accounting periodmeans the 12-month period adopted for income tax purposes under section 18 of the Income Tax Assessment Act 1936, or another period authorised in writing by the CEO for the purposes of this instrument.
(a)expects to deliver for home consumption from all their excise-licensed premises based on historical data, where such data is available; or
(b)reasonably expects to deliver for home consumption from all their excise-licensed premises, where historical data is not available.
ambient conditions methodmeans the method where the volume of liquid fuel is worked out by measuring the quantity of the fuel in litres at the ambient temperature and pressure at the time it is delivered for home consumption.
excise-licensed premisesmeans one or more premises that are covered by a licence relevant for the purposes of this instrument and which is granted under section 39A of the Act.
liquid fuelmeans goods of a kind that fall within a classification in item 10 of the Schedule to the Excise Tariff Act 1921 but excluding goods classified within subitem 10.19A, 10.19B or 10.19C of that Schedule.
liquid transport fuelmeans goods of a kind that fall within subitem 10.5, 10.6, 10.7, 10.10, 10.12, 10.17, 10.18, 10.20, 10.21 or 10.30 of the Schedule to the Excise Tariff Act 1921.
standard corrections methodmeans the method where the volume of liquid fuel in litres is worked out at the time it is delivered for home consumption as follows:
Step 1: Measure the volume of the liquid fuel using volumetric measurement equipment.
standard reference conditions, in relation to a quantity of liquid fuel, means the volume of liquid fuel at a temperature of 15 degrees Celsius and at the standard reference pressure of 101.325 kilopascals (absolute).
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
(2)A person delivering liquid fuel for home consumption during an accounting period must use one of the following methods for the entire accounting period to work out the volume of the fuel, if they have aggregated clearances of less than 50,000 litres for that period:
(4)Despite subsections (1), (2) and (3), the CEO may authorise, in writing, a person to use any of the methods in this instrument for an accounting period.