LPG Grants
In the 2009 budget, the Treasurer
made slight changes to the grants
for LPG conversion. Whilst the
Federal Government has announced
some changes, the LPG rebate scheme
will still provide support for LPG
conversions in the years ahead.
The government has also now provided
a written commitment to continue the
scheme for another five years until
30 June 2014.
Furthermore the Federal Government
also announced that small businesses
will now be able to claim a bonus
tax deduction of 50 per cent - up
from 30 per cent previously of the
cost of eligible assets acquired
between 13 December 2008 and 31
December 2009, and installed by 31
December 2010. This has the added
advantage of small businesses
potentially claiming 50% of the LPG
conversion cost on eligible company
vehicles up to December 2009.
Key Points
From 1 July 2009, the LPG Vehicle Scheme will provide grants for conversions of private use vehicles at the following rates...
1. $1,750 for conversions 1 July
2009 to 30 June 2010
2. $1,500 for conversions 1 July
2010 to 30 June 2011
3. $1,250 for conversions 1 July
2011 to 30 June 2012
4. $1,000 for conversions 1 July
2012 to 30 June 2014


