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Robb quick to kill off FBT changes

Holden has welcomed the reversal of Labor's fringe benefits tax changes.

Finance spokesman Andrew Robb has declared Labor's fringe benefits tax crackdown on company cars “dead, buried and cremated” with the election of the Coalition. Holden welcomed the reversal of Labor's fringe benefits tax changes that came with the Coalition's crushing election win. Holden said the FBT changes would have had “a significant impact” on its carmaking business.

South Australian Labor Premier Jay Weatherill said his first order of business with Mr Abbott would be the Coalition's policy to reduce financial assistance to the automotive sector, which he said would force Holden to close its manufacturing plant in northern Adelaide.

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