True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Act 2014

This Act imposes a levy on true-up shortfalls under the Clean Energy Legislation (Carbon Tax Repeal) Act 2014, so far as that levy is a duty of excise. The lev y is payable by individuals who have a true-up shortfall.

Key details:

The Act came into effect on 17 July 2014.
It applies to all external Territories, Australia's exclusive economic zone, and continental shelf.
The levy is calculated using the formula: Number of units in the true-up shortfall u00d7 [insert formula].
The Act does not impose a tax on property of a State.
There are no changes to the text of the law in this compilation.

Compilation information:

This is a compilation of the Act as amended and in force on 19 June 2018.
* The notes at the end of this compilation include information about amending laws and the amendment history of provisions of the compiled law.