Senate debates

Thursday, 22 June 2006

Fuel Tax Bill 2006; Fuel Tax (Consequential and Transitional Provisions) Bill 2006

In Committee

7:37 pm

Photo of Richard ColbeckRichard Colbeck (Tasmania, Liberal Party, Parliamentary Secretary to the Minister for Finance and Administration) Share this | Hansard source

No. It goes back to the definition of diesel and the standard for diesel. The description of diesel and the standard have a range of parameters; I am not fully aware of what all of those are, but there is a standard for diesel. My understanding is that B5 fits within that standard. The producer of the biodiesel would receive a grant for the production of the biodiesel. It would then be blended with the mineral diesel and, because it fits the definition of diesel under the standard, the full volume of the final product would attract an excise rebate according to its use. If it was used off road it would attract the full diesel fuel rebate for off-road use; if it was used on road it would attract the full diesel fuel rebate less the road user charge.

Comments

No comments