The exposure draft of the Excise Regulation 2015 remakes the Excise Regulations 1925 (the Regulations), which are due to sunset on 1 April 2015.
The exposure draft proposes design changes to the Regulations to significantly improve its operation, including repealing redundant provisions, simplifying language and restructuring provisions that are difficult to navigate. Other minor changes to the Regulations have been made. Further details are contained in the Explanatory Statement.
The community’s views are sought on the proposed Excise Regulation 2015.