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Australia news live: luxury car tax change could seal EU trade deal; far north Queensland braces for severe weather
#Australia#luxury car tax#EU trade deal#Queensland#severe weather#trade negotiations#climate
📌 Key Takeaways
Australia may adjust luxury car tax to finalize EU trade agreement
Far north Queensland prepares for severe weather conditions
Trade negotiations with EU hinge on tax policy concessions
Weather warnings highlight regional climate risks
📖 Full Retelling
<p>Jim Chalmers hints concession on threshold for imports could finally lead to an agreement. Follow the latest updates live</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul&g
Australia, officially the Commonwealth of Australia, is a country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. It has a total area of 7,688,287 km2 (2,968,464 sq mi), making it the sixth-largest country in the world and the largest in Ocea...
Queensland (locally KWEENZ-land, commonly abbreviated as QLD) is a state in northeastern Australia, the second-largest and third-most populous state in Australia. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south, respectively. To the e...
14.56 EST Australia to change luxury car tax to close EU trade deal Tom McIlroy Australia looks set to make changes to the luxury car tax as part of concessions to secure a free trade deal with the European Union. Both sides have been talking up significant progress on the negotiations and a visit to Australia by the European Commission president, Ursula von der Leyen , could be announced within days. The luxury car tax has been a sticking point and Guardian Australia has been told the current $80,000 threshold could be increased to at least $100,000, in a concession to European manufacturers including BMW and Mercedes-Benz. Cars with a value over the LCT threshold attract an LCT rate of 33%. The treasurer, Jim Chalmers , confirmed the government had indicated a willingness to include the luxury car tax thresholds in the FTA discussions. “We are trying to finalise that EU free trade deal as soon as we can,” he said, paying tribute to the trade minister, Don Farrell, and the foreign affairs minister, Penny Wong.
