You might remember that last year Steve Bracks led a review of the automotive industry and suggested that Australia might focus on developing larger cars. (Click here for news article.)
Earlier this week, a new report was released. This time the government has shifted its position and is suggesting that Australia should position itself to become a world leader in the design and production of lower emission vehicles. (Click here for news article.) This seems like a step in the right direction – nothing worse than being in the horse and buggy business!
As greater availability of locally produced lower emission vehicles is still off into our future in Australia, it would make sense that the Henry Tax Review takes this into consideration when recommending any changes to legislation with regards to novated leases. Wouldn’t it be good if any legislation were not only green friendly but also supportive of local industry?
Deven
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