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 type | 1 July 2012 | 1 July 2013 | 1 July 2014 |
| Petrol (cents per litre) | 5.52 | 5.796 | 6.096 |
| Diesel and other liquid fuels (cents per litre) | 6.21 | 6.521 | 6.858 |
| LPG (cents per litre) | 3.68 | 3.864 | 4.064 |
| LNG & CNG (cents per kilogram) | 6.67 | 7.004 | 7.366 |
| Biodiesel, renewable diesel, ethanol (cents per litre) | 0 | 0 | 0 |
