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Australia to delay imposition of excise taxes on biofuels
Source : biofuelsdigest.com
In Australia, the federal government has introduced draft legislation for public consultation that would push back the date for taxing alternative fuels including ethanol and LPG into the excise tax regime until December 2011, pushed back from the original July date set back in 2004. The draft legislation removes the need for offsetting grants for the gaseous fuels and biodiesel producers. It encourages innovation by ensuring eligible second generation production processes can be used to produce domestic ethanol and qualify for a grant. The changes to fuel taxation are being phased in over the period beginning 1 December 2011 and ending 30 June 2015 which allow the alternative fuels industry time to adjust to these changes. Grants to eligible ethanol producers will be phased down until 1 July 2020.
read more ...
27 January 2011 |
Legislation ::
Biofuels ::
Oceania
The information in this section is subject to a disclaimer.
Articles regarding Oceania (28 articles)
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