What this rule does
The federal government has registered the Excise (Volume of Liquid Fuels - Temperature and Pressure Correction) Determination 2026 on 20 July 2026. The rule is administered by the Department of the Treasury.
The determination sets out how to correct the volume of liquid fuels for both temperature and pressure when calculating excise.
What it replaces
Schedule 1 of the new determination repeals the previous Excise (Volume of Liquid Fuels - Temperature Correction) Determination 2016 (No. 2). The earlier rule addressed temperature correction only. The new rule adds pressure correction alongside temperature correction.
What the source does not specify
The source document does not detail the specific volume correction methodology, name which parties are directly affected, or state whether any action is required from fuel businesses.
Where to find the full text
The full determination is available on the Federal Register of Legislation at https://www.legislation.gov.au/F2026L00980.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.