-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Labor Electric Car FBT discount
- Thread starter ENORYM
- Start date
Thanks for sharing! Getting excitedFrom the Guardian Today:
The Greens and the government have agreed on amendments to the Treasury laws amendment (electric car discount) bill 2022 that prioritises electric vehicles over plug-in hybrids that rely on petrol. The agreement also includes shifting the commonwealth fleet to electric vehicles.
The Greens leader and climate change spokesperson, Adam Bandt, has been negotiating with the government in recent weeks to limit funding to petrol-powered hybrids and to increase support for electric vehicles. Without the Greens’ votes in the Senate, the government was unable to pass the bill.
The government has agreed to support changes to the bill that will limit the support for plug-in hybrids and prioritise full electric vehicles, including:
The ATO will issue guidance on when household charging technology is able to be included within FBT-exempt vehicle packages.
- Sunsetting support for petrol-based plug-in hybrids on 1 April 2025.
- Prioritising zero-emission electric vehicles in the Australian government fleet procurement policy, by removing plug-in hybrid vehicles except in exceptional circumstances.
With the amendments sought by Bandt secured, Greens senators will support the EV bill being passed by the Senate this week.
The Gurdian doesnt have a story posted on this but The Age does:
Cheaper electric cars, hybrids after Greens, Pocock strike deal
New tax breaks could cut the cost of EVs by up to $12,500 after Labor did a deal to pass laws experts believe could “turbocharge” the shift to cleaner cars.www.theage.com.au
New Tech Bj
Member
Yep same here.. The Greens also mention the option of perhaps salary sacrificing EV charging equipment as well:
"The Greens also say the ATO will issue guidance on when household charging technology can be included within fringe benefits tax-exempt vehicle packages" (from Car expert article)
www.smh.com.au
"The Greens also say the ATO will issue guidance on when household charging technology can be included within fringe benefits tax-exempt vehicle packages" (from Car expert article)
Cheaper electric cars, hybrids after Greens, Pocock strike deal
Greens leader Adam Bandt struck a compromise with the government to accept parts of the scheme that offer tax breaks to plug-in hybrid vehicles as well as electric vehicles.
hyperdallas
Member
It actually needs to be heard first. Each time its on the agenda, it never gets heard and gets bumped for other things.
Up next. Not sure if there will time for it in the hour before the senate adjourns tonight.
hyperdallas
Member
Jusebert
Member
Really cool news about providing guidance on how we can claim home charging as well. That is an additional
Listed as number 9 on the order of business :-(
hyperdallas
Member
Nope. I'm getting a LR + Black and it's still under. You exclude stamp duty and on-roads. Best way to check it's to look at the cost breakdown, if there is LCT - you're over the limit, if there's not, you're sweet.
Priit
Active Member
Similar to mine, I have MSM LR on order. In QLD it comes under the LCT limit, so should be fine.
Just hoping our Government can get their act together and get this legislation done. On that note, does anyone know if they managed to get any traction on that?
Government business may be debated in the evening after all other matters have been considered, up until adjournment (7:30pm today).
The Government amended the order of business for this week where from 2pm Friday a number of bills and amendments will be voted on without further debate, including the Treasury Laws Amendment (Electric Car Discount) bill 2022.
