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Tasmanian Seafood Industry Council
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Fuel Tax Bill 2006 |
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Following the introduction of the fuel tax credit legislation into Parliament on 29 March 2006, the Tax Office’s Fuel excise reform project (FERP) will begin the ‘awareness phase’ of its fuel tax credit communication plan.
Fact sheets may be accessed by clicking on the following link to the Australian Tax Office
Alternately the fact sheets can be ordered through the Tax Office’s Publications distribution and ordering service on 1300 720 092. The remaining fact sheets will be loaded onto the website as they become available. We will keep you informed as they become available.
The following is a copy of a letter that has been sent to fishers regarding proposed changes to the fuel tax credit system.
"Dear Business Manager
Proposed changes to the energy grants credits scheme
For your information
The Australian Government is proposing to replace the energy grants credits scheme (EGCS) with a fuel tax credit from 1 July 2006. The fuel tax credit proposal is presently subject to parliamentary process and may change.
Special claiming arrangements for the fishing industry
According to our records, you have an arrangement with an authorised fuel supplier that allows the supplier to submit fuel grant claims on your behalf. Under these arrangements your grant payment is directed to the fuel supplier’s bank account. These arrangements will not be continued as part of the fuel tax credit proposal.
From 1 July 2006, you will need to calculate the amount of your fuel tax credit entitlement yourself and submit your claim directly to the Tax Office using your activity statement (BAS). Your fuel supplier will not be able to submit a separate fuel tax credit claim on your behalf.
Proposed changes from 1 July 2006
- There are a number of changes proposed to take effect on 1 July 2006.
- Petrol, as well as diesel, will become eligible when used
- by businesses in electricity generation, and
- in a vehicle travelling on a public road with a gross vehicle mass (GVM) greater than 4.5 tonne.
- Diesel motor vehicles with a GVM greater than 4.5 tonne need to meet one of four emission performance requirements. A farm vehicle used primarily on an agricultural property in a primary production business is excluded from these requirements.
- Metropolitan boundaries that restricted eligibility for certain road transport activity will be removed.
- Businesses will not be able to claim a fuel tax credit using third party arrangements (including eGrant).
Registering for fuel tax credit
To claim a fuel tax credit, you must be registered for GST and fuel tax credit.
If you are currently registered for GST, we will automatically register you for fuel tax credit so you can claim for your fuel used in your business.
If you are not registered for GST, you will need to register for both GST and fuel tax credit. For information on how to register, read the fact sheet Moving from the energy grants credits scheme to fuel tax credits. Registration for fuel tax credit will begin from 1 May 2006.
More information
We have enclosed the fact sheets Moving from the energy grants credits scheme to fuel tax credits and Keeping records and calculating eligible litres to provide more details of the proposed changes. We will provide you with more detailed information on fuel tax credit once the legislation is passed.
You can access more information on the proposed fuel tax credit by:
- visiting our website at www.ato.gov.au/fuelschemes
- phoning 13 28 66 between 8:00am and 6:00pm Monday to Friday
Yours faithfully
Neil Olesen
Deputy Commissioner of Taxation"
| A Bill for an Act about fuel tax and fuel tax credits, and for related purposes | A Bill for an Act to deal with consequential and transitional matters arising from the enactment of the Fuel Tax Act 2006, and for other purposes |
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