Document ID: chunk:federal_register_of_legislation:F2024C00528:reg:7
Version: federal_register_of_legislation:F2024C00528
Segment Type: reg
Provision Reference: reg 7
Character Range: 20001–21521

7                                                        A circumstance mentioned in item 10 of the table in subclause 2(1) of Schedule 1.  The amount that is the whole of the duty payable.

Rebate or refund set off against liability for excise duty
 (3) The amount of a rebate or refund of excise duty that is payable to a person:
 (a) may be set off against the whole, or part, of that person's liability for excise duty; and
 (b) if the amount is set off as described in paragraph (a)—is taken to have been paid to the person.

Refund amount for recovered fuel vapour
 (4) For item 1A of the table in subsection (2), the amount of refund that is payable to a person is equal to the sum of:
 (a) the amount of that duty that was paid on the quantity of goods classified to subitems 10.5, 10.6 and 10.7 of the Schedule to the Excise Tariff Act 1921; and
 (b) the amount of that duty that was paid on so much of the quantity of goods classified to subitems 10.10 and 10.12 of the Schedule to the Excise Tariff Act 1921 as does not exceed twice the quantity of goods mentioned in paragraph (a) of this subsection;
multiplied by 0.0006442.
Example: If excise duty was paid on 100,000 litres of gasoline (subitem 10.5) and 500,000 litres of diesel (subitem 10.10), and an application for a refund is made, the refund amount is the amount of duty that was paid on 100,000 litres of gasoline and 200,000 litres of diesel, multiplied by 0.0006442.

Part 3—Drawback of excise duty

Division 1—Simplified outline of this Part