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Speaker 1: Now tell you what farmers are not happy with, revenue

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Speaker 1: Minister Simon, what's are they? He is the guy responsible

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Speaker 1: for a plan change to the way that fringe benefit

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Speaker 1: tax applies to utes. If he goes through with this,

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Speaker 1: it would cost farmers thousands of dollars every single year.

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Speaker 1: Mark Hooper is Federated Farmer's Transport spokesperson with US. Now, Hey, Mark,

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Speaker 1: good evening, Heather. Have you heard what the government's just

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Speaker 1: sent through to us.

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Speaker 2: I'm pretty much aware of what's been going on. Basically,

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Speaker 2: it was a bit of a story that blew up

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Speaker 2: post field days when there was a lot of hype

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Speaker 2: around buying new utes with commodity price has been up,

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Speaker 2: and the government government's newly announced investment boost which allowed

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Speaker 2: an immediate twenty percent depreciation deductibility on new assets. And

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Speaker 2: then in the midst of that fintech findex. Sorry tax

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Speaker 2: advisors they sort of said, hang on a minute, whatever

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Speaker 2: you just saved on depreciation and you could just have

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Speaker 2: ended up losing through the proposed changes to the FBT rules.

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Speaker 2: So it was a bit of a classic case of

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Speaker 2: giving on one hand while taking on the other. And

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Speaker 2: not only that, but of course it's a FBT is

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Speaker 2: the cost every year. So obviously the optics around this

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Speaker 2: we're not looking too good at the time.

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Speaker 1: Yeah, and so have you heard what the government's just

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Speaker 1: sent through to us?

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Speaker 2: What have they sent through all of this.

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Speaker 1: Debarcle mark over the last few days has gone on

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Speaker 1: about a week now. They have sent us a statement

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Speaker 1: that says, in terms of introducing a new eighty thousand

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Speaker 1: dollars fringe benefit tax threshold on utes, we can rule

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Speaker 1: that out. Ird consider a lot of things regularly, but

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Speaker 1: this is something that is not going to get progressed.

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Speaker 1: How good.

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Speaker 2: That's a great result, and that was certainly one of

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Speaker 2: the issues that we had with it. You know, we

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Speaker 2: looked at it from the perspective of what we know

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Speaker 2: actually happens on farms. And you know, if you're buying

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Speaker 2: new utes, if you want to look at say a

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Speaker 2: seventy series Land Cruiser, your starting prices around eighty grand,

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Speaker 2: and regardless of whether it was one hundred percent work

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Speaker 2: related use or not, by going over that threshold, it

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Speaker 2: immediately put you into one hundred percent payment for FBT criteria.

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Speaker 2: And so that was a considerably ongoing significant expense on

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Speaker 2: that purchase.

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Speaker 1: How long have you guys been going on about this?

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Speaker 2: Well, as I say, it only just blew up really

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Speaker 2: post field days, and I think that was.

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Speaker 1: I see part of the on some of these stories.

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Speaker 1: So that's that's Friday. Is it Friday last week?

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Speaker 2: So that yeah, that's right.

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Speaker 1: Yeah, sould been going on about it since Friday last

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Speaker 1: We've got no traction at all, and then all of

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Speaker 1: a sudden today they do a U turn.

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Speaker 2: Well, we've had a little bit of communication with the

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Speaker 2: Minister's office obviously. You know, as I said, we looked

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Speaker 2: at it from a farm perspective. We could see that

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Speaker 2: there were some issues with the categories that they had

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Speaker 2: laid out. Was really easy for the way that we

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Speaker 2: use farm use for those to be escalated into the

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Speaker 2: higher categories, hence a significantly greater FBT liability. And so

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Speaker 2: you know, once that came out, it was just a

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Speaker 2: case of really getting hold of the Minister's office and

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Speaker 2: talking through some of these issues. As great to hear

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Speaker 2: an immediate response.

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Speaker 1: Okay, yes, it's brilliant, Mark, Thank you very much. I'm

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Speaker 1: stoked for you. Mark Hooper, Federated Farmers Transport spokesperson. For

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Speaker 1: more from Heather Duplessy, Allen Drive. Listen live to news

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Speaker 1: talks it'd be from four pm weekdays, or follow the

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