The Federal Budget delivered by Treasurer Jim Chalmers on Tuesday night drew broad support from Australian automotive bodies: they welcomed the main measures but stressed that the most challenging work is still ahead.
Themed 'Resilience and Reform' and dominated by the Government's $14.8 billion response to the Middle East oil shock, the 2026-27 Budget delivers three packages of direct interest to the sector: a substantial fuel-security commitment, a recalibration of the electric vehicle tax settings, and a permanent extension of the $20,000 instant asset write-off for small business.
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Mike Sinclair is an equity partner and Principal Columnist for TheAutoExec Network. Mike has been testing and writing about cars, motorcycles and more for over 30 years. He was a key executive team member when ACP Media and Carsales formed Australia's leading automotive, industrial, marine and motorcycle online network in the 2000s, and the driving force behind the launch of motoring.com.au. For two decades, Mike led the large multimedia and editorial team at Carsales, and all PR and corporate communications. With significant exposure to both OEM and dealership disciplines, Mike now consults with a number of key brands on a range of automotive and powersports opportunities.
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