The ATO have recently published several online reports that clarify changes to taxes on various alternative fuels.
From December 2011 gaseous fuels, including LPG, LNG and CNG became subject to excise or customs duties. Then in July 2013, as part of the “carbon tax” legislation, the government released changes to these excise duties which include an increase in duty rates for transport LPG, LNG and CNG and a reinstatement of the full automatic remission of duty for non-transport LPG and LNG.
If your business requires the use of any alternative fuel (see list below) we recommend you familiarize yourself with the specific legislative changes.
Alternative Fuels Affected:
Liquefied Petroleum Gas (LPG)
Liquefied Natural Gas (LNG)
Compressed Natural Gas (CNG)
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