Tax on luxury cars making older vehicles harder to rescue

Monday March 01, 2021

Queensland Transport Minister Mark Bailey will ask his federal counterpart to review the luxury car tax.

A 1964 Excalibur SSK before restoration. Source: Sleeping Beauties, Moorooka.

The Federal Government introduced the luxury car tax partly to protect the Australian vehicle manufacturing industry, which has since gone into further decline.

Amid calls for the tax to be abolished, or at least redesigned, a state parliamentary committee inquiry has heard evidence it is undermining the car restoration sector in Australia.

Wolf Grodd, owner of Moorooka restoration…

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