Feb 10 (Reuters) - Automotive Group Holdings Ltd AHG.AX :
* There is significant political disquiet over the decision and it is not certain that the legislation will pass"
* Federal government's proposal to relax regulations on parallel imports of new & nearnew vehicles is unlikely to have material impact on co
* As far as it is aware, there are no plans by the government to allow broad based parallel imports"
* Should proposed legislation become law, government's own modelling suggests it will have only a minor effect on Australian dealerships
* In its statement today, the federal government also provided words of caution to potential importers
* Luxury car tax will still apply to parallel imports and stamp duty will be payable on first registration in Australia"
* Government notes that most vehicle warranties only apply in the country where the vehicle was purchased
* industry estimates suggest it would be uneconomical to undertake private importation of the vast majority of vehicles in the volume brands category"
* industry estimates suggest it would be uneconomical to undertake private importation of vast majority of vehicles in volume brands category
* Source text for Eikon ID:
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