Commonwealth of Australia Explanatory Memoranda

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CUSTOMS AND EXCISE LEGISLATION AMENDMENT BILL (NO. 2) 1997

                           AKFEIUR ROBINSON & HEDDERWICK~
                                       UBRARY


                                   1997


   THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA


                    HOUSE OF REPRESENTATWES




CUSTOMS AND EXCISE LEGISLATION AMENDMENT BJLL (NO.2) 1997




         SUPPLEMENTARY EXPLANATORY MEMORANDUM
          (Amendments to be moved on behalf of the Government)




 (Circulated by authority of the Minister for Customs and Consumer Affairs,
                       Senator the Hon. Chris Ellison)




 89434 Cat.No 9695672 ISBN 0644 50909 0
 CUSTOMS AND EXCISE LEGISLATION AMENDMENT BILL (NO.2) 1997
       (Amendments to be moved on behalf of the Government)                            C
OUTLINE

The purpose ofthe Schedule is to make a technical amendment to replace an
inconsistency in the Bill.


FTh~ANCIALIMPACT STATEMENT
                                                                                       (
The amendments proposed in the Schedule do not alter the financial impact ofthe Bill
as originally introduced.




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 CUSTOMS AND EXCISE LEGISLATION AMENDMENT BILL (NO.2) 1997

NOTES ON AMENDMENTS

Amendment 1

This amendment removes the term "condensate consisting of liquid petroleum" from
section 77K ofthe Excise Act 1901 and replaces it with "condensate". This is a
technical amendment to remove a drafting inconsistency in the Act ie the term
"condensate" is defined in section 4 ofthe Excise Act 1901, so the term "condensate
consisting ofliquid petroleum" is inconsistent to a minor degree.

   · section 4 of the Excise Act 1901 defines "condensate" as

       "condensate" means either:
         (a) liquid petroleum; or
         (b) a substance:
             (i)     that is derived from gas associated with oil production; and
             (ii)    that is liquid at standard temperature and pressure

  · see also Amendment Nos. 1 and 5 to the Schedule of amendments to the Excise
    Tar~ffFuel Rates Amendment) Bill 1997.
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