XN000022-1982-05-05 — Page 3

WEDNESDAY, MAY 5, 1982

FIRST REGISTRATION TAX

UNDER THE PROPOSALS BEFORE COUNCIL, THE TAX ON FIRST REGISTRATION OF PRIVATE CARS AND MOTOR CYCLES LAST REVISED IN 1979 - IS TO BE DOUBLED ON EACH VALUE BAND AS FOLLOWS

EXISTING

PROPOSED

PRIVATE CARS

* UNDER $20 000 IN VALUE

35%

70%

* $20 000

-

$30 000

40%

80%

45%

90%

35%

70%

* OVER $30 000

MOTOR CYCLES/MOTOR TRICYCLES

IT IS ESTIMATED THAT THESE INCREASES WOULD ADD BETWEEN 16 AND 19 PER CENT TO THE MARKET PRICES, ASSUMING THE FULL INCREASE IS PASSED ON BY DEALERS.

ANNUAL LICENCE FEES

ANNUAL LICENCE FEES, LAST REVISED IN 1979, ARE SET TO GO UP BY BROADLY THREE TIMES, AS FOLLOWS:

FOR PRIVATE CARS OF WHICH THE

CYLINDER CAPACITY OF THE ENGINE 1

EXISTING

PROPOSED

* DOES NOT EXCEED 1 000 CC

400

$1 800

*

* DOES NOT EXCEED 1 500 CC

DOES NOT EXCEED 2 500 CC

$

600

$1 800

900

$2 700

*

DOES NOT EXCEED 3 500 CC

$1 200

$3.600

* DOES NOT EXCEED 4 500 CC

$1 500

$4.500

*

EXCEEDS 4 500 CC

$1 800

$5 400

MOTORCYCLE (INCL. SCOOTERS ETC)

$ 200

$ 600

THE FOUR-MONTH FEES WOULD REMAIN PRO RATA.

MR SCOTT SAID INCREASES OF THIS MAGNITUDE ARE CONSIDERED THE MINIMUM NECESSARY TO HAVE A SIGNIFICANT EFFECT ON THE RATE OF GROWTH IN NEW REGISTRATIONS, AND ON EXISTING CAR OWNERS* INDIVIDUAL DECISIONS ON CONTINUING OWNERSHIP,

/+LICENCE FECS