Bill
Excise 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.
This bill would raise the excise duty on certain petroleum-based oils to help make the Product Stewardship for Oil Scheme self-funding.
It would increase the duty rate to 14.2 cents per litre for goods in sub-items 15.1 and 15.2 and to 14.2 cents per kilogram for goods in sub-items 15.3 and 15.4 of the Excise Tariff Act.
The scheme has run a deficit averaging $34.5 million per year for more than four years, and the government expects the change to return $139 million to consolidated revenue over the forward estimates.
- Increase the excise duty rate on goods in item 15 to 14.2 cents per litre and 14.2 cents per kilogram.
- Address the deficit in the Product Stewardship for Oil Scheme.
- Return the scheme to fiscal neutrality.
Oil recyclers, oil refiners, oil importers, and oil users.
Sources
em
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frl act