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<script type="application/ld+json">{"@context":"https://schema.org","@type": "WebPage","@id":"#main","mainEntityOfPage":{"@type":"WebPage", "@id":"http://castletons.com.au"}, "headline":"","description":"FBT electric vehicle home charging rate    Since the introduction of EV incentives by various state governments to encourage the uptake of EVs and (...)","about":[{"@type": "Organization","name": "Pty Ltd"},{"@type": "Organization","name": "Government"},{"@type": "Organization","name": "Federal Chamber of Automotive Industries"},{"@type": "Organization","name": "Labor"}],"author":{"@type":"Organization","url":"/","name":"/"},"publisher":{"@type":"Organization", "name":"/", "url":"/", "logo": {"@type": "ImageObject", "url": "http://www.example.com", "width": 4, "height": 97}},"datePublished":"2024-04-23T08:09:27","dateModified":"2024-04-23T08:09:27"}</script>

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MICRODATA

WordEntityTypeCategoryWikidataFreq.Validate
Pty Ltd - Organization - - 20 %
<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Pty Ltd</span>
</span>
Government - Organization - - 40 %
<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Government</span>
</span>
Federal Chamber of Automotive Industries - Organization - - 20 %
<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Federal Chamber of Automotive Industries</span>
</span>
Labor - Organization - - 20 %
<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Labor</span>
</span>

TEXT

Castletons Accounting Services Pty Ltd<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Pty Ltd</span>
</span>

Financial services compensation scheme to commence

In a significant move towards protecting consumers, the Government<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Government</span>
</span>
announced the imminent commencement of the Compensation Scheme of the Last Resort (CSLR). The CSLR is a comprehensive scheme designed to compensate victims of misconduct by financial services firms licensed to provide relevant products or services, legislation for which passed in 2023. The scheme marks a pivotal moment in the Government<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Government</span>
</span>
's commitment to restoring trust and integrity within the financial services sector after the findings of the Hayne Royal Commission.

FBT electric vehicle home charging rate

Since the introduction of EV incentives by various state governments to encourage the uptake of EVs and other zero emissions vehicles, the market share of EVs has significantly increased from around 0.78% in 2022 to 7.2% in 2023. According to the Federal Chamber of Automotive Industries<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Federal Chamber of Automotive Industries</span>
</span>
, while EV sales only account for a small proportion of overall vehicle sales, the sales have increased 185% since 2022 (80,446 sales 2023 vs 33,410 in 2022).

Stage 3 tax cuts vs proposed changes

The talk about the stage 3 tax cuts has reached a fever pitch in recent days. The changes were originally legislated by the previous government in 2019 with support of the then Labor<span itemscope itemtype="http://schema.org/Organization">
        <span itemprop="name">Labor</span>
</span>
opposition. During the election campaign and since coming into government, the Prime Minister had reassured voters on multiple occasions the stage 3 tax cuts would remain. However, with the recent inflationary stressors, the government has been under increasing pressure to scrap the already legislated tax cuts in favor of cost-of-living relief for low to middle income earners, which would require the introduction of amending legislation.

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