One of the largest manufacturing sectors in Victoria is the car industry, and the Bracks government has delivered to make Victorian-manufactured cars even more attractive to the consumer. The matter I raise today is directed to the Minister for Industry and State Development.
The cutting of stamp duty will result in savings of up to $1450 on a Holden Commodore, which will be of great benefit as it will ensure that cars stay within the reach of working families’ budgets. Not only is this a boon for the local auto industry and consumers but there are significant environmental benefits as the barriers to moving to a cleaner, greener car are lowered.
Some in this chamber may decry this initiative.
The fact is that today’s cars are a quantum leap ahead of the cars of 20 years ago on everything from safety to fuel efficiency. As more Victorians are expected to take advantage of the stamp duty reductions, I call on the Minister for Industry and State Development to investigate the number of sales of locally manufactured cars since the announcement and advise how much money working families will have saved since the introduction of the reduction in stamp duty.