Document ID: chunk:federal_register_of_legislation:C2011A00068:clause:1_26
Version: federal_register_of_legislation:C2011A00068
Segment Type: clause
Provision Reference: sch 1 cl 26
Character Range: 13667–14712

26  Subsection 43‑5(2)
Repeal the subsection, substitute:

Amount of effective fuel tax
 (2) The *amount of effective fuel tax that is payable on the fuel is the amount (but not less than nil) worked out using the formula:
where:
fuel tax amount means the *amount of fuel tax that was or would be payable on the fuel at the rate in force on the day worked out using the table in subsection (2A).
grant or subsidy amount means the *amount of any grant or subsidy, except a grant specified in subsection (3), that was or would be payable in respect of the fuel by the Commonwealth at the rate in force on the day worked out using the table in subsection (2A).
Note: Section 43‑7 affects how this subsection applies to blends.

Day for rate of fuel tax, grant or subsidy
 (2A) Work out the day using the table:
Day for rate of fuel tax, grant or subsidy
                                            If:                                                                                                                                       The day is: