Category: Policy Viewpoint

CONVENTION TOPIC: LUXURY CAR TAX THRESHOLD TO RISE

The Luxury Car Tax (LCT) threshold will increase to $64,132 for the 2016/17 financial year, in line with an increase in the ‘All Groups’ Consumer Price Index (CPI). The LCT threshold for fuel-efficient luxury cars will increase to $75,526. Cars…

IS THIS WHAT WE WANT FOR AUSTRALIAN CONSUMERS?

The Federal Government is putting Australian consumers at risk by allowing personal importation of new and near-new vehicles from 2018. Already we are seeing advertisements from foreign car-sellers looking to steal a march on our local market, which will, as…

AADA Notice of AGM

Dear member, This is to advise you of the upcoming annual general meeting of the members of the Australian Automotive Dealer Association Limited. The details of this meeting are as follows: Date: TUESDAY 6 SEPTEMBER 2016 Time: 2.30pm Place: AADA…

LUXURY CAR TAX EXEMPTION

The Tax and Superannuation Laws Amendment (2016 Measures No. 2) Bill 2016 provided for an exemption for certain public institutions that import or acquire luxury cars for the sole purposes of public display. Currently, if a public museum or art…

ASIC TO PROHIBIT FLEX-COMMISSIONS IN CAR FINANCE MARKET

The Australian Securities and Investments Commission (ASIC) has been conducting a review of commission arrangements in the car finance market for a number of years. Its findings will have a significant impact on the way Dealers conduct or continue business…