WDS woodside energy group ltd

0.55%

$23.72

Fuel rebates are provided because excise is only applicable to...

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occam

5,470 Posts.

1313

03/04/25

11:18

Post #: 78532128

Originally posted by htae39: ↑

@km87 the fact you think the FTCS is a tax deduction (operating expense) proves you haven't read the report, or perhaps you don't understand what you're talking about. I suggest actually reading it. There is a reason it is called a subsidy, because it is one!

Miners get a cash refund of the excise paid on Fuel (which is not assessable), and then they can claim the difference on what was paid as fuel as an operating cost. Hope you understand now with my simplified example below.

Source: https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/excise-on-fuel-and-petroleum-products/excise-duty-rates-for-fuel-and-petroleum-products#ato-Excisedutyratesfuel

Small Business
Fossil Fuel Company
Diesel price (excl. tax)
$1.50
$1.50
Fuel excise (tax)
$0.506
$0.506
Fuel tax credit refund
❌ $0.00
✅ $0.506 (full refund)
Total price paid per litre
$1.50 + $0.506 = $2.006
$1.50 – $0.506 = $0.994
Fuel cost claimed as deduction
$2.006 (full paid amount)
$0.994 (net after refund)
Tax deduction benefit (@30%)
$0.602 saved
$0.298 saved
Total effective cost per litre (after tax)
$2.006 – $0.602 = $1.404
$0.994 – $0.298 = $0.696

Item
Amount (AUD)
Small Business pays
$1.404 per litre (after tax)
Fossil Fuel Company pays
$0.696 per litre (after tax)
Advantage for fossil fuel company
✅ $0.708 cheaper per litre

Expand

Fuel rebates are provided because excise is only applicable to road users , not resource companies operating mines or operating offshore projects . It is initially paid by resource companies then rightfully claimed back. It is not a subsidy.

WDS Price at posting: $22.57 Sentiment: Buy Disclosure: Held

3 Upvote

1 Great analysis

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(20min delay)
Last $23.72		Change -0.130(0.55%)		Mkt cap ! $45.03B

Open	High	Low	Value	Volume
$23.93	$24.08	$23.68	$108.7M	4.556M

Buyers (Bids)

No.	Vol.	Price($)
2	7475	$23.70

Sellers (Offers)

Price($)	Vol.	No.
$23.73	652	1

View Market Depth

No.	Vol.	Price($)
2	2600	23.690
7	7021	23.680
2	83	23.660
6	1463	23.650
1	100	23.630

Price($)	Vol.	No.
23.730	652	1
23.750	3202	2
23.800	20786	4
23.820	962	2
23.830	377	2

Last trade - 16.19pm 27/06/2025 (20 minute delay)

WDS (ASX) Chart

Fuel rebates are provided because excise is only applicable to...

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

Boss extends June win streak with boosted Alta Mesa extraction rates

'Not possible' to port renewable gas: ACCC takes AGN to court

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

	Small Business	Fossil Fuel Company
Diesel price (excl. tax)	$1.50	$1.50
Fuel excise (tax)	$0.506	$0.506
Fuel tax credit refund	❌ $0.00	✅ $0.506 (full refund)
Total price paid per litre	$1.50 + $0.506 = $2.006	$1.50 – $0.506 = $0.994
Fuel cost claimed as deduction	$2.006 (full paid amount)	$0.994 (net after refund)
Tax deduction benefit (@30%)	$0.602 saved	$0.298 saved
Total effective cost per litre (after tax)	$2.006 – $0.602 = $1.404	$0.994 – $0.298 = $0.696

Item	Amount (AUD)
Small Business pays	$1.404 per litre (after tax)
Fossil Fuel Company pays	$0.696 per litre (after tax)
Advantage for fossil fuel company	✅ $0.708 cheaper per litre

Fuel rebates are provided because excise is only applicable to...

Top Stories

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

Boss extends June win streak with boosted Alta Mesa extraction rates

'Not possible' to port renewable gas: ACCC takes AGN to court

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

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Buyers (Bids)

Sellers (Offers)

Featured News