New charges for SES motor vehicles, effective from 1 October 1997, are as follows:

STANDING COSTS (per annum) $

Comprehensive Insurance (Tariff Premium)

Compulsory Third party Insurance

Sydney 337.00
Wollongong 320.00
Newcastle & Country 270.00

Third Party Insurance Levy 43.00
Registration Fee 41.00

Vehicle Tax (Based on Weight)

0000 - 0975 kg 209.00
0976 - 1154 kg 234.00
1155 - 1504 kg 274.00
1505 - 2504 kg 413.00

NRMA Membership
Joining Fee 44.00
Subscription Renewal 44.00

RUNNING COSTS (fuel, tyres, servicing and repairs) Cents
per kilometre

Passenger Sedans

4 cylinders
under 2 litres 10.8
2 litres and over 12.6
6 cylinders 14.7
8 cylinders (all V8s not included in V8 executive category) 16.2
8 cylinder executive (eg Holden Statesman, Ford LTD) 16.5

4WD

Small up to and including 3 litres
Petrol 17.4
Diesel 15.5
Large over 3 litres
Petrol 20.1
Diesel 18.2

All remuneration packages should continue to be costed to include the parking space levy, where applicable, fringe benefits tax and the standard operating leases offered by State Fleet Services for the particular type of vehicle concerned.

The Australian Taxation Office has advised that there has been no change in the FBT. The 1997 FBT rate is 48.5%. For your information the following calculation will assist agencies in calculating the FBT component:

B(benefit)/0.515 x 0.485.

Agencies are reminded that if the FBT rate changes this formula would alter accordingly.

It would be appreciated if you would ensure that the above information is made available to all appropriate staff within your administration and adjustments to SES remuneration packages made accordingly.

Col Gellatly
Director-General