Document ID: chunk:federal_register_of_legislation:C2022A00015:clause:1_6l
Version: federal_register_of_legislation:C2022A00015
Segment Type: clause
Provision Reference: sch 1 cl 6L
Character Range: 4580–6384

6L  Temporary reduction—rates of duty payable under item 15 of the Schedule

Temporary rate reduction
 (1) This Act has effect as if on 30 March 2022:
 (a) the rates of duty under subitems 15.1 and 15.2 of the Schedule are $0.043 per litre; and
 (b) the rates of duty under subitems 15.3 and 15.4 of the Schedule are $0.043 per kilogram.
 (2) A rate of duty that applies under subsection (1) applies to:
 (a) goods manufactured or produced in Australia on or after 30 March 2022; and
 (b) goods manufactured or produced in Australia before 30 March 2022 if:
 (i) on 30 March 2022, the goods were either subject to the CEO's control, or were in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods; and
 (ii) no duty of excise had been paid on the goods before 30 March 2022.
 (3) Subsection (2) has effect despite subsection 5(2).

Restoration of rates
 (4) This Act has effect as if on 29 September 2022:
 (a) the rates of duty under subitems 15.1 and 15.2 of the Schedule are $0.085 per litre; and
 (b) the rates of duty under subitems 15.3 and 15.4 of the Schedule are $0.085 per kilogram.
 (5) A rate of duty that applies under subsection (4) applies to:
 (a) goods manufactured or produced in Australia on or after 29 September 2022; and
 (b) goods manufactured or produced in Australia before 29 September 2022 if:
 (i) on 29 September 2022, the goods were either subject to the CEO's control, or were in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods; and
 (ii) no duty of excise had been paid on the goods before 29 September 2022.
 (6) Subsection (5) has effect despite subsection 5(2).

[Minister's second reading speech made in—
House of Representatives on 30 March 2022
Senate on 30 March 2022]

(48/22)