100% Locally Owned, Independent and Free

100% Locally Owned, Independent and Free

EV expert: fringe benefits tax and electric cars

Do you have a news tip? Click here to send to our news team.

Jane Stephens: absurd process for job applications

Once upon a time, individuals applied for a job in person, presenting their printed resume detailing experience and expertise to a prospective employer, while More

Businesses to collaborate and celebrate at events

Sunshine Coast business community members are set to share their stories and recognise industry leaders at two annual events. They have been invited to the More

How budding entrepreneurs can turn ideas into a business

An innovative challenge that supports young entrepreneurs and aims to tackle unemployment is gearing up to celebrate its 10th year in the Sunshine Coast More

Waterfront restaurant’s new owners make impact

A prominent waterfront restaurant, bar and function venue has new owners, who have introduced a revamped menu. Hospitality service Kickon Group expanded its portfolio with More

Fares from $49: sale entices southern getaways

Sunshine Coast Airport and Visit Sunshine Coast have joined forces with Jetstar in a bid to entice more southerners to the region. The airline is More

‘Pioneering’ food and beverage precinct attracts overseas interest

A forthcoming food and beverage manufacturing complex has attracted the attention of international businesses. Expressions of interest from potential tenants are being welcomed for the More

How will the electric vehicle (EV) fringe benefits tax (FBT) exemption work?

The proposed FBT exemption is intended to apply to cars provided by an
employer to an employee under the following conditions:

• Low and zero emission cars
• Battery electric vehicles
• Hydrogen fuel cell electric vehicles
• Plug-in hybrid electric vehicles. Be careful here because this doesn’t include all hybrid vehicles. To qualify the car needs to be ‘plug-in’. A car that has an internal combustion engine will not meet requirements unless it is able to be fuelled by a battery that can be recharged by an off-vehicle power source.
• The car was first held and used on or after 1 July 2022
•Value below luxury car tax threshold for fuel efficient vehicles. The value of the car
at the first retail sale must be below the luxury car tax threshold ($84,916 in 2022-23) for fuel efficient vehicles.

By its nature, the FBT exemption only applies where an employer provides a car to an employee. As the FBT exemption only relates to cars, other vehicles like vans are excluded. Cars are defined as motor vehicles (including four-wheel drives) designed to carry a load less than one tonne and fewer than nine passengers.


[scn_go_back_button] Return Home

Subscribe to SCN’s daily news email

This field is for validation purposes and should be left unchanged.