Hello!
To view this content, please sign up or log in – it’s free and easy! Stay ahead with curated regulatory insights designed for professionals like you.
Brief
The Aviation Fuel Revenues (Special Appropriation) Act 1988 is an Act that appropriates certain aviation fuel revenues for Airservices Australia and the Civil Aviation Safety Authority. The Act commences on the day it receives the Royal Assent. The Act defines various terms, including "AA" meaning Airservices Australia, "aviation fuel" meaning gasoline or kerosene used as fuel in aircraft, and "CASA" meaning the Civil Aviation Safety Authority.
The Act provides for the payment of shares of eligible aviation fuel to AA and CASA based on the statutory rate, which is determined by the Minister. The shares are calculated using a formula that takes into account the number of litres of eligible aviation fuel and the statutory rate. The Act also includes provisions for the repayment of certain amounts to individuals by the Commonwealth.
The Act has undergone several amendments since its enactment in 1988, with changes made by various Acts, including the Civil Aviation Legislation Amendment Act 1995, the Petroleum Excise Amendment (Measures to Address Evasion) Act 2000, and the Tax and Superannuation Laws Amendment (2014 Measures No. 4) Act 2014.
The endnotes provide additional information about the legislation, including its history, amendment history, uncommenced amendments, modifications, misdescribed amendments, and miscellaneous provisions.
Highlights content goes here...
Hello!
To view this content, please sign up or log in – it’s free and easy! Stay ahead with curated regulatory insights designed for professionals like you.
RADA.AI
Hello! I'm RADA.AI - Regulatory Analysis and Decision Assistance. Your Intelligent guide for compliance and decision-making. How can i assist you today?
Suggested
