http://www.jdsupra.com/legalnews/australia-reaches-agreement-to-tax-69363/
[links in on-line article]
Australia Reaches Agreement To Tax Biodiesel And Ethanol
6/26/2015
by Kathleen M. Roberts | Bergeson & Campbell, P.C.
On June 17, 2015, the Australian government made a bipartisan agreement
to tax Australian-produced biodiesel and ethanol. Cleaner fuel grants
for renewable and biobased diesel fuels will end by July 1, 2015, as
will the Ethanol production grant. An excise rate on biodiesel will be
phased in starting in 2015-2016 at zero percent, and will increase
annually, eventually reaching 50 percent of the diesel excise rate in
2030-2031. The Biofuels Association of Australia approved of the
agreement, saying it will "allow the industry to focus on the longer
term and provides a sustainable footing for the biofuels industry to
grow and delivers on the government objective of moving biofuels into
the excise framework."
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