Luxury Car Tax Repeal Could Save SUV Buyers Thousands

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Australia's 33% Luxury Car Tax faces the axe in EU trade deal negotiations, potentially saving buyers thousands on new vehicles

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Introduced in 2001 to protect local manufacturing, the LCT now brings in $1.2-5.2 billion annually but has outlived its original purpose

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Many "luxury" vehicles aren't actually luxury at all - family SUVs like Toyota Prados and Hyundai Palisades frequently exceed the $80,567 threshold

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A $100,000 SUV currently attracts approximately $6,000 in Luxury Car Tax - money that could stay in buyers' pockets

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The Albanese Government is offering to abolish the LCT in exchange for better EU market access for Australian agricultural exports

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What's at stake? Access to 450 million European consumers for Australian beef, dairy, sugar and other farm products

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From July 2025, the Treasury Laws Amendment Act will tighten the fuel-efficient threshold from 7L/100km to just 3.5L/100km

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How will the government replace the lost revenue? Options include road-user charges or carbon-based vehicle taxes

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Industry bodies like FCAI and ACEA have long supported abolishing both the LCT and the 5% import duty on vehicles

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Red wood ant colonies influence forest health through their defensive tactics and relationships with various species.

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