Save thousands every year with a Novated Lease

• Turnkey and simple
• You choose the car
• Majority of expenses are paid with Pre-Tax monies (min 44.5% discount)
• No upfront cost
• All GST on expenses is refunded
• You have unrestricted use and who can drive it
• Even with low km’s, you will achieve considerable tax savings
• Budgeted expenses:
• are all-inclusive with Fixed Repayment
• large expenses such as Rego or tyres – the money is there when it is due

1. Complete the quote online which sets out/up all variables such as the car cost and running expenses for your Associate Lease
2. Proceed to implement/checkout when happy with Tax Benefit quote
3. Establish your FAA Salary Packaging account
4. Download the FAA App
5. Now choose your car, or you can decide to Lease your existing car
6. All required documentation will be eSign and automatically generated for:
• The Associate purchases the car – or you can package your Existing car(Note if a Financer requires an ink signature, print, sign and scan of this will be the only non-digital step)
• The Associate Lease electronic document
• Employer requirement to make deductions from your pay into your FAA Salary Packaging Trust Acc
• Employee Participation Agreement
• Any policy documents specified by your employer
• Fuel cards ordered
7. Pay deductions will commence
8. Organise collecting your new car (If not packaging your existing car)
9. As expenses arise:
• Pay or claim reimbursement for these expenses from your FAA Salary Packaging Trust Acc
10. Log onto your FAA portal/App to view all transactions or reporting you would like to see
11. Increase or reduce your payroll deductions to in alignment with your actual cost via your App
12. All necessary reporting will be provided to your Employer

• Anyone who can hold an ABN that you trust
• The Associate might be your husband or wife, partner, child, parent or someone closely connected with you
• This person enters into an agreement with your Employer where they agree to lease your car

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

• Lease Repayments
• Fuel, Oil and Radiator Coolant
• Service and Maintenance
• Replacements (eg: Tyres, Windows etc)
• Damages or Repairs (Conditions Apply)
• Registration (including transfer costs if any apply)
• Comprehensive Insurance and excess payments
• Other types of Insurance (eg: Tyre & Rim, Gap and more)
• Roadside Assistance
• Paint Protection
• Rust Proofing (not removable)
• Window Tinting
• Car Washing and Detailing
• Car Air Fresheners and Deodorisers
• Protection for Fabric Interior (not removable)
• Extended Warranty for Novated Lease Car
• Excess on Insurance

• Parking fees
• Tolls
• Fines
• Licences
• After market goodies (not on the car at time of purchase) that are not replacing similar
• Bull Bars
• Tow Bars
• Sound Systems
• Mag Wheels (Unless replacement)
• Tinting
• Roof/Bike racks

• Your quoted running expenses are an estimate only
• Your FAA App helps you track your costs and increase/decrease the amount of your Pre-Tax dollars you are diverting to meet your actual costs
• Using the fuel card and in-App receipt capture automates the claiming process

Fuel Cards

• Being able to use a Fuel Card is another great benefit of a Novated Lease.
• To fill up with a Fuel Card, simply present your card at participating service stations to quickly and easily purchase fuel.
• These cards are widely accepted and are an easy and quick way to purchase fuel.
• Depending on your Employer, you may also be able to pay for your maintenance and services at participating organisations, and even tyres.
• FAA provides a Fuel Card(s) which is used as a debit card at all fuel stations, where a Fuel Card is accepted.

