Partial privatisation studies included in DB restructuring
The Next Federal Election and Passenger and Freight Rail
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Chinese high speed rail should confine the XPT to history
Hendy heads to NR
Urban rail news in brief - July 2015
Inland rail a trifecta for Toowoomba region: mayor
IT HAS become a popular tradition in some of Australia's most plush corporate suites. As the end of the financial year approaches, the keys to luxury company cars are tossed around the office, and staff are urged to use the car for a trip to the bush or the beach.
The aim is to get the mileage up and take maximum advantage of the tax concessions on company vehicles. But the City of Sydney Council wants to reverse the tax bias in favour of public transport and cycling.
In a submission to the Herald-backed Independent Public Inquiry into transport needs in Sydney, the council says train, tram, bus and bicycle riders should get tax concessions on travel costs. It suggests the policy could be introduced through concessional salary sacrifice or personal tax deductions of cycling equipment and public transport tickets.
"Australia's current tax system actively encourages people to drive but does not reward those who make sustainable transport choices by cycling or catching public transport," the Lord Mayor, Clover Moore, said.
The Bureau of Infrastructure, Transport and Regional Economics says traffic congestion costs Sydney about $4 billion a year. It also estimates the health and environmental costs of transport to be $1.4 billion a year.
Cr Moore estimated that a city worker earning about $80,000 a year could claim back $315 on the $1000 spent on a bike, helmet and lock. A commuter travelling to Sydney from Parramatta, earning $80,000, would get $630 back on a $2000 annual yellow travel pass.
Sydney Morning Herald
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