The Federal Government has announced that it will tighten the requirements for a vehicle to be considered ‘fuel efficient’ when the Luxury Car Tax (LCT) applies.
Currently, cars deemed ‘fuel efficient’ are those that use less than 7.0L/100km, and aren’t subject to the LCT unless they’re more than $89,332. Other vehicles are charged LCT if they’re above $76,950. Changes proposed to the tax will see that efficiency figure drop from 7.0L/100km to 3.5L.
This means many…
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