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Reduced fuel tax credits for certain businesses

The introduction of the carbon tax on 1 July 2012 will also bring with it the reduction in fuel tax credits for businesses, unless the fuel is acquired and used in:
  • Activities in the agriculture, fishing or forestry industries;
  • Vehicles with a gross vehicle mass greater than 4.5 tonnes travelling on a public road;
  • Activities that involve use of fuel other than by combustion (e.g. as an ingredient in the manufacture of paint or to clean machinery).

For all other fuel use, your fuel tax credits will be reduced from 1 July 2012. The table below shows the amount of fuel credit reductions:

Fuel type1 July 20121 July 20131 July 2014
Petrol (cents per litre)5.525.7966.096
Diesel and other liquid fuels (cents per litre)6.216.5216.858
LPG (cents per litre)3.683.8644.064
LNG & CNG (cents per kilogram)6.677.0047.366
Biodiesel, renewable diesel, ethanol (cents per litre)000
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