Joe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

This bill is part of a package of bills that will give effect to the government's commitment to reintroduce biannual indexation of fuel excise and excise-equivalent customs duties.

This bill makes consequential amendments to the COAG Reform Fund Act 2008, the Excise Act 1901 and the Fuel Tax Act 2006 as a result of the reintroduction of fuel indexation. These amendments include ensuring that the determination of future rates of the road user charge are made to one decimal place of a cent consistent with fuel duty rates.

Full details of this bill are contained in the explanatory memorandum.

Debate adjourned.