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TAXES * Australia - Changes to fuel scheme puts subsidy in driver’s wallets
Queensland,Australia -ATN -2 June 2008: -- Queensland Premier Anna Bligh has announced a plan to force petrol stations to cut the full 8.354c per litre subsidy from the price charged at the pump. The upgraded scheme is aimed at stopping oil industry rorts of the $540 million per annum subsidy and putting the money straight in motorist’s pockets... A point-of-sale ID system will be provided to Queensland licence holders that will entitle them to have the full 8.354c per litre deducted at the checkout... The Premier says the Government set up the Fuel Commission of Inquiry chaired by Bill Pincus QC to find out if Queenslanders were getting the full benefit of the scheme... Under the proposal a swipe of a driver’s licence will require fuel retailers to deduct the full 8.354c per litre subsidy from the price displayed at the bowser... The Commission also proposed a complex scheme of setting a benchmark price for petrol and paying the subsidy only partially when prices were above that price... Treasurer Andrew Fraser says that once this series of discussions takes place it will take some time to get the technology into service stations...
Labels: taxes policys
posted by Unknown @ 3:35 PM
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