70% of employees who package vehicles earn less than $100 k

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70% of employees who package vehicles earn less than $100 k

  1. 1. 70% of employees who package vehicles earn less than $100,000 30% 70% Greater than or equal to $100,000 Less than $100,000 Notes: (1) Sample size = over 100K vehicles, out of a total of 550,000 employee benefit vehicles Source: ASPIA via ABS, AFLA, ASPIA member data, ATO Taxation Statistics 2010-11, FCAI: VFACTS, FCAI Key Industry Facts, Access Economics and Lateral Economics 550,000 employee benefit vehicles in Australia
  2. 2. 82% of employees who package vehicles are teachers, nurses, charity workers, public health, police and public servants Notes: (1) Sample size = over 100K vehicles, out of a total of 550,000 employee benefit vehicles Source: ASPIA via ABS, AFLA, ASPIA member data, ATO Taxation Statistics 2010-11, FCAI: VFACTS, FCAI Key Industry Facts, Access Economics and Lateral Economics 18% 21% 28% 33% Private sector Police & teachers Charities & public health State & Federal Government public servants 550,000 employee benefit vehicles in Australia
  3. 3. 35% of packaged cars made by local manufacturers Toyota, Ford and Holden; just 5% are BMW, Mercedes and Audi 5% 35% 60% BMW, Mercedes & Audi Toyota, Ford & Holden – Local Manufacturers Other Makes $34,500 = average price Notes: (1) Sample size = over 100K vehicles, out of a total of 550,000 employee benefit vehicles Source: ASPIA via ABS, AFLA, ASPIA member data, ATO Taxation Statistics 2010-11, FCAI: VFACTS, FCAI Key Industry Facts, Access Economics and Lateral Economics
  4. 4. 21% of new vehicles sold in Australia are employee benefit vehicles Source: ASPIA via ABS, AFLA, ASPIA member data, ATO Taxation Statistics 2010-11, FCAI: VFACTS, FCAI Key Industry Facts, Access Economics and Lateral Economics 21% 79% Employee Benefit Vehicles Non-Benefit Vehicles 1.1 million new vehicles sold annually in Australia
  5. 5. Some key log book facts Source: ASPIA via ABS, AFLA, ASPIA member data, ATO Taxation Statistics 2010-11, FCAI: VFACTS, FCAI Key Industry Facts, Access Economics and Lateral Economics How often? What is needed? How many affected? • 12 weeks, every 5 years • However, a log book refresh is needed: — Every time a driver changes jobs — Every time cars are rotated amongst staff — Every time a driver moves residences — Every time a driver moves to another branch or location within their employment — Every time driving patterns change • All business kilometres • All running costs, including: — Fuel costs — Tyre costs — Servicing costs • An invalid log book means that all costs will become taxable at the top tax rate • Around 550,000 employee benefit vehicles • In addition, the vast majority of all tool-of- trade vehicles will be affected

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