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dc.contributor.authorMortimore, Anna
dc.date.accessioned2017-05-03T12:03:40Z
dc.date.available2017-05-03T12:03:40Z
dc.date.issued2011
dc.date.modified2013-06-07T05:57:34Z
dc.identifier.issn0812695X
dc.identifier.urihttp://hdl.handle.net/10072/47668
dc.description.abstractAustralia's Fringe Benefits Tax (FBT) regime is not aligned with environmental policy objectives of reducing greenhouse gas emissions from road transport. Unfortunately, the reform announced by the Australian Government on 10 May 2011 to remove the incentive for people driving excess kilometres to reduce tax liability is unlikely to significantly cut road emissions. This is because the reform fails to address other behavioural effects harmful to the environment, that is, the concession will continue to increase the total number of vehicles acquired, and distort employees' choice of vehicle towards larger, more carbon emitting vehicles. To achieve a significant reduction in road transport emissions will require improving the fuel efficiency of conventional vehicles as well as a gradual transition from fossil fuels to alternative fuels, both of which will involve technological advancement in low carbon vehicles. However, to bring such technology to the market will require consumers to make a behavioural change by purchasing low emission vehicles, and this will require Government support so that consumers are guided towards making such low carbon choices. This paper argues that the existing car fringe benefits concession is an effective measure to encourage a behavioural change to low-emission vehicles, particularly as over half of all new vehicles acquired each year are fleet vehicles under the FBT regime. This would also significantly build up the country's fleet of low-emission vehicles, as vehicles under the FBT regime are sold onto the second hand market every two to three years. Given this, the paper considers what reform is necessary to the car FBT regime to encourage a behavioural change that would build up Australia's fleet of low emission vehicles and support the environmental policy objective of significantly reducing road transport emissions.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent801281 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherTaxation Institute of Australia
dc.publisher.placeAustralia
dc.publisher.urihttp://www.taxinstitute.com.au/australian-tax-forum/what-now-for-environmental-sustainability-government-fails-to-link-the-australian-car-fbt-concession-to-vehicle-emissions
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom541
dc.relation.ispartofpageto583
dc.relation.ispartofissue3
dc.relation.ispartofjournalAustralian Tax Forum
dc.relation.ispartofvolume26
dc.rights.retentionY
dc.subject.fieldofresearchEnvironmental Monitoring
dc.subject.fieldofresearchTaxation Law
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchPolicy and Administration
dc.subject.fieldofresearchLaw
dc.subject.fieldofresearchcode050206
dc.subject.fieldofresearchcode180125
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1605
dc.subject.fieldofresearchcode1801
dc.titleWhat now for environmental sustainability? Government fails to link the Australian car FBT concession to vehicle emissions
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© The Author(s) 2012. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal’s website or contact the author.
gro.date.issued2011
gro.hasfulltextFull Text
gro.griffith.authorMortimore, Anna


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