Electronic Bikes (e-bikes)

FAA e-bike Leasing typically out performs all other leasing models for tax savings and flexibility.

FMAL leasing is ideal if you are looking to purchase a new or used e-bike or are happy with your current e-bike and would like to take advantage of the tax savings involved with Salary Packaging an e-bike Lease.

Benefits: 

• It’s ‘Turnkey’ and simple
• You can choose any e-bike
• You can Salary Package more than one e-bike (new or used)
• All expenses are paid with Pre-Tax (min 34.5% discount) money
• Budgeted expenses are all-inclusive within the fixed repayment
• Even with low km’s, you will achieve considerable tax savings

1. Complete a quote with FAA, including the e-bike purchase costs and running expenses
2. Pick an Associate (Spouse, Partner, family member etc.)
3. Associate obtains an ABN with the help of FAA
4. Choose an e-bike (existing, used or new) from any distributor/bike shop/your own, that suits your budget
5. Associate purchases the e-bike or can package an already owned e-bike
6. Complete all required documentation provided by FAA:

• FMAL e-bike Lease Agreement
• Declaration that you will comply with the ATO terms
• Acknowledgement that your Employer will make deductions from your pay into your FAA Salary Packaging Trust Account
• Employee Participation Agreement
• Any policy documents specified by your Employer (e.g. amendment form)

7. Deductions will commence and will be taken from your before-tax salary
8. The FAA Salary Packaging Trust Account will then forward payments on to your Associate
9. Collect your new e-bike, if not packaging your existing e-bike
10. Start enjoying the benefits of riding your e-bike to work while saving with Salary Packaging

Ongoing activities

Your Associate will pay for e-bike running expenses from the ‘lease’ payment they receive from the Employee’s Salary Packaging Trust Account each pay period, which is managed by FAA and can be viewed on their FAA portal login.

On the portal you can:

• View all transactions or reporting
• Download account statement

• The Associate might be your Spouse, Partner, family member that you trust
• Your Associate must be able to hold an ABN
• This person enters into an agreement with your Employer where they agree to lease your e-bike

• The Associate, but terms of ownership at the end of lease can be agreed upon with the Associate
• For the term of the FMAL Lease you essentially lease/hire the e-bike from your Associate

Use your e-bike to commute to work and minor, infrequent and irregular personal use.

• e-bike
• Service and Maintenance
• Replacements (eg: Tyres, lights etc from original package)
• Damages or Repairs
• Comprehensive Insurance and excess payments
• Other types of Insurance (eg: Tyre & Rim, Gap and more)
• Roadside Assistance
• Washing and Detailing
• Extended Warranty

• After market add-on’s
• Car bike racks
• Upgrades
• Bike riding clothing
• Additional batteries (Range extenders not in original pack)

1. Re-Lease the e-bike

• A new Lease is signed by all parties
• As the new refinanced amount is lower, your new Lease deductions will be much lower

2. Stop Leasing this e-bike and Lease another new e-bike

• Lease ceases – FAA look after this process
• Associate trades or sells the e-bike privately
• Any surplus funds from the sale are the Associates

3. Stop Leasing this e-bike and sell the e-bike

• Lease ceases – FAA look after this process
• Associate sells the e-bike privately
• Any surplus funds from the sale are the Associates

4. Stop Leasing and keep the e-bike

• Lease ceases – FAA look after this process
• Registration is in your Associates name, so nothing else changes
• The Associate keeps the e-bike and will be responsible for managing the running costs going forward*

*Private arrangements can be made with your Associate regarding obtaining the e-bike.