Remunerator News

Mar 20 2014

Prime Minister reconfirms commitment to Car FBT.

On 19th March 2014, the Government introduced legislation and tabled documents to repeal over 10,000 pieces of legislation and regulations that the Government identified as a part of their Deregulation Review.

As part of the Prime Minister’s Statement to Parliament, he reconfirmed the Government’s commitment to the Car FBT Legislation for Employer Provided Cars which includes Cars Salary Packaged through Novated Lease Arrangements.

Including this latest formal statement, the Government has now declared their commitment to the current Car FBT Rules numerous times since September 2013. Furthermore, this statement follows the recent announcements made by Holden and Toyota.

Click the link below for an excerpt of the Prime Minister’s Statement to Parliament.
PM – Statement on Deregulation – FBT Reference