Document ID: chunk:federal_register_of_legislation:C2015A00101:clause:1_6aaa
Version: federal_register_of_legislation:C2015A00101
Segment Type: clause
Provision Reference: sch 1 cl 6AAA
Character Range: 7120–8366

6AAA  Rounding of fuel duty rates
 (1) Despite subsection 6A(2), the amount to be worked out under subsection 6A(1) in respect of an indexation day for a CPI indexed rate covered by subsection (3) of this section is to be rounded to 3 decimal places (rounding up if the next decimal place is 5 or more).
 (2) For the purposes of section 6A, determine the CPI indexed rate on the day before the indexation day as mentioned in subsection 6A(1) on the assumptions that:
 (a) the operation of subsection (1) of this section was disregarded in respect of all previous indexation days (if any); and
 (b) subsection 6A(2) permitted amounts worked out under subsection 6A(1) in respect of those indexation days to be rounded to 5 decimal places (rounding up if the next decimal place was 5 or more).
 (3) This subsection covers the following CPI indexed rates:
 (a) a rate of duty set out in item 10 of the Schedule, other than in:
 (i) subitem 10.6 or 10.17; or
 (ii) subitem 10.7, 10.11, 10.12 or 10.30;
 (b) the rate set out in step 3 of the method statement in subsection 6G(1) (about duty payable on blended goods).
 (4) In this section:
CPI indexed rate has the same meaning as in section 6A.
indexation day has the same meaning as in section 6A.