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TMR News and Features

VACC Considers Luxury Car Tax a Ridiculous Shambles

Jun 25th, 2008 • 3 comments • Link to Article

The VACC has labelled the Rudd Labor Government’s proposed Luxury Car Tax (LCT) a ridiculous shambles and we cannot help but agree.

The Rudd Government has announced that the LCT is to increase from its current 25 percent rate to 33 percent from July 1, irrespective of whether the increase passes Parliament or not. Given that the Senate has referred the Bill to a Committee that is not due to report until at least August 26 this year, this is a curious decision.
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The Insider: Not saving the world - Part 1

Jun 18th, 2008 • 8 comments • Link to Article

Gee, talk about ‘all shoulders to the wheel’. First it was the big announcement from the Rudd-bot about Fuelwatch which is predicted to, but may not actually, save us the grand total of… (wait for it… wait for it…) 1.5 cents a litre!

Whoa, tie me down: a whole 1.5 cents, I wonder what I’ll rush out and spend it on.

Then, not to be outdone, Dr Whatsisname comes back with a promise to slash (yes “slash” brothers and sisters) a full 5 cents off the petrol excise if the Liberals win Government. (Now let’s just play along for a bit and ignore the reality that the next election is three years away and my Aunt’s dead cat has more chance of winning than the riveting Dr Thingamyjig.) » Read Article

FuelWatch running out of gas for Rudd

May 28th, 2008 • 19 comments • Link to Article

Federal opposition leader has dubbed the government’s controversial FuelWatch plan as “FoolWatch” as Prime Minister Kevin Rudd hints at a possible double-dissolution election.

The opposition are preparing to block a number of key Budget measures in parliament in a move that could force an election as early as late 2009, one of which is FuelWatch.

Implementation of the FuelWatch scheme would see petrol stations forced to provide their next day price 24 hours in advance. Motorists would then be able to compare prices in their area via a website or by calling a hotline service.
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Rudd government to increase tax on luxury cars

May 12th, 2008 • 5 comments • Link to Article

With the Rudd administration due to handdown their first budget this Tuesday, wealthy average Australians are preparing to dodge the bullets and one of them is aimed squarely at what the government considers to be ‘luxury cars’. Treasurer Wayne Swan has confirmed that the price of luxury cars will rise and government coffers will be the beneficiary. In fact the luxury tax on cars will increase from the current level of 25% to 33% a change that is expected to affect around 105,000 car purchases per annum. The price of a car costing around $100,000 will increase by approximately $2,500 under the new plan. » Read Article

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