Document ID: chunk:federal_register_of_legislation:F2016L01519:body:0:p2
Version: federal_register_of_legislation:F2016L01519
Segment Type: other
Provision Reference: 
Character Range: 2831–5732

to 15° Celsius wherein the density of the fuel ethanol is taken to be 785 kg/m3 at 15°C; or
           2. the use of the Practical Alcohol Tables, to convert the volume of the fuel ethanol to 20° Celsius and then multiplying the result with a conversion factor of 0.995 to convert the volume of fuel from 20° Celsius to 15° Celsius.

    11.              A person who has aggregated clearances of liquid transport fuels exceeding 50,000 litres per accounting period must use Method 1 for all fuel other than fuel to which Excise (Volume - recycled waste oil) Determination 2006 (No. 2) (or any subsequent Determination that replaces it) applies.

    12.              A person who does not have aggregated clearances of liquid transport fuels exceeding 50,000 litres per accounting period and does not have a requirement on their periodic settlement permission to correct to 15º Celsius on all their liquid fuel clearances may use either Method 1 or 2 for all liquid fuel.

    13.              For the purposes of paragraph 10, the versions of the incorporated ASTM Petroleum Measurement Tables Volume Correction Factors and the Practical Alcohol Tables that are current at the time of commencement of this determination are to be used.

    14.              A person must use one Method for the duration of an accounting period, unless authorised in writing by the CEO to do otherwise.

     Definitions

    15.              The following expressions are defined for the purposes of this determination:

     accounting period means the 12 month period adopted for income tax purposes as provided by section 18 of the Income Tax Assessment Act 1936, or another period approved in writing by the CEO;

     aggregated clearances means the volume of liquid transport fuels delivered for home consumption in the accounting period from a person's excise licensed establishments based on historical data, or the volume of liquid fuels reasonably expected to be delivered for home consumption in an accounting period if no historical data is available;

     biodiesel has the meaning given by subsection 3(1) of the Excise Tariff Act 1921;

     CEO means the Commissioner of Taxation (see subsection 4(1) of the Excise Act);

     excise licensed establishment means premises that are specified in an Excise licence issued pursuant to section 39A of the Excise Act;

     fuel ethanol means denatured ethanol for use as fuel in an internal combustion engine;

     liquid fuels means goods of a kind that fall within a classification in item 10 of the Schedule to the Excise Tariff Act 1921 (the Schedule) excluding goods classified to sub-items 10.19A, 10.19B and 10.19C;

     liquid transport fuels means gasoline (including that used in an aircraft), diesel, kerosene (for use in an aircraft), fuel oil, fuel ethanol, biodiesel and blends of gasoline or diesel; and

     volume correction factor