Tesla Model 3 Government Rebates and Incentives

Electric Cars are soon to be exempt from Fringe Benefits Tax (FBT). FBT is a tax that employers pay on benefits paid to an employee in addition to their salary or wages. Key criteria includes:

• 📅 Vehicles are to be first held or used after 1 July 2022. If you ordered before this date and receive delivery after, you will be eligible.
• 2️⃣ A second-hand electric car may qualify for the exemption, provided it was first purchased new on or after 1 July 2022.
• ◀ Car value (includes delivery fees, accessories and options) must be below the Luxury Car Tax (LCT) threshold for fuel-efficient vehicles: <$84,916 for 2022/23.
• 📦 Applies to cars under salary packaging arrangements (including those procured under a novated lease).

Tesla Model 3 Eligibility for the FBT Exemption

The Tesla Model 3 Rear-Wheel Drive and Long Range variants will be eligible for the FBT exemption. The Tesla Model 3 Performance will not be eligible.

In NSW the following government rebates and incentives are available

Free Stamp Duty

• A stamp duty exemption for eligible EVs up to $78,000 (inc GST). This equates to a maximum exemption of $3000. It applies to both new and used vehicles
• Plug-in-hybrids (PHEVs) are not eligible.

NSW EV Rebate

• A rebate of $3000 for eligible EVs up to $68,750 (inc GST) is also available. If the vehicle exceeds this limit it will not be eligible for any rebate. This is available for the first 25,000 eligible vehicles.
• Used EVs and plug-in-hybrids are not eligible.
• Vehicles procured under a novated lease are not eligible for the NSW EV rebate.

Eligibility for NSW Rebates and Incentives

• The Tesla Model 3 Rear-Wheel Drive is eligible for free stamp duty and the $3000 rebate in NSW, reducing the sticker price by $5,461. The price after incentives starts from c. $65,332 drive-away.
• The Tesla Model 3 Long Range is not eligible for free stamp duty or the $3000 rebate in NSW. The driveaway price starts from c. $86,018 driveaway
• The Tesla Model 3 Performance is not eligible for free stamp duty or the $3000 rebate in NSW. The driveaway price starts from c. $100,721 driveaway

$3000 Subsidy

• A subsidy of $3000 for eligible EVs up to $68,740 (inc GST) is available. If the vehicle exceeds this limit, it will not be eligible for any rebates.
• It is available for the first 20,000 vehicles. Check how many subsidies are available here
• Used EVs and plug-in-hybrids are not eligible.
• Subsidies are limited to one per individual person and two per business.

Eligibility for Victoria Rebates and Incentives

• The Tesla Model 3 Rear-Wheel Drive is eligible for the $3000 rebate in Victoria, reducing the sticker price by $3,000. The price after incentives is c. $67,678
• The Tesla Model 3 Long Range is not eligible for the $3000 rebate in Victoria. The price after incentives starts from c. $85,787.
• The Tesla Model 3 Performance is not eligible for the $3000 rebate in Victoria. The price after incentives starts from c. $100,397.

$3000 Rebate

• A rebate of $3000 for eligible EVs up to $58,000 (inc GST) is available.
• Vehicles must be purchased through a licensed motor vehicle dealer.
• Rebates are limited to one per individual and five per business.
• Additional information on the QLD Government's scheme can be viewed here.

Eligibility for Queensland Rebates and Incentives

• The Tesla Model 3 Rear-Wheel Drive, Long Range and Performance variants are currently not eligible for the QLD $3000 rebate.

$3500 Rebate

• A flat $3500 subsidy for eligible EVs up to $70,000 (inc GST) is available. If the vehicle exceeds this limit it will not be eligible for any rebate.
• Used EVs and plug-in-hybrids are not eligible.

Eligibility for Western Australia Rebates and Incentives

• The Tesla Model 3 Rear-Wheel Drive is eligible for the $3500 rebate in WA. The price after incentives starts from c. $69,037.
• The Tesla Model 3 Long Range and Performance variants are not eligible for the $3500 rebate in WA.

$3000 Rebate

• A flat $3000 subsidy for eligible EVs up to $68,750 (inc GST) is available. If the vehicle exceeds this limit it will not be eligible for any rebate.
• Subsidies are limited to one per individual person residing in South Australia and two per business located in South Australia.
• This is available for the first 7000 vehicles. Check how many subsidies remain available here
• Used EVs and plug-in-hybrids are not eligible.

Eligibility for South Australia Rebates and Incentives

• The Tesla Model 3 Rear-Wheel Drive is eligible for the $3000 subsidy in SA. The price after incentives is now starts from $67,524.
• The Tesla Model 3 Long Range and Performance variants are not eligible for the $3000 subsidy in SA.

Free Stamp Duty

• An uncapped stamp duty exemption for eligible EVs. Based on the most expensive vehicle in our database, the Porsche Taycan Turbo S ($337,900), this provides an exemption worth $15,995.
• The exemption applies to both personal and business use
• New and demonstrator EVs are eligible. Used EVs and plug-in-hybrids are not.

Free Vehicle Registration

Free registration applies for eligible EVs for two years. The same eligibility criteria as above applies.

Eligibility for Australian Capital Territory Rebates and Incentives

• The Tesla Model 3 Rear-Wheel Drive is eligible for free stamp duty and free registration in the ACT, reducing the sticker price by $2,653. The price after incentives is now $67,663
• The Tesla Model 3 Long Range is eligible for free stamp duty and free registration in the ACT, reducing the sticker price by $3,378. The price after incentives is now $82,163
• The Tesla Model 3 Performance is eligible for free stamp duty and free registration in the ACT, reducing the sticker price by $3,958. The price after incentives is now $96,286

Reduced Stamp Duty

• A stamp duty exemption of up to $1500 for eligible EVs up to the value of $50,000.
• Applies to personal and business use and new and demonstrator vehicles.

Free Vehicle Registration

Free registration applies for eligible EVs for five years. The same eligibility criteria as the stamp duty exemption applies.

Eligibility for North Territory Rebates and Incentives

• The Tesla Model 3 Rear-Wheel Drive, Long Range and Performance variants are all eligible for reduced stamp duty and free registration in the NT, reducing the sticker price by $1,696. Estimated driveaway prices are listed in the below table.