Hands Off Our Fuel: Builders back fuel tax credit system
Master Builders Australia has endorsed the Hands Off Our Fuel campaign, calling on policymakers to preserve the existing fuel tax credit system without changes.
Will the fuel tax credit system change and how does it affect my building business?
Affects builders and contractors who rely on fuel tax credits to offset operating costs for heavy machinery and vehicles used on job sites.
Key takeaways
- Master Builders Australia has officially backed the Hands Off Our Fuel campaign.
- The industry body is urging policymakers to keep the fuel tax credit system as-is.
- Fuel tax credits help builders and tradespeople reduce costs on fuel-heavy operations.
- No specific policy changes have been announced, but the campaign signals industry concern.
Related
Government provides breathing space for builders and tradies on ATO credit card ban
The Federal Government has agreed to delay the ATO's proposed ban on credit card payments for tax debts. The Housing Industry Association welcomed the move, which gives builders and tradies more time to prepare.
Why it matters: Builders and tradies who pay ATO bills by credit card keep that option for now. This gives them time to adjust cash flow and find other ways to pay tax obligations.
ATO payment change adds mounting pressure on home builders
The Housing Industry Association wants the ATO and Federal Government to reverse a decision to stop accepting credit card payments from 30 November. HIA says the change adds financial pressure on home builders.
Why it matters: Builders and other contractors who use credit cards to manage cash flow on tax bills may lose that option. This could tighten working capital for small building businesses.
ATO credit card ban deferral
The Federal Government has announced a delay to the ATO's credit card ban until June 2027. The article excerpt is truncated, so the reason for the delay and further details are not available.
Why it matters: Tradies across all trades who pay ATO debts or tax bills by credit card can likely keep doing so until June 2027, though the full details are not confirmed in the excerpt.