Document ID: chunk:federal_register_of_legislation:C2015A00101:clause:1_6faa
Version: federal_register_of_legislation:C2015A00101
Segment Type: clause
Provision Reference: sch 1 cl 6FAA
Character Range: 9300–10504

6FAA  Change in duty rate of certain liquefied petroleum gases, liquefied natural gases and compressed natural gases
 (1) This Act has effect as if, on 1 July 2015:
 (a) the rate of duty in subitem 10.19A of the Schedule is replaced by:
 (i) $0.126 per litre; or
 (ii) if the indexed rate worked out under subsection (2) is greater than $0.126 per litre—that indexed rate; and
 (b) the rate of duty in subitem 10.19B of the Schedule is replaced by:
 (i) $0.2644 per kilogram; or
 (ii) if the indexed rate worked out under subsection (2) is greater than $0.2644 per kilogram—that indexed rate; and
 (c) the rate of duty in subitem 10.19C of the Schedule is replaced by:
 (i) $0.2644 per kilogram; or
 (ii) if the indexed rate worked out under subsection (2) is greater than $0.2644 per kilogram—that indexed rate.
 (2) To work out the indexed rate, index the rate mentioned in paragraph (1)(a), (b) or (c) (as applicable) on 1 February 2015 under section 6A, on the assumptions that:
 (a) the rate is a CPI indexed rate for the purposes of that section; and
 (b) the amount of that rate on the day before 1 February 2015 is the amount set out in subparagraph (1)(a)(i), (b)(i) or (c)(i) (as applicable).