Title Black day for Australia's automotive industry.
Database Press Releases
Date 25-09-2008
Source SHADOW MINISTER FOR INNOVATION, INDUSTRY, SCIENCE AND RESEARCH
Author ABETZ, Sen Eric
Citation Id YDVR6
Cover date Thursday, 25 September 2008
Format Online Text
In Government no
Item Online Text: 1759965
Key item No
MP yes
Pages 1p.
Party LPA
Speech No
System Id media/pressrel/YDVR6


Black day for Australia's automotive industry.

Thu, 25th September 2008 BLACK DAY FOR AUSTRALIA'S AUTOMOTIVE INDUSTRY

Senator the Hon Eric Abetz Deputy Leader of the Opposition in the Senate Shadow Minister for Innovation, Industry, Science and Research

The passing into law of the dog's breakfast which has become the Luxury Car Tax surcharge is a black day for Australia's automotive industry.

This tax slug will cost Australian car industry jobs.

Incredibly, the Government has made the situation worse by putting together a series of contradictory amendments that had the result of exempting European made cars from not only the tax increase, but the entire tax, while slugging Australian made cars with the extra eight percent tax.

As a result of this new law, the following cars:

The Audi A4, Alfa Romeo, Sportswagon, the BMW 3 series, the BMW X3, Jaguar X-Type, Mercedes-Benz C Class, the SAAB Sports sedan, the SAAB SportCombi and the BMW 5 series

Will all be, on average, some $3,500 cheaper;

While not a single Australian made car will be cheaper – in fact, they will be, on average, $1,000 more expensive!

It is incredible that a Government who pretends to support the Australian car industry would wilfully introduce a tax which advantages European imports over Australian made cars.

The Rudd Government can no longer claim they have the interests of the Australian automotive industry at heart.