Senate debates

Thursday, 22 June 2006

Fuel Tax Bill 2006; Fuel Tax (Consequential and Transitional Provisions) Bill 2006

In Committee

7:53 pm

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

Senator Joyce, the key thing to remember in all of this is that ostensibly people who buy B5 will be buying diesel. It is regarded as diesel under the standard, so they will be purchasing it as diesel. There will be no labelling requirements. It meets the standards for diesel and therefore will be classified as diesel.

In respect of your question on the volume of biodiesel that is produced, given that there are no licensing requirements for biodiesel the government is not able to determine exactly what volumes are being produced. There are a number of figures in the market at this time.

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