Parliament of Australia:Senate:Committees:Standing Committee on Economics:Tax Laws Amendment (Luxury Car Tax) Bill 2008; A new Tax System (Luxury Car Tax Imposition-General) Amendment Bill 2008; A New Tax System (Luxury Car Tax Imposition-Customs) Amendment Bill 2008; A New Tax System (Luxury Car Tax Imposition-Excise) Amendment Bill 2008

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Tax Laws Amendment (Luxury Car Tax) Bill 2008; A new Tax System (Luxury Car Tax Imposition-General) Amendment Bill 2008; A New Tax System (Luxury Car Tax Imposition-Customs) Amendment Bill 2008; A New Tax System (Luxury Car Tax Imposition-Excise) Amendment Bill 2008

28 August 2008

View the report as a single document - (PDF 212KB)

View the report as separate downloadable parts:


Membership of Committee	(PDF 10KB)

Chapter 1 - Introduction	(PDF 22KB)
Background Conduct of the inquiry Background to the bills

Chapter 2 - Key issues	(PDF 85KB)
Increasing coverage of the LCT over time The impact on the LCT rate increase on car prices and the CPI The impact of the tax on sales of cars The impact on Australian manufacturers Government revenue implications The impact on rural residents and families The rationale for taxing luxury cars at a higher rate than other goods and services The effect of the LCT and the proposed increase in the LCT rate on the adoption of vehicle safety features and environmental technologies The impact on corrective services The impact on historic vehicles

Chapter 3 - Conclusion	(PDF 12KB)

Dissenting Report from Coalition Senators	(PDF 75KB)
A tax grab based on the politics of envy Pre-empting Bracks' Review / Henry Review Senate inquiry History of the Luxury Car Tax Rationale for a luxury car tax What defines a 'luxury' car? Bracket Creep The Australian car industry – from protectionism to discrimination A tax on innovation Lack of consultation Loss of revenue/jobs Historic vehicles Conclusion

Appendix 1 - Submissions Received	(PDF 11KB)

Appendix 2 - Public Hearings and Witnesses	(PDF 14KB)

For further information, contact:

Committee Secretary
Senate Standing Committee on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3540

Fax: +61 2 6277 5719

Email: economics.sen@aph.gov.au