Fuel Tax Credits

What are Fuel Tax Credits? A credit for the fuel tax (excise or customs duty) included in the price of fuel

What uses are eligible? Generation of electricity for domestic use including units, single house, duplex, town house demountable homes that can be relocated marine homes eg houseboats mobile homes eg caravan or motor home NB must be permanent place of residence & Recreational uses cannot be claimed eg yacht, holiday caravan

Non-Profit Emergency Vehicles What uses are eligible? Non-Profit Emergency Vehicles (do not have to be registered for GST) Only for fuel used to operate emergency vehicles or vessels Must be clearly marked as emergency vehicles Non profit at time of acquisition of fuel

What uses are eligible? Other Business Activities (from 1 July 2008) Used by business to power machinery, plant and equipment Eg backhoes, blower vacuums, brush cutters, chainsaws, drills hoists, pumps

Carbon Charge Under new clean energy laws , from 1 July 2012, fuel tax credits have been reduced by the carbon charge Carbon charge does not affect fuel tax credit rates for: -Heavy vehicle with a GVM greater than 4.5 tonnes travelling on public roads -Some activities in agriculture, fishing and forestry -Activities that do not involve the combustion of fuel (eg fuel used to clean machinery)

HEAVY VEHICLES The fuel tax credit rate for heavy vehicles is reduced by a road user charge From July 1, 2012 the fuel tax credit rate for liquid fuels is 12.643 cents per litre(after a deduction for a road user charge of 25.5c) For Gaseous fuels(LPG), the road user charge reduces the fuel tax credit entitlement to NIL