Novated Lease "TAX" Changes effective immediately.

[gtfpv]

the budget has changed the novated lease arrangements, on all new novated lease car contracts effective immediately after the may 10 federal budget .
this allows a flat 20% FBT regardless of distance travelled . however the golden rule for TAX EFFECTIVENESS worthwile of novated leases up to this date was ," it's not worth doing unless you travel atleast 25000km/pa" , which will give you AN FBT OF 11%/pa .
this is the reason most people who have ever utilised novated leasing do high kms in travel . most people i think dont bother leasing , if they do under 25000km because the current 20% tax rate applies which makes any benifits minimal.
DO YOU THINK THE GOVT HAS KILLED OFF FRINGE BENIFIT INCENTIVES which will destroy novated leasing ? or do you think people will still take up leases anyway , because there is still a small benifit , which will apply to a wider range of paeople ?
the only ones that are better off are the people who will take up a novated lease , who travel less than 15000km/pa . in this case the FBT, tax rate will reduce from 26% pa to 20%pa . but like i said . the only ones i think that were accessing novated leasing were people doing over 25000km @11% or 40000km @7% .
here is the link that explains the changes .
what do you think . ???? i think they have ruined it , and will lose many fleet sales, is it will become more expensive overall to lease a car , therefore it will hurt the industry , in car sales ,and the economy respectively .
what do you guys think about this ?????
http://www.nlc.com.au/2011-federal-budget/