Changes to the treatment of the Fringe Benefits Tax concessions for motor vehicles and Novated Lease

The Federal Government yesterday announced some significant changes to the treatment of the Fringe Benefits Tax concessions in relation to motor vehicles and  a Novated Lease.

As both the CEO of LeasePLUS and the President of the Australian Salary Packaging Association (ASPIA) we remain opposed to this decision. We also note that the Federal Government has used some information that is both misleading and incorrect about who are the users of a Novated car lease.

Leigh Penberthy
Chief Executive Officer