Bill
Treasury Laws Amendment (Extending the FBT Exemption for Plug-In Hybrid Electric Vehicles) Bill 2024
lapsed, as at 2025-07-21.
- Sponsor
- Van
- Portfolio
- Not recorded
Recorded stages
- introduced — 2024-05-15
- second reading — 2024-05-15
- other — 2025-07-21
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2024-05-15.
The bill would extend an existing tax break for plug-in hybrid electric vehicles to 1 April 2030.
It keeps the current fringe benefits tax concession for these vehicles, which otherwise would expire soon.
The government says the extension supports national goals for cutting greenhouse gas emissions and addresses ongoing barriers to adopting lower-emission vehicles.
- Extends the fringe benefits tax concession for plug-in hybrid electric vehicles until 1 April 2030.
- Maintains the existing tax incentive, rather than introducing new measures.
- Aligns the concession with national emission reduction goals.
Employers and employees who use plug-in hybrid electric vehicles for work-related purposes.
Sources
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