Quote:
Originally Posted by MITCHAY
What gets me was the LCT was supposed to protect the local industry but yet it applied to local built cars WTF?
And then we still have LCT  |
The LCT was never meant to protect the local industry. It was meant to be a revenue stream by making buyers of 'expensive' cars pay extra.
The cut-off was just above the price of our most expensive Holdens & Fords, that was the Caprice & the LTD, so it was never applied to the local product.
We still have the LCT because it's a good earner for the Govt. as there are plenty of 'rich' people spending money on 'expensive' cars.
Dr Terry