The Coalition halved for six months the fuel excise on petrol and diesel to 22.1 cents per litre, which resulted in the Fuel Tax Credits (FTC) claimable by business users also being reduced.   This arrangement finalises on 28 September 2022, and so fuel costs will rise and FTC can again be claimed from 29 September.

Who Can Claim FTC's

Claimants must be GST registered, and the claim can be for both vehicles and 'other use' (eg., plant and machinery).   Exclusions are cars and vehicles weighing less than 4.5 tonnes on public roads (but claimable if used for business on private property, farms or mines).

FTC Rates

From 30 March to 31 July:

- Vehicles > 4.5 T on public roads              Nil

- All other eligible use                                22.1 cents/litre

From 1 August to 28 September:

- Vehicles > 4.5T on public roads               Nil

- All other eligible use                                23.0 c/l

From 29 September on:

- Vehicles > 4.5T on public roads               18.8 c/l

- All other eligible use                                46.0 c/l

"Other Eligible Business Use"   (Full FTC)

These include fuel for plant and machinery and off-public road travel by vehicles of any weight, such as tractors, earth movers, cars on farms and mines, and vehicles > 4.5T.

September 2022 BAS

Quarterly lodgers will have three sets of FTC rates.   The rates are determined by the date on which fuel is acquired.   If claiming FTC, the September BAS needs to be dissected by both date and by how the fuel was used.