ASIC INTERVENTION RISKS FURTHER DAMAGING AUTOMOTIVE INDUSTRY

The Australian Automotive Dealer Association’s submission to ASIC’s proposed intervention order on the sale of automotive add-on insurance and warranty products has expressed concern that the intervention will further harm the industry and its ability to service its customers. ASIC…

LUXURY CAR TAX THRESHOLD RISES

The Australian Tax Office has revised the Luxury Car Tax (LCT) threshold, from $66,331 to $67,525 for the 2019-20 financial year. For fuel-efficient vehicles the LCT threshold remains the same at $75,526.In the past decade, the threshold for non-fuel-efficient vehicles…

REFORM, THEN ABOLISH

AADA has proposed three options to reform the Luxury Car Tax (LCT) before its eventual abolition, in its Budget Submission to the Federal Government. “The LCT is a poorly structured tax and acts as a barrier to the renewal of…

FAIRNESS IN FRANCHISING: GOVERNMENT RESPONSE

On 20 August 2020, the Government published its response to the Parliamentary Joint Committee on Corporations and Financial Services (The Committee) Fairness in Franchising report. The report recommended changes to the Franchising Code of Conduct (Code) and this is the…

GOVERNMENT RELEASES ITS RESPONSE TO THE 2019 FRANCHISING CODE REVIEW

On 20 August 2020, the Australian Government released its long awaited response (Government Response) to the Joint Committee on Corporations and Financial Services inquiry (Inquiry) into the operation and effectiveness of the Franchising Code of Conduct report: Fairness in Franchising…

GOVERNMENT CHANGES TO FRANCHISING CODE PENALTIES ‘WEAK’

The Federal Government has doubled the penalties that apply for a breach of the Franchising Code, but AADA believes this response is still ‘far too weak’ to change anything. AADA Chief Operating Officer Brian Savage said “the penalties are still…

FIXED-PRICE SALES MODEL CONCERNS

As Honda and Mercedes-Benz continue to plan to shift to a set-price distribution model, AADA CEO James Voortman has expressed concern to a Senate Committee about the detrimental effect such a move would have on Australian Dealers. Honda has announced…

NEW GM BRAND ‘UNTHINKABLE’

In the wake of the decision by General Motors’ (GM) to withdraw from the Australian market, AADA has expressed concern over the company’s announcement that it will be launching a new vehicle brand. “The launch of General Motors Special Vehicles…

VIRTUAL EXPO TO DELIVER REAL SOLUTIONS

A feature of the annual AADA National Dealer Convention is the Expo, and with this year’s online “AADA 2020 Moving Forward” we will present a comprehensive “Virtual Expo” of vendors’ products and services in an engaging expo hub. The AADA…