There has been media speculation today that the Government may change the commencement date for the luxury car tax measure announced in the 2008-09 Budget.
The Government will not be amending the commencement date.
Upon passage of the legislation, the measure will apply from 1 July 2008, as intended.
The Australian Taxation Office has today released administrative advice for industry on how to make provision for this commencement date of 1 July 2008.