Thursday, 8 September 2022
Treasury Laws Amendment (Electric Car Discount) Bill 2022; Consideration in Detail
I seek leave to move amendments (1) and (2) as circulated in my name together.
As I discussed yesterday when I addressed this House, I feel that one of the biggest opportunities facing us as a nation is to actually grow the size of the second-hand car market here in Australia. In this context, the amendments that I have proposed are designed to enable the FBT exemption to be extended to second-hand vehicles that are imported but were made after January 2020. I move amendments (1) and (2) as circulated in my name together:
(1) Schedule 1, item 1, page 3 (line 21), at the end of subsection 8A(2), add:
; or (d) a vehicle of a kind mentioned in paragraph (a), (b) or (c) that is an imported second-hand vehicle.
(2) Schedule 1, item 6, page 4 (after line 26), after the definition of hydrogen fuel cell electric vehicle, insert:
imported second-hand vehicle means a motor vehicle that:
(a) was manufactured on or after 1 January 2020; and
(b) is imported into Australia; and
(c) at the time of importation:
(i) has previously been used in a foreign country; and
(ii) has not previously been registered in Australia under a law of a State or Territory; and
(iii) complies with the relevant Australian safety standards, as in force at that time.