Document ID: chunk:federal_register_of_legislation:C2024C00257:section:16
Version: federal_register_of_legislation:C2024C00257
Segment Type: section
Provision Reference: s 16
Character Range: 87561–88410

16                  1 July 2030 or a later 1 July        50%

Note: The rate in subitem 10.10 of the Schedule is the rate for diesel. That rate is indexed under section 6A.
 (2) A rate of duty worked out using a table item in subsection (1) applies to goods manufactured or produced in Australia during a financial year referred to in that item, and goods for which all the following conditions are met:
 (a) the goods were manufactured or produced in Australia before a financial year referred to in that item;
 (b) at the start of that financial year, the goods were either:
 (i) subject to the CEO's control; or
 (ii) in the stock, custody or possession of, or belonged to, a manufacturer or producer of the goods;
 (c) no duty of excise had been paid on the goods before that financial year.
This subsection has effect despite subsection 5(2).