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An annual registration charge increase of 2.3% will apply from 1 July 2008 to trucks and buses registered in the Australian Capital Territory (ACT) and Federal Interstate Registration Scheme (FIRS).

The legislated registration charge adjustment process for FIRS and ACT registered heavy vehicles was triggered by the rejection of Commonwealth legislation to recover road-use costs in the Senate.

No annual adjustment will be applied by States and Territories implementing the Model Heavy Vehicle Charges Act 2007.

The annual adjustment formula is based on changes in road expenditure and vehicle use.

A significant increase in road expenditure over the previous three years resulted in a 9.4% adjustment which was capped at 2.3% by the application of a Consumer Price Index (CPI) ‘ceiling’.

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Scania’s Board of Directors has extended the President and CEO Leif Östling’s employment contract by three years, until 31 March 2012. The terms and conditions of the new contract will remain essentially the same as in the current contract

The Board of Directors said in a statement they believe that the extension of President and CEO Leif Östling’s employment contract will secure stability and continuity for Scania, to the benefit of all shareholders.

Ostling lead the fight to stop the takeover of Scania by Volkswagen and it was widely believed he would move on as Scania, MAN and VW integrated manufacturing to gain the claimed 1 billion Euros savings from synergies within the three commercial vehicle operations.

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This drag between two hooning Dutchmen pits Scania against Volvo