Electric car discount bill passes both Houses of Parliament

The legislation to exempt from fringe benefits tax (FBT) cars that are zero or low emissions vehicles has passed the Parliament, with details provided by David Sofrà and Langdon Patrick.

The House of Representatives agreed to amendments made by the Senate to the Treasury Laws Amendment (Electric Car Discount) Bill 2022, with the Bill now passing both Houses of Parliament on the evening of Monday 28 November 2022, The Bill, which now awaits Royal Assent, amends the Fringe Benefits Tax Assessment Act 1986 to exempt from fringe benefits tax (FBT) zero and low emissions vehicles and, forming part of the Labor Government’s broader National Electric Vehicle Strategy, aims to incen...

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Authors: David Sofrà, Langdon Patrick

Published Date: 29 November 2022