FINANCE spokesman Andrew Robb has declared Labor’s fringe benefits tax crackdown on company cars “dead buried and cremated” with the election of the Coalition.

With  the recent Liberal Party election victory comes a sigh of relief from Australian vehicle manufacturers and various sectors of the business community. As the Australian reports, Finance spokesman Andrew Robb has declared that there will not be the tax crackdown forecasted by the Labor Party to fringe benefits tax on motor vehicles.

What does this mean for Australians?

–          Protection of local manufacturing plants – keeping jobs & our favourite brands on the roads

–          Highlights the “open for business” mantra from the newly elected Government

–          No changes to thousands of people using novated leases at present

Ironically, novated leases are often not the best finance option for the small/medium business market. With our new finance division open for business, now’s a great time to understand the best solution for your equipment and vehicle finance needs. We can help you understand your options and make an informed choice. We take the leg work and headaches out of securing finance for your upcoming purchases, so why not contact James Coates for a complimentary consultation?

James Coates

Mentor1 Finance

M: 0424 733 127


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