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11 Jul 11 Fuel tax credit rate change for heavy vehicles from 1 July 2011

The ATO advises that from 1 July 2011, the fuel tax credit rate for fuels such as diesel or petrol for use in heavy vehicles on public roads is reduced to 15.043 cents per litre. This rate change is due to an increase in the road user charge. If a person claims fuel tax credits and are registered for GST, they should use this new rate when they complete their activity statements for the 2011-12 financial year.


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