Document ID: chunk:federal_register_of_legislation:C2011A00157:clause:1_3
Version: federal_register_of_legislation:C2011A00157
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 4085–4697

3  At the end of section 40‑5 (after the note)
Add:
 (3) For fuel that is not *covered by the Opt‑in Scheme, your fuel tax credit entitlement is (with some exceptions) reduced by an amount equivalent to what the carbon price on the fuel emissions would be (if those emissions were subject to a carbon price). For fuel that is covered by that Scheme, your entitlement is not so reduced.
 (4) Fuel tax credits are also provided for fuel for use in aircraft if the fuel is *covered by the Opt‑in Scheme. The amount of the credit is limited to the carbon component rate that was factored into the rate of fuel tax.