Commonwealth of Australia Explanatory Memoranda

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EXCISE LAWS AMENDMENT (FUEL TAX REFORM AND OTHER MEASURES) BILL 2006

                              2004-2005-2006



     THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA



                                  SENATE




  EXCISE LAWS AMENDMENT (FUEL TAX REFORM AND OTHER
                 MEASURES) BILL 2006




         SUPPLEMENTARY EXPLANATORY MEMORANDUM

          Amendments to be moved on behalf of the Government



                       (Circulated by authority of the
                   Treasurer, the Hon Peter Costello MP)



Explanation of amendments to Schedule 1
        1.1       Amendments 1 to 14 will change the expiry date for excise
        licences from 31 March in the relevant year to 30 September in the
        relevant year to ensure that the licence renewal process does not occur
        during peak times for certain industries.