Treasury Laws Amendment (Tax Incentives and Integrity) Act 2025 (29 of 2025)
Schedule 1 Luxury car tax
A New Tax System (Luxury Car Tax) Act 1999
1 Subsections 25-1(3) and (3A)
Repeal the subsections, substitute:
Luxury car tax threshold - general
(3) Subject to subsection (4), the luxury car tax threshold is:
(a) $80,567 if the supply of the car occurs, or the car is *entered for home consumption, in the 2024-25 *financial year; or
(b) if that supply, or entry for home consumption, is in a later financial year - the amount worked out for that financial year after indexing $80,567 annually using Subdivision 960-M of the *ITAA 1997.
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