Thursday, 14 May 2020
Excise Tariff Amendment Bill 2020; Second Reading
That this bill be now read a second time.
This bill, together with the Product Stewardship (Oil) Amendment Bill 2020, will ensure the Product Stewardship for Oil Scheme operates as originally intended.
This bill will amend the Excise Tariff Act 1921 to exclude diesel and other goods ordinarily used as fuels from the excise tariff item that applies to oils and grease. For flexibility, it will also provide power to prescribe other exclusions by regulations.
These changes align with amendments to the definition of 'oils' proposed in the Product Stewardship (Oil) Amendment Bill 2020, which will clarify the kinds of oils eligible for benefits under the Scheme.