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Current Squizz hasn't slept for 3 days and is grumpier than normal, thus doing his very, very best to preserve the sensitivities of the current tampon-inserting Whoretown crowd by not kicking sand into their vaginas.

lol

At Bundamba Poo Farm.....

Fun times!

So when you getting back into a skyline timmy?

Hardly, but if you've spent the time and money building your car why run inconsistent fuel and risk your motor when there's a proven and stable solution available?

this is understandable for a built engine that sees a hard time.

but when it comes to daily duties, 95 or higher from the local servo.

Current Squizz hasn't slept for 3 days and is grumpier than normal, thus doing his very, very best to preserve the sensitivities of the current tampon-inserting Whoretown crowd by not kicking sand into their vaginas.

And we appreciate your sensitivity, and we shall as a group do our best not to kick sand into any of your many female openings... If I didn't know better I'd say u were a vegetarian

#ifyouknowwhatimean #southpark

And we appreciate your sensitivity, and we shall as a group do our best not to kick sand into any of your many female openings... If I didn't know better I'd say u were a vegetarian

#ifyouknowwhatimean #southpark

This amounts to "I am rubber, you are glue". I thought you had potential.

1exploitableiamdisappoi.jpg

Good morning all!

Mr Antz,

I have a question for you regarding the new novated leasing rules. I am considering entering a novated lease, the car is for 100% private use, not one of those deals where I use it for work and home. Do the new rules effect this type of lease? Cheers, Andrew

  • The proposed changes in relation to car FBT take effect to all new contracts entered into after the 16.07.13 - so you would fit that description
  • The changes basically mean that the more concessional FBT method (the statutory method) has been binned and more FBT revenue will be captured
  • However, the start date of the new rules is quiet conflicting as the statutory formula can still be used for the remainder of the 2014 FBT year (1 Apr 13 – 31 Mar 14). Subsequent to that date only the operating cost can be used.

  • This means the employer must use the operating cost method when calculating the FBT payable on the car they provide to you and involves keeping track of all costs of operating the car for the FBT year
  • There is much uncertainty regarding this pronouncement considering the amount of lobbying from large car manufacturers and the private sector
  • There is even more uncertainty as the coalition have indicated they will oppose this measure and remove it if elected into Government
  • In your case Andrew, I strongly recommend you enquire from your employer what policy they are going to adopt regarding the proposed changes. If they are unclear, advise them that you can still use the statutory method until the next FBT year.
  • Please remember that, in order to make this arrangement effective that precise details of the arrangement between you and your employer needs to be governed by a written salary packaging policy and should include the following:
  • The total cost of employment (TCE) which includes cash salary, superannuation contributions, the cost of the benefits provided and FBT payable by the employer) should not exceed a certain remuneration amount
  • GST credits are added back to the employers package (because they can claim it back if they are GST registered and I highly doubt they are not GST registered)
  • GST is payable on any contributions you make to the package i.e. if you pay for fuel.

  • I do hope all of the above makes sense to you, if not just let me know.
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