6AABTobacco duty rate under subitem 5.5 of the Schedule

#### 6AAB Tobacco duty rate under subitem 5.5 of the Schedule (1) For the purposes of subitem 5.5 of the Schedule, the applicable rate on a day is the amount worked out using the formula:  (2) The weight conversion factor is: (a) for a day on or after the first replacement day and before the second replacement day—0.000675; or (b) for a day on or after the second replacement day and before the third replacement day—0.00065; or (c) for a day on or after the third replacement day and before the fourth replacement day—0.000625; or (d) for a day on or after the fourth replacement day—0.0006. Rounding (3) The amount worked out under subsection (1) is to be rounded to 2 decimal places (rounding up if the third decimal place is 5 or more). Replacement days (4) For the purposes of this section, the first replacement day is 1 September 2023. (5) For the purposes of this section, the second replacement day is: (a) 1 September 2024; or (b) if, in relation to the indexation day that is 1 September 2024, subsection 6AA(7) has the effect of replacing a rate of duty on a later day—that later day. (6) For the purposes of this section, the third replacement day is: (a) 1 September 2025; or (b) if, in relation to the indexation day that is 1 September 2025, subsection 6AA(7) has the effect of replacing a rate of duty on a later day—that later day. (7) For the purposes of this section, the fourth replacement day is: (a) 1 September 2026; or (b) if, in relation to the indexation day that is 1 September 2026, subsection 6AA(7) has the effect of replacing a rate of duty on a later day—that later day. Application of applicable rate (8) If the applicable rate changes on a particular day, the changed rate applies in relation to goods entered for home consumption on or after that day. Publication (9) The CEO must, on or as soon as practicable after the day the rate of duty set out in subitem 5.1 of the Schedule is replaced under section 6AA, publish a notice in the Gazette advertising: (a) the rate of duty under subitem 5.5 of the Schedule on that day; and (b) the goods to which subitem 5.5 of the Schedule applies.