{"id":2975,"date":"2013-09-11T09:31:06","date_gmt":"2013-09-10T23:31:06","guid":{"rendered":"http:\/\/blog.privatefleet.com.au\/?p=2975"},"modified":"2020-06-20T01:34:19","modified_gmt":"2020-06-19T15:34:19","slug":"fbt-post-election","status":"publish","type":"post","link":"https:\/\/www.privatefleet.com.au\/blog\/car-sales\/fbt-post-election\/","title":{"rendered":"FBT: Post election"},"content":{"rendered":"

\"Abbott<\/a>Now the Federal election is over and the Coalition have taken pole position, Tony Abbott’s declaration that the mooted changes to the Fringe Benefit Tax will not go ahead is now ready to be checked. And, seemingly, this is the case, according to a communique dated 3 September, four days before the election.<\/p>\n

A letter sent to the Australian car industry, its employers and employees associated with it, appears to confirm the Coalition’s determination to not go ahead with any modifications to the Fringe Benefit Tax, as it stands; part of the letter states: “…we encourage all stakeholders, including employers and employees engaged in salary sacrifice programs, to urgently and immediately return to normal trading activity in order to repair the damage done….” and: “…we want to acknowledge the role the leasing and salary packaging industry plays in assisting with new car sales, generating demand and, therefore, generating jobs.”<\/p>\n

\"calculator-image-clipart-9\"<\/a>With a marked and measurable slowdown in sales and yards full of cars that were ordered and cancelled, the car finance and leasing industries can look forward to a settling of the market and resume the trading levels experienced over the last couple of years. It also has to be said that the reaction of the car lease industry, with the changes not put into legislation and, for the most part, really only put forward as a change should Labor had won, could be seen as a huge overreaction and ultimately a back ended scare.<\/p>\n

Since the change of government, car leasing firms have been rehiring people stood down prior to the election and interest in purchasing fleet vehicles has increased. Danny Wilson, from leasing company NLC said: “We started 23 people back at work this week and we’ll keep an eye on demand, and if that keeps getting stronger we’ll keep improving our staffing levels,” he said.”We saw sales start to return almost immediately after the election – even from the Monday or Tuesday.<\/p>\n

 <\/p>\n

”We’re below what we’re normally projected to be at this time but I think we’re trending towards that 75 to 80 per cent mark. In terms of the sales levels, it does take some time for those to work through your system, but in terms of our inquiry levels, we’re up to that 75 per cent mark.”<\/p>\n

What has also come out of the change of government was this simple observation from Leigh Penberthy, the President of the Australian Salary Packaging Industry Association: ”With the Liberal government now in place, there is no new law to be passed because there were no changes made to the tax law,” he said. ”Effectively, it’s now pretty much as it was prior to July 16, and I guess the industry has got to get back on with business.”<\/p>\n

Simple really; the expectation was that the Coalition would win plus there was no actual legislation put forward, voted upon and passed\/denied by the government. Sadly, it has come at an industry cost with Falcon and Territory sales collapsing even further and this is being seen as a contributing factor to the company’s decision to close local manufacturing down. Regardless though, let’s hope it is a return to business as usual.<\/p>\n

\n<\/div>\n

 <\/p>\n

 <\/p>\n

  http:\/\/credit-n.ru\/credit-card-single-tinkoff-platinum.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Now the Federal election is over and the Coalition have taken pole position, Tony Abbott’s declaration that the mooted changes to the Fringe Benefit Tax will not go ahead is now ready to be checked. And, seemingly, this is the case, according to a communique dated 3 September, four days before the election. A letter […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-2975","post","type-post","status-publish","format-standard","hentry","category-car-sales"],"_links":{"self":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/2975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/comments?post=2975"}],"version-history":[{"count":5,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/2975\/revisions"}],"predecessor-version":[{"id":12125,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/2975\/revisions\/12125"}],"wp:attachment":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/media?parent=2975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/categories?post=2975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/tags?post=2975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}