08/10/2026
The FBT exemption on novated leases is changing on 31 March 2027.
From 1 April 2027 it applies only to EVs valued at $75,000 or less, with anything above that but under the fuel efficient luxury car tax threshold dropping to a 25 per cent FBT discount. From 1 April 2029, all eligible EVs move to the 25 per cent discount.
If you want to leave the pump behind on the current terms, you better be quick.