3Objects

3 Objects

(1) This Act sets up an administrative scheme in relation to the collection of penalty surcharges imposed by the Fuel Misuse (Penalty Surcharge) Act 1997, the Fuel Sale (Penalty Surcharge) Act 1997 and the Fuel Blending (Penalty Surcharge) Act 1997. (2) The object of this Act is, through the administrative scheme, and in conjunction with amendments made by the Customs Tariff (Fuel Rates Amendments) Act 1997, the Excise Tariff (Fuel Rates Amendment) Act 1997 and the Customs and Excise Legislation Amendment Act (No. 2) 1997, to make provision in relation to: (a) discouraging certain activities that result in a loss to the revenue in respect of customs and excise duties levied on certain petroleum products; and (b) where such activities have occurred—the capacity of the Commonwealth to collect penalty surcharges mentioned in subsection (1).