Supply chains around Australia could collapse unless the new federal government stops making trucking companies pay for cuts in petrol taxes, transport groups have warned.
Until March 29, truck drivers receivedfor petrol or diesel worth 17.8¢ per litre, allowing them to claim money back on some of the fuel tax they pay for carrying goods around Australia.
Mr Shearer, who is co-ordinating the Australian Trucking Association’s approach to the new government, argued that removing the tax credit also put at risk “the survival and prosperity of the broader economy and all the businesses that we service”.from all sectors of the economy.The industry wants the fuel tax credit to be backdated to March 30, and if the government does not agree, to at least permit tax credits to resume on July 1.
While petrol prices dipped immediately after the fuel excise cut, they have since rebounded close to near-record highs.The value of the fuel tax credit – which fluctuates in line with the consumer price index – is calculated from the difference between the diesel fuel excise rate and the road user charge, which is levied to cover the cost of wear and tear on roads by heavy vehicles.
Mr Shearer said truck drivers typically receive thousands of dollars back from fuel tax credits, ranging from $2000 to as much as $15,000.
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