Bill
Treasury Laws Amendment (Electric Car Discount) Bill 2022
passed, as at 2022-12-12. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2022-07-27
- second reading — 2022-07-27
- other — 2022-09-07
- second reading — 2022-09-07
- second reading — 2022-09-08
- committee — 2022-09-08
- other — 2022-09-08
- third reading — 2022-09-08
- introduced — 2022-09-08
- second reading — 2022-09-08
- second reading — 2022-11-22
- second reading — 2022-11-24
- second reading — 2022-11-24
- committee — 2022-11-24
- committee — 2022-11-25
- third reading — 2022-11-25
- other — 2022-11-28
- other — 2022-11-28
- passed — 2022-11-28
- royal assent — 2022-12-12
Divisions
- The majority voted against a [second reading amendment](https://www.openaustralia.org.au/senate/?gid=2022-11-24.69.3) introduced by West Australian Senator [Dean Smith](https://theyvoteforyou.org.au/people/senate/wa/dean_smith) (Liberal), which means it failed. ### What are second reading amendments? Second reading amendments like these don't make legal changes themselves, but instead represent the will of the Senate. They add words to the usual second reading motion, which is "*that the bill be [read a second time](https://peo.gov.au/understand-our-parliament/how-parliament-works/bills-and-laws/making-a-law-in-the-australian-parliament/)*", which is parliamentary jargon for agreeing with the main idea of the bill. ### Motion text > *At the end of the motion, add ", but the Senate:* > > *(a) notes that:* > >> *(i) with this policy the Government has failed to:* >> >>> *(A) establish clear criteria and metrics of success for the policy,* >>> >>> *(B) ensure the expenditure is temporary, proportionate, and linked to tangible productivity gains,* >>> >>> *(C) quantify any benefit of the policy to electric vehicle uptake, to emissions reduction, or the budget bottom line,* >>> >>> *(D) tangibly address the biggest constraint on electric vehicle uptake, which is supply and infrastructure, and* >>> >>> *(E) consult with business and civil society on policy design,* >> >> *(ii) the legislation does not address the core supply issues of electric vehicles, and will not substantially close the consequent cost gap between electric vehicles and non-electric vehicles,* >> >> *(iii) the Coalition supports increased uptake of low and zero emissions vehicles and the Coalition government's focus was on enabling consumer choice when it comes to new vehicle and fuel technologies, and* >> >> *(iv) the Coalition is focused on partnering with industry to support the uptake of new vehicle technologies and creating the necessary enabling environment to support uptake, which includes helpin — 2022-11-24, Senate: negative, ayes 23, noes 29
- The majority voted against a [second reading amendment](https://www.openaustralia.org.au/senate/?gid=2022-11-24.191.1) introduced by Queensland Senator [Gerard Rennick](https://theyvoteforyou.org.au/people/senate/queensland/gerard_rennick) (Liberal), which means it failed. ### What are second reading amendments? Second reading amendments like these don't make legal changes themselves, but instead represent the will of the Senate. They add words to the usual second reading motion, which is "*that the bill be [read a second time](https://peo.gov.au/understand-our-parliament/how-parliament-works/bills-and-laws/making-a-law-in-the-australian-parliament/)*", which is parliamentary jargon for agreeing with the main idea of the bill. ### Motion text > *At the end of the motion, add ", but the Senate:* > > *(a) notes that with this policy the Government has failed to:* > >> *(i) consider the need to dispose of EV car batteries in an environmentally safe manner,* >> >> *(ii) address the hazardous by-products of redundant EV car batteries and ensure that toxic substances do not leach into the environment,* >> >> *(iii) consider the costs of recycling EV car batteries,* >> >> *(iv) introduce regulatory standards or criteria for recycled EV car batteries to be re-sold to the public,* > > *(b) calls on the Government to outline a plan for EV battery recycling and consider other proposals to cover the costs of recycling and disposal of EV car batteries* — 2022-11-24, Senate: negative, ayes 24, noes 27
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2022-07-27.
This bill would make electric cars cheaper for employees by removing fringe benefits tax on them.
It changes the fringe benefits tax law to exempt zero or low emissions vehicles used for private purposes, as long as the car's first retail price does not exceed the fuel-efficient luxury car tax limit.
The exemption applies to benefits provided from 1 July 2022 for eligible cars first owned and used on or after that date, with a review after three years.
- Exempts zero or low emissions cars from fringe benefits tax.
- Limits the exemption to cars below the fuel-efficient luxury car tax threshold.
- Applies the change to benefits from 1 July 2022 for eligible cars first held and used on or after that date.
- Requires a review of the amendment after three years.
Employers providing zero or low emissions cars for private use by employees.
Sources
em
billhome
frl act