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Current Squizz hasn't slept for 3 days and is grumpier than normal, thus doing his very, very best to preserve the sensitivities of the current tampon-inserting Whoretown crowd by not kicking sand into their vaginas.

deal with it!

  • The proposed changes in relation to car FBT take effect to all new contracts entered into after the 16.07.13 - so you would fit that description
  • The changes basically mean that the more concessional FBT method (the statutory method) has been binned and more FBT revenue will be captured
  • However, the start date of the new rules is quiet conflicting as the statutory formula can still be used for the remainder of the 2014 FBT year (1 Apr 13 – 31 Mar 14). Subsequent to that date only the operating cost can be used.

  • This means the employer must use the operating cost method when calculating the FBT payable on the car they provide to you and involves keeping track of all costs of operating the car for the FBT year
  • There is much uncertainty regarding this pronouncement considering the amount of lobbying from large car manufacturers and the private sector
  • There is even more uncertainty as the coalition have indicated they will oppose this measure and remove it if elected into Government
  • In your case Andrew, I strongly recommend you enquire from your employer what policy they are going to adopt regarding the proposed changes. If they are unclear, advise them that you can still use the statutory method until the next FBT year.
  • Please remember that, in order to make this arrangement effective that precise details of the arrangement between you and your employer needs to be governed by a written salary packaging policy and should include the following:
  • The total cost of employment (TCE) which includes cash salary, superannuation contributions, the cost of the benefits provided and FBT payable by the employer) should not exceed a certain remuneration amount
  • GST credits are added back to the employers package (because they can claim it back if they are GST registered and I highly doubt they are not GST registered)
  • GST is payable on any contributions you make to the package i.e. if you pay for fuel.

  • I do hope all of the above makes sense to you, if not just let me know.

Cheers mate!

Thats actually very useful, For some reason I noticed that lately the quotes have come down drastically (about $150 a fortnight) and I thought the new rules may have been why. Seems not. In any case I probably wont be doing anything about it until after the election anyway so I guess I will just wait and see how that all pans out.

Cheers mate!

Thats actually very useful, For some reason I noticed that lately the quotes have come down drastically (about $150 a fortnight) and I thought the new rules may have been why. Seems not. In any case I probably wont be doing anything about it until after the election anyway so I guess I will just wait and see how that all pans out.

that would be wise to wait until after the elections mate. Just too much uncertainty surrounding this measure.

that would be wise to wait until after the elections mate. Just too much uncertainty surrounding this measure.

Not just that. I've been working on a project here for months that requires legislative approval that's been pushed back and pushed back. There's uncertainty everywhere and at all levels of government.

This is getting heavy, someone make a fart joke.

Should I start each post with "No offence" from here on out? I've seen Burt Wonderstone and if it taught me anything its if I say no offence, you can't be offended... Legally.

only if you feel the need to, I will leave it at your discretion sir.

that would be wise to wait until after the elections mate. Just too much uncertainty surrounding this measure.

Yeah, by the time I get it all sorted it will be September anyway. In the mean time I will work on finding a buyer for the Mazda and decided for sure what car I want to get.

Aw Snuggly-Bear don't be like that.

:- *

Not just that. I've been working on a project here for months that requires legislative approval that's been pushed back and pushed back. There's uncertainty everywhere and at all levels of government.

This is getting heavy, someone make a fart joke.

Projects are always getting pushed back, Two of my projects from when I was at main roads in 2008 are only getting built now, the Kessles Road upgrade and the Warrego / Brisbane Valley Highway interchange. I thought those projects were dead an buried, Nek minnit they are back!

Projects are always getting pushed back, Two of my projects from when I was at main roads in 2008 are only getting built now, the Kessles Road upgrade and the Warrego / Brisbane Valley Highway interchange. I thought those projects were dead an buried, Nek minnit they are back!

When you're paid purely out of an enhancement budget rather than an operational budget it becomes a bigger deal if projects fall flat.

Not just that. I've been working on a project here for months that requires legislative approval that's been pushed back and pushed back. There's uncertainty everywhere and at all levels of government.

This is getting heavy, someone make a fart joke.

That is the general consensus with me also. Having said that the level of bureaucracy and red tape has increased exponentially over that past 15 years and which is not really the government to be blamed for.

ok now for some 9342493_zpscb6a5f10.png

9f388364-26a0-48a3-bf3f-52ac91e3fd1b_zps

That is the general consensus with me also. Having said that the level of bureaucracy and red tape has increased exponentially over that past 15 years and which is not really the government to be blamed for.

ok now for some 9342493_zpscb6a5f10.png

9f388364-26a0-48a3-bf3f-52ac91e3fd1b_zps

I like your style.

Should I start each post with "No offence" from here on out? I've seen Burt Wonderstone and if it taught me anything its if I say no offence, you can't be offended... Legally.

I hear this movie is good?

At least it's a fair reason

The TestnTunes schedule for Wednesday July 24th & 31st have been cancelled due to the re-concreting of the burnout pads.

Yes true... I'm guessing they're talking about behind the start line?

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