If you currently have a novated lease for a plug-in hybrid electric vehicle (PHEV), it’s important to understand how changes in your employment situation could affect the Fringe Benefits Tax (FBT) exemption that applies to your vehicle.Under current regulations, the FBT exemption for PHEVs applies while the vehicle remains under the active novation agreement signed before 31 March 2025. This means that if your...

From 1 September 2025, the ACT Government is changing how stamp duty is charged on motor vehicle registrations. Most vehicles, including zero-emission vehicles (ZEVs), plug-in hybrids (PHEVs), and hybrids will no longer be exempt from paying stamp duty. All vehicles will now attract a minimum stamp duty rate of 2.5%. For vehicles worth over $80,000, an extra 8% duty will apply to the value above that threshold. This...

While cyclones are unpredictable, current modelling from BOM has been accurate to date which is showing Cyclone Alfred heading for South East Queensland (SEQ). It has been a long time since a cyclone crossed the coastline as far south as Brisbane and we thought it necessary to provide information about how to protect and minimise the damage to your vehicle in the event of a cyclone. Here are some steps you can take...

BYD, the global electric vehicle (EV) giant, is set to introduce its luxury sub-brand, Denza, to the Australian market in the second half of 2025. This move aims to position Denza as a formidable competitor to established luxury marques such as Lexus, Land Rover, and even Porsche. Leading Denza's Australian debut is anticipated to be the Z9 GT, a high-performance luxury vehicle that has garnered significant...

One of the most common questions I receive is how to take out a novated lease while minimizing the cost by avoiding the implications of Fringe Benefits Tax (FBT). A novated lease can be a highly beneficial way to finance a vehicle, as it offers tax advantages and the ability to bundle vehicle expenses into one manageable payment. However, many individuals are concerned about how FBT may increase the overall cost of...

Australia’s car market has smashed records again in 2024, with 1,220,607 new vehicles finding homes across the country. That’s a 0.3% increase over 2023, showing Australians’ ongoing appetite for new cars despite economic challenges like rising interest rates and living costs.Let’s break down what made headlines in the Australian automotive market for 2024.Toyota maintained its market leadership, selling 241,296...

As the Australian summer heats up, Alliance Leasing is proud to offer a cool financial opportunity for our serving and retired veteran community, as well as Defence Public Servants. While you're enjoying your well-deserved break, why not consider a smart financial move that keeps on giving? A novated lease through Alliance Leasing could be just the ticket to drive away in a new car while enjoying substantial...

As the Working Year Winds Down, It's Time to Plan for 2025: Why Now Is the Perfect Opportunity to Rethink Employee Benefits With just six weeks left in the working year, businesses are turning their focus from wrapping up 2024 to laying the groundwork for a successful 2025. As competition for top talent continues to be a key challenge, now is the perfect time to re-evaluate and refresh the benefits you offer your...

The Fringe Benefits Tax (FBT) exemption for novated leases on plug-in hybrid electric vehicles (PHEVs) is set to end in April 2025, marking a significant change for Australians who may be considering this cost-effective, environmentally conscious vehicle option. With the right timing, however, Australians can still take advantage of this tax benefit before it’s phased out. Here’s a closer look at the implications of...

In a significant shift for the Australian automotive market, the BYD Shark has launched as Australia’s first plug-in hybrid ute. Traditionally dominated by diesel-powered models, the ute segment has started to diversify with the addition of hybrid and electric options. BYD’s Shark stands out as an innovation not only in eco-friendly technology but also as a symbol of the changing attitudes toward sustainability and...

It's three Weeks until Spring!Get ready to shake off the winter blues because it's only three weeks until spring! The promise of blooming flowers, warmer days, and endless adventures is just around the corner. And what better way to welcome the season of renewal than with the freedom and flexibility of a car from Alliance Leasing? A Novated Lease from Alliance Leasing means you’re all set to make the most of...

Electric vehicles (EVs) have gained significant traction in recent years, with their growing popularity driven by advancements in technology, environmental concerns, and government incentives. As more individuals and businesses consider transitioning to EVs, it's crucial to explore the various financing options available. One such option is electric vehicle novated leasing, which offers unique advantages for both...