The PaRRTy is over

Summary of proposal

This proposal would replace the existing petroleum resource rent tax method of uplifting excess expenditure to future years with the following two treatments:

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Revenue implications of changes to vehicle taxation measures

Summary of proposal

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.

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Revenue implications of changes to vehicle taxation measures

Summary of proposal

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.

Read more

Revenue implications of changes to vehicle taxation measures

Summary of proposal

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.

Read more

Revenue implications of changes to vehicle taxation measures

Summary of proposal

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.

Read more

Revenue implications of changes to vehicle taxation measures

Summary of proposal

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.

Read more

Revenue implications of changes to vehicle taxation measures – Fringe benefits tax exemption

Summary of proposal

The proposal would exempt all newly purchased battery electric, plug‐in hybrid electric, and hydrogen
fuel cell electric vehicles from the fringe benefits tax (FBT).

The proposal would have effect from 1 July 2019.

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Revenue implications of changes to vehicle taxation measures – Fringe benefits tax exemption

Summary of proposal

The proposal would exempt all newly purchased battery electric, plug‐in hybrid electric, and hydrogen
fuel cell electric vehicles from the fringe benefits tax (FBT).

The proposal would have effect from 1 July 2019.

Read more

Revenue implications of changes to vehicle taxation measures – Fringe benefits tax exemption

Summary of proposal

The proposal would exempt all newly purchased battery electric, plug‐in hybrid electric, and hydrogen
fuel cell electric vehicles from the fringe benefits tax (FBT).

The proposal would have effect from 1 July 2019.

Read more

Revenue implications of changes to vehicle taxation measures – Fringe benefits tax exemption

Summary of proposal

The proposal would exempt all newly purchased battery electric, plug‐in hybrid electric, and hydrogen
fuel cell electric vehicles from the fringe benefits tax (FBT).

The proposal would have effect from 1 July 2019.

Read more