That's correct. I had a Tesla rep tell me to pay early for the tax incentive and it wouldn't matter if picked up the car after June 30. I told him that is not correct and he shouldn't be telling people that... However the LCT threshold goes up on July 1, so able to get a coloured Y LR and not pay FBT. Just means not getting big tax break this year, but will get smaller tax breaks the next 3 years...No, the equipment (car, in this case) must be purchased and in use by EOFY.