Richard Colbeck (Tasmania, Liberal Party, Parliamentary Secretary to the Minister for Finance and Administration) Share this | Hansard source

As I said, there is the current capacity to claim the rebate on, for example, B49. That varies, depending on the grade of diesel that we are talking about, whether it is B5, B10, B20 or B49. If we take B100, B20 and B49, in terms of excise and grants, I can tell you that out to 2010 biodiesel will enjoy an advantage over fossil diesel. In terms of overall price, I cannot make any commitment in relation to that any more than you can, because, Senator Allison, as you quite rightly said in your speech in the second reading debate, the end price of those two products is determined by their inputs. But in terms of grants, taxes or things of that nature, out to 2010, biodiesel in B100, B20 or B49 form will enjoy a tax advantage over fossil diesel.