Document ID: chunk:federal_register_of_legislation:F2016L01520:body:0:p2
Version: federal_register_of_legislation:F2016L01520
Segment Type: other
Provision Reference: 
Character Range: 2795–5536

the equilibrium vapour pressure for the metered temperature and the use of the American Society for Testing and Materials (ASTM) Petroleum Measurement Tables for Light Hydrocarbon Liquids – Density Range 0.500 to 0.653 Kg/L at 15º C, to correct the volume of the LPG to 15º Celsius.

    Method 3 – Determining the volume of LPG in litres at ambient temperature and operating pressure for aggregated clearances of transport LPG not exceeding 150,000 litres

    9.              A person who has aggregated clearances of transport LPG exceeding 150,000 litres per accounting period must use either Method 1 or 2 for determining the volume of their transport LPG.

    10.         A person who does not have aggregated clearances of transport LPG exceeding 150,000 litres per accounting period and does not have a requirement on their permission issued under section 61C of the Excise Act to use Method 1 or 2 to correct the volume of LPG delivered on all their clearances may use Method 1, 2 or 3 for determining the volume of LPG.

    11.         For the purposes of paragraph 8, the versions of the incorporated API Manual of Petroleum Measurement Standards and the ASTM Petroleum Measurement Tables for Light Hydrocarbon Liquids that are current at the time of commencement of this determination are to be used.

    12.         A person must use one Method for the duration of an accounting period as stipulated in Section 24(2) of the Excise Regulation, unless authorised in writing by the CEO to do otherwise.

 Definitions

    13.         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 LPG delivered for home consumption by you in the accounting period from excise licensed establishments based on historical data, or the volume of LPG reasonably expected to be delivered for home consumption by you in an accounting period if no historical data is available;

    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;

    LPG (or liquefied petroleum gas) means goods classified to sub-item 10.19A of the Schedule to the Excise Tariff Act 1921 (the Schedule);

    Transport LPG means LPG which is supplied or used in a system for supplying fuel to an internal combustion engine of either a motor vehicle or a vessel, either directly or by filling another tank connected to such an engine.