Alternative fuel tax delayed

The fuel tax on alternative fuels due to come into effect at the start of July has been postponed until 1 December 2011, following lobbying by industry groups.

This delay was announced by the Australian Government as part of the release for public consultation of the government’s draft legislation on the alternative fuels tax.

“While this delay comes at a cost of $26 million to the budget bottom line, it will allow the industry more time to ensure it is ready,” said Assistant Treasurer, Bill Shorten.

“The Government is committed to implementing this policy effectively and minimising compliance costs. We will continue to work constructively with key stakeholders, particularly on the draft legislation, to ensure this is the case.”

The changes to fuel taxation will be phased in from 1 December 2011 through to 30 June 2015.

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