This morning the Govt. provided details of their plans to change the vehicle import regulations.
We have briefly summarised what this will actually mean here.
Under the proposed changes the NSX and other popular enthusiast models that were previously ineligible for import, as well as a wide range of new cars, will become available for road use.
You can view more detail about the Australian Vehicle Import Regulation Changes here and see the Govt. supplied PDF’s below.
From 2018 we will be able to personally import our own new car at the actual cost and not be forced to buy through an Australian dealer at an inflated price:
— < 12 months old / < 500 km
— from countries with similar safety standards, e.g. Japan, UK
SEVS / RAWS
Expanded SEVS criteria to increase available models:
- High Performance
- Superior environmental performance / hybrids
- Disability features
- Rare vehicles
- Left Hand Drive, where right hand drive is not available.
Australian and international safety standards will be more closely aligned to make compliance cheaper and easier
The limit of vehicles a workshop can comply will be removed
PLEASE NOTE — We have yet to see what what new models the changes in SEVS criteria will actually give us access to.
Many will want to know whether the R35 GTR, NSX, MR-S, Forester, WRX, UK EVO models, Lexus, BMW, Mercedes, Porsche and other popular rare / specialist models will become possible to import.
The answer will be YES in some cases, particularly for the NSX which started production in 1990. Clearly this, and any 25 year old (or older) vehicle will be importable as soon as these changes are implemented.
For the full story though we will need to wait to see how the criteria are applied to new model applications once the regulations come into force.
For now the Govt. has simply stated that the “eligibility thresholds under these criteria will be developed in light of further consultation”, which means they have not yet decided how the criteria will be applied. Too much speculation at this point would be a waste of time and possibly counter-productive, but we are hopeful we will soon be able to source models that enthusiasts have previously been unable to access.
Old 15 Year Rule will be replaced with a Rolling 25 Year Rule
For example, if enacted in 2017, we would be able to import 1992 and older vehicles with fewer restrictions, moving forward each year.
5% import duty to be removed
$12,000 import penalty to be removed
New car rules to be implemented from 2018
Other changes may come in earlier depending on passage of legislation through parliament
Info Sheet 1: Full Volume New Vehicles
Info Sheet 2: Specialist and Enthusiast Vehicles
Info Sheet 3: Registered Automotive Workshop Scheme (RAWS)
Info Sheet 4: Concessional Schemes
Info Sheet 5: Personal New Imports
Info Sheet 6: Economic Benefits
Questions and Answers
We will provide further updates on these important changes as they progress.