NatRoad says Federal Budget news is “mostly good” for truckies

Following the announcement of the 2024/25 Federal Budget, the National Road Transport Association (NatRoad) says while most news will deliver clear benefits for truckies and the industry, there is still more that can be done.

Support for low carbon fuels, road safety funding, and power bill and tax relief for small businesses were some of the benefits announced, with NatRoad CEO Warren Clark saying these will be positive for operators.

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“A 12-month extension to the $20,000 instant asset write-off will help small businesses claim an immediate tax benefit on new assets through to June 2025,” Clark says.

“This is something we’ve pushed hard for in a number of Budgets.

“Eligible road transport businesses will also appreciate the modest $325 rebate on their power bills.”

Clark also welcomed increased funding for the Roads to Recovery and Black Spot Programs.

“NatRoad hopes that the $10.8 million in 2024-25 for a one-year National Road Safety Education campaign has a heavy emphasis on truck awareness,” he says.

“The $21.2 million over six years to improve the reporting of national road safety data via the National Road Safety Data Hub is important and long overdue.

Despite these positive announcements, NatRoad was left disappointed as many issues it had been pushing for were left unanswered.

Among these was the establishment of a $3.5 billion Clean Transport Fund, which NatRoad had hoped would help the industry tackle decarbonisation and the transition to alternative approaches to heavy vehicles.

NatRoad’s pre-Budget submission had also called for a National Service Level Standards Framework, to drive more infrastructure spending, and act as a mechanism to cap future increases to road user and registration charges.

“Whilst we welcome additional road funding where the routes are relevant for freight, ultimately we still need to see all governments, including the states and territories, implement road service level standards so we know our tax dollars are going to the roads which need it, with an increased focus on road maintenance,” Clark says.

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