Document ID: chunk:federal_register_of_legislation:C2016C00974:clause:2_3
Version: federal_register_of_legislation:C2016C00974
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 83565–85520

3  At the end of Subdivision 60‑A
Add:

60‑10  Determinations relating to how to work out net fuel amounts
 (1) The Commissioner may make a determination that, in the circumstances specified in the determination, a *net fuel amount for a *tax period or a *fuel tax return period may be worked out to take account of other matters in the way specified in the determination.
 (2) The matters must relate to correction of errors:
 (a) that were made in working out *net fuel amounts to which subsection (3) or (4) applies; and
 (b) that do not relate to amounts:
 (i) that have ceased to be payable by you because of section 105‑50 in Schedule 1 to the Taxation Administration Act 1953; or
 (ii) to which, because of section 105‑55 in that Schedule, you are not entitled.
Note: Paragraph (2)(b) will be repealed on 1 January 2017 (see Part 2 of Schedule 1 to the Indirect Tax Laws Amendment (Assessment) Act 2012).
 (3) This subsection applies to a *net fuel amount for a *tax period (the earlier tax period) if:
 (a) the earlier tax period precedes the tax period mentioned in subsection (1); and
 (b) if the earlier tax period started on or after 1 July 2012—the tax period mentioned in subsection (1) starts during the *period of review for the *assessment of the net fuel amount.
 (4) This subsection applies to a *net fuel amount for a *fuel tax return period (the earlier fuel tax return period) if:
 (a) the earlier fuel tax return period precedes the fuel tax return period mentioned in subsection (1); and
 (b) if the earlier fuel tax return period started on or after 1 July 2012—the fuel tax return period mentioned in subsection (1) starts during the *period of review for the *assessment of the net fuel amount.
 (5) If the circumstances mentioned in subsection (1) apply in relation to a *tax period or a *fuel tax return period applying to you, you may work out your *net fuel amount for the tax period or fuel tax return period in that way.