Fuel tax credit changes
Aspen Corproate • 10 May 2022

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022. This has caused a reduction in fuel tax credit rates.


During this 6 month period, businesses using fuel in heavy vehicles for travelling on public roads won't be able to claim fuel tax credits for fuel used for this purpose. This is because the road user charge exceeds the excise duty payable, and this reduces the fuel tax credit rate to nil.


You can find the ATO’s updated fuel tax credit rates that apply for the period from 30 March 2022 to 30 June 2022 here. The ATO’s fuel tax credit calculator has been updated to apply the current rates.

Cyber In Accounting: Safeguarding Financial Data in a Digital Age

Cyber In Accounting: Safeguarding Financial Data in a Digital Age

by Aspen Corp • 6 November 2025
Many businesses hold critical data that poses significant risk to businesses and their customers if the data they hold is not safeguarded from cybersecurity threats.
Proposed Extension of the Instant Asset Write-Off and Other Tax Measures

Proposed Extension of the Instant Asset Write-Off and Other Tax Measures

by Aspen Corp • 6 November 2025
A new Bill before Parliament – the Treasury Laws Amendment Bill 2025 – proposes changes that could affect small businesses, listed companies, and not-for-profits.
Imagine this: after years of hardship and illness, you’re forced to retire early on a Total and Perm

When Medical Bills Meet Tax Rules – Lessons from a Heartbreaking Case

by Aspen Corp • 4 November 2025
In Wannberg v Commissioner of Taxation , the Administrative Review Tribunal (ART) upheld the ATO’s decision to deny nearly $100,000 in medical deductions.
Super Tax Shake-Up: Big Balances Beware

Super Tax Shake-Up: Big Balances Beware

by Aspen Corp • 3 November 2025
But if your super is nudging that level, or if you’re clearly over, the Treasurer’s latest announcement could change how you think about super’s generous tax breaks.

Accessing superannuation funds for medical treatment or financial hardship

by Aspen Corp • 2 October 2025
Accessing superannuation funds for medical treatment or financial hardship
Government Review of Supermarket Unit Pricing: What It Could Mean for Your Business

Government Review of Supermarket Unit Pricing: What It Could Mean for Your Business

by Aspen Corp • 2 October 2025
The Federal Government had a consultation process on supermarket unit pricing. This is not only a consumer issue, but it could have commercial impacts for suppliers
More posts