The Australian Automotive Dealers Association (AADA) has welcomed the 24-25 Federal Budget allocation of $60 million for the dealer charging fund and $3 million to implement the government’s responses to the review of the franchising code of conduct.
The peak body representing franchised new car dealers is disappointed by changes made to the Luxury Car Tax (LCT) in the Mid Year Economic and Fiscal Outlook (MYEFO).
The Federal Government needs to abolish the Luxury Car Tax (LCT) rather than use it as an ill-conceived money grab, says the Federal Chamber of Automotive Industries (FCAI).
A fleet management organisation has welcomed the move by the Australian Tax Office to raise the luxury car tax thresholds for ‘fuel efficient vehicles’ from July 1, 2023. Fleetcare chief executive officer Nigel Malcolm says the move will encourage more businesses and individuals to consider electric vehicles.
