For the purposes of this section, compressed natural gas, liquefied petroleum gas and liquefied natural gas have the same respective meanings as in the Clean Energy Act 2011.