Bill
Customs Tariff Amendment (Product Stewardship for Oil) Bill 2023
passed, as at 2023-06-28. Climate Change, Energy, the Environment and Water portfolio.
- Sponsor
- Not recorded
- Portfolio
- Climate Change, Energy, the Environment and Water
Recorded stages
- introduced — 2023-05-25
- second reading — 2023-05-25
- second reading — 2023-06-01
- second reading — 2023-06-01
- third reading — 2023-06-01
- introduced — 2023-06-13
- second reading — 2023-06-13
- second reading — 2023-06-22
- third reading — 2023-06-22
- passed — 2023-06-22
- royal assent — 2023-06-28
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2023-05-25.
The bill would raise the customs duty on imported petroleum-based oils to help make the Product Stewardship for Oil Scheme self-funding.
It would increase the specific rate of customs duty from 8.5 cents to 14.2 cents per kilogram or litre for goods under specified tariff headings.
The government says the change, combined with an equivalent excise bill, would return an estimated $139 million to the budget over the four years to 2026-2027.
- Increase the specific rate of customs duty on imported oils from 8.5 cents to 14.2 cents per kilogram or litre.
- Amend all references to the previous levy rate across the Customs Tariff Act for the relevant classifications.
- Retain the ad valorem duty component where a compound duty applies while increasing the levy.
Importers of petroleum-based oils and their synthetic equivalents, and oil recyclers who receive benefits under the Product Stewardship for Oil Scheme.
Sources
em
billhome
frl act