Transport
Transport emissions account for around 14 per cent of Australia’s emissions. Road transport contributes almost 90 per cent of transport emissions, with rail, domestic aviation and shipping contributing the remainder.
The Federal Government recognised that households, small businesses and businesses in some rural and regional industries will need time to adjust to the Scheme. The Government therefore committed to cut excise and excise-equivalent customs duty (fuel tax) on a cent-for-cent basis to offset the initial price impact on transport fuels associated with the introduction of the Scheme, if the scheme is implemented.
In the scenario of carbon tax, more details about this sector, will be available only after June 2011. Currently, in the Federal Budget 2011,
the Treasurer has announced reforms to FBT arrangements which will remove the unintended tax incentive for unnecessarily high carbon pollution from motor vehicles.
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