Government Announces Additional Fuel Excise Cut and GST Windfall Return for Motorists and Businesses

• The government introduced a temporary further reduction in fuel excise and customs duties beyond the previously announced 50% cut.
• States and territories agreed to forgo increased GST revenue on fuel, providing additional relief for motorists.
• There will be an extra 10.9% cut to fuel excise for three months, equating to a further 5.7 cents per liter reduction.
• The full fuel tax credit (FTC) rate for businesses drops from AUD 0.526 to AUD 0.206 per liter for fuel acquired from 1 April 2026.
• Businesses using fuel in heavy vehicles on public roads can claim an on-road FTC rate of AUD 0.206 per liter, up from the previous AUD 0.202 per liter.

Source: taxathand.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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