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Tax Facts - Fuel Schemes
Fuel schemes provide credits and grants to reduce the costs of some
fuels or provide a benefit to encourage recycling of waste oils. There
are various types of schemes:
Fuel Tax Credits Program -
Helps cut fuel costs by providing a credit for the fuel tax (excise
duty) included in the price of fuel, when used for particular
activities. Most businesses can claim fuel tax credits, although the
rate varies according to activity. You must be registered for GST as
well as fuel tax credits to claim fuel tax credits using your business
activity statement (BAS).
Cleaner Fuels Grants Scheme -
Encourages making or importing fuels that have a lesser impact on the
environment. Eligible cleaner fuels include biodiesel and renewable
diesel, as well as low or ultra-low sulphur conventional fuels like low
sulphur premium unleaded petrol (PULP) and ultra low sulphur diesel
Energy Grants Credits Scheme -
Provides a fuel grant for businesses using alternative fuels for road
transport. You can't claim an energy grant for diesel but you may
be eligible for a fuel tax credit.