Who's Really Next? The people affected by changes to Fringe Benefits Tax

The Federal Labor advertising campaign launched today highlights the uncertainty around job insecurity and economic stability. By asking "Who's Really Next?" demonstrates once again why the Governments own poorly thought out changes to Fringe Benefits Tax (FBT) must be reversed immediately.

It is certainly rather ironic that the Government is running a scare campaign about job losses when the changes they have introduced to Fringe Benefits Tax have already led to hundreds of job losses and will further impact thousands of Australians through additional job losses and cuts to community services, particularly in the charity and not-for-profit sector.

Reports in today’s media confirm the heads of the Victorian Healthcare Association, Ambulance Victoria, leading Age Services Australia and the Australian Dental Association have joined other organisations in writing to the Prime Minister and Treasurer demanding a rethink and reversal of these changes.

President of the Australian Salary Packaging Industry Association (ASPIA) Leigh Penberthy today urged the Government to take the first and crucial step to reducing job uncertainty and cost of living pressures by scrapping forthwith its own damaging changes to Fringe Benefits Tax.

"The Rudd Labor Government's changes to FBT have caused an immediate and significant drop in motor vehicle orders,"
Mr Penberthy said.

"This has already resulted in hundreds of job losses across the sector and thousands more jobs are now at risk. Car sales have fallen sharply, causing knock-on effects that will spread across the community as the broader economy slows."
He said the changes, undertaken without any consultation, resulted in a poorly considered policy that will impact hundreds of thousands of Australians. In particular, these changes will affect those in the charitable and the not-for-profit sectors, health, education, aged care, and the emergency services.

"It is simply everyday Australians earning around $70,000 a year, who utilises salary sacrificing arrangements through their employer to buy a motor vehicle, valued on average at only $34,500," Mr Penberthy added.
"If the Government is truly genuinely looking to protect workers and really believe there is a 'who's next?' factor of economic uncertainty, they should immediately drop their changes which have already been devastating to the Australian motor vehicle and related industries and will continue to damage the economy putting further pressure on household budgets and increasing the tax burden on charities, the public sector and business, including small businesses."
He urged all Australians to go to www.whosnext.com.au to get the facts on the Rudd Labor Government's changes.

"If the Government really wants to protect workers, it will immediately reverse its decision to change FBT arrangements,"
Mr Penberthy concluded. 

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