60‑5 Working out your net fuel amount60‑5 Working out your net fuel amount

#### 60‑5 Working out your net fuel amount Your net fuel amount for a \*tax period or a \*fuel tax return period is worked out using the following formula:  where: > total decreasing fuel tax adjustments is the sum of all \*decreasing fuel tax adjustments that are attributable to the period. > Note: Division 65 sets out which tax periods or fuel tax return periods fuel tax adjustments are attributable to. > total fuel tax is nil. > Note: Fuel tax is currently assessed under the Excise Act 1901, the Excise Tariff Act 1921, the Customs Act 1901 and the Customs Tariff Act 1995. > total fuel tax credits is the sum of all fuel tax credits to which you are entitled that are attributable to the period. > Note: Division 65 sets out which tax periods or fuel tax return periods fuel tax credits are attributable to. > total increasing fuel tax adjustments is the sum of all \*increasing fuel tax adjustments that are attributable to the period. > Note: Division 65 sets out which tax periods or fuel tax return periods fuel tax adjustments are attributable to.