9Purpose of the Fuel Indexation (Road Funding) special account

9 Purpose of the Fuel Indexation (Road Funding) special account

(1) The purpose of the Fuel Indexation (Road Funding) special account is to ensure that amounts equal to the fuel indexation amount mentioned in subsection (2) are transferred to the Federation Reform Fund in order to provide funding to the States and Territories for expenditure in relation to Australian road infrastructure investment. (2) For the purposes of subsection (1), the fuel indexation amount is the difference between: (a) the amount of revenue that is attributable to the indexation of fuel tax from and including 10 November 2014 as a result of the Excise Tariff Amendment (Fuel Indexation) Act 2015 and the Customs Tariff Amendment (Fuel Indexation) Act 2015; and (b) the tax credits, rebates and grants under any of the following that offset the amount mentioned in paragraph (a): (ii) the Fuel Tax Act 2006; (iii) the scheme known as the Ethanol Production Grants Scheme.