THE REAL IMPACT OF THE RUDD GOVERNMENT’S MOTOR VEHICLE REFORMS Figures consolidated and released today from ASPIA (Australian Salary Packaging Industry Association) confirm that the costings behind the Rudd Government’s proposed motor vehicle reforms are flawed and have been collated […]
ASPIA President Leigh Penberthy, interviewed by Neil Mitchell. Click here to listen!
The Federal Government yesterday announced some significant changes to the treatment of the Fringe Benefits Tax concessions in relation to motor vehicles and a Novated Lease. As both the CEO of LeasePLUS and the President of the Australian Salary Packaging […]
The Australian Salary Packaging Industry Association (ASPIA) has reviewed the announced changes to Australia’s Motor Vehicle Fringe Benefits Tax concessions and is disappointed that such a significant change to legislation has occurred without appropriate consultation. ASPIA believes that the changes […]
The Government will make the tax system fairer by ensuring the fringe benefits tax exemption for cars is targeted to actual business use rather than including personal use This reform will remove the statutory formula method for both salary-sacrificed and […]
Executive Summary Without consultation, the Government today announced that the statutory formula method for salary-sacrificed and employer-provided cars will be removed for new contracts entered into after announcement, with effect from 1 April 2014. Existing contracts that are not varied […]
A major blow for business as FBT administration on cars set to skyrocket Melbourne – July 16, 2013: A costly blow is expected to be delivered to both businesses and employees as fringe benefits tax (FBT) administration on cars becomes […]