Now that I have time, just so we are all clear and without John trying to be smarter than a chartered accountant:
If you are an
EMPLOYEE the criteria is per what Jme posted here:
http://www.ato.gov.au/individuals/co....htm&page=6&H6 That is if you receive a travel allowance or you claim costs in your personal tax return for motor vehicle use the vehicle must be 1 ton capacity among other things.
If you are an
EMPLOYER you have a different criteria which relates to Fringe Benefits Tax and is defined here
http://law.ato.gov.au/atolaw/view.ht.../NAT/ATO/00001 These vehicles do not have to be 1 ton capacity per the attached.
There is a list of vehicles exempt from FBT which is issued each year based on the amount of enquiries received. If a vehicle isnt on the list it just means there have not been many enquiries. You can rely on a vehicle being on the list in a prior year still being classed as a commercial vehicle.
This list is for employer provided vehicles and relates to FBT!
The car depreciation limit has yet another criteria (are you still with me).
To be exempt from The car depreciation limit the vehicle has to be 2 Tons or more, more than nine seats or a hearse blah blah blah and there are different rules re GST and the limits and LCT including a new higher rate of $75K for fuel efficient cars.
Now to keep my PI insurance down read below:
None of the above constitutes advice and you should not rely on it - speak to your Accountant about your particular circumstances.