1. Lease ends and lease another new car
• Lease ceases – FAA look after this process
• Trade or sell your car privately however you chose to
• From proceeds of sale, payout residual/balloon
• Any surplus funds from the sale are yours to direct into your personal bank account
• All funds in your account remain there for the new lease
2. Stop leasing this car and sell the car
• Lease ceases – FAA look after this process
• Sell your car privately however you chose to
• From proceeds of sale, payout residual/balloon
• Any surplus funds from the sale are yours to direct into your personal bank account
• The funds in your Salary Packaging account will be reversed back through your employers payroll or can be used for any other benefit you are packaging such as into your Superannuation provided you are not going to exceed your Cap
3. Release the car – seamless transition
• Refinance the residual/balloon
• A new lease is put in place
• As the new refinance amount is lower, your new lease deductions will be much lower
• All funds in your account remain there for the lease to continue
4. Stop leasing and keep the car
• Cease leasing
• Payout the residual/balloon of the loan with personal funds
• The funds in your Salary Packaging account will be reversed back through your employers payroll or can be used for any other benefit you are packaging such as into your Superannuation provided you are not going to exceed your Cap.
• Registration is in your name so nothing else changes

• There is now no variance of the % Residual based on kms travelled – these rates are now fixed in accordance with the term of lease selected.
• 1 Yr Lease 65.63% Residual
• 2 Yr Lease 56.25% Residual
• 3 Yr Lease 46.88% Residual
• 4 Yr Lease 37.50% Residual
• 5 Yr Lease 28.13% Residual

FMAL Leasing typically out performs all other leasing models for monies saved and flexibility.

FMAL leasing is ideal if you are looking to purchase a new or used car, or are happy with your current car, and would like to take advantage of the tax savings involved with salary packaging a Car Lease.

• Unlike other leasing models Post-Tax component can be reduced or eliminated
• Turnkey and simple
• You can choose any car
• Majority of expenses are paid with Pre-Tax monies (Typically 44.5% discount)
• No upfront cost
• All GST on expenses is refunded
• You have unrestricted use and who can drive it
• Even with low km’s, you will achieve considerable tax savings
• Budgeted expenses:
• are all-inclusive with Fixed Repayment
• large expenses such as Rego or tyres – the money is there when it is due

1. Complete the quote online which sets out/up all variables such as the car cost and running expenses for your FMAL Lease
2. Proceed to implement/checkout when happy with Tax Benefit quote
3. Setup FAA as your Sal Pac Admin for Employer
4. Establish your FAA Salary Packaging account
5. Download the FAA App
6. Find an Associate (Spouse, Partner, Family member etc.)
7. Associate obtains an ABN with help of the FAA portal or App
8. Now choose your car, or you can decide to Lease your existing car
9. The Associate purchases the car – or you can package your Existing car
10. All required documentation will be eSign and automatically generated for:
• The FMAL Lease electronic document
• Employer requirement to make deductions from your pay into your FAA Salary Packaging Trust Acc
• Employee Participation Agreement
• Any policy documents specified by your employer
• Fuel cards ordered (Note if a Financer for the Associate requires an ink signature, print, sign and scan of this will be the only non-digital step)
11. Pay deductions will commence from your Pre-Tax salary and forwarded on to your Associate
12. Organise collecting your new car (If not packaging your existing car)
13. As expenses arise:
• Your Associate will pay or claim reimbursement for these expenses from their Associate FAA Salary Packaging Trust Acc
14. Log onto your FAA portal/App to view all transactions or reporting you would like to see
15. Increase or reduce your payroll deductions to in alignment with your actual cost via your App
16. All necessary reporting will be provided to your Employer

• The Associate might be your husband or wife, partner, child, parent or another 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 car

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

• Fuel, Oil and Radiator Coolant
• Service and Maintenance
• Replacements (eg: Tyres, Windows etc)
• Damages or Repairs (Conditions Apply – like for like etc)
• Registration (including transfer costs if any apply)
• Comprehensive Insurance and excess payments
• Other types of Insurance (eg: Tyre & Rim, Gap and more)
• Roadside Assistance
• Paint Protection
• Rust Proofing (not removable)
• Window Tinting
• Car Washing and Detailing
• Car Air Fresheners and Deodorisers
• Protection for Fabric Interior (not removable)
• Extended Warranty for Novated Lease Car
• Excess on Insurance

• Parking fees
• Tolls
• Fines
• Licences
• After market goodies (not on the car at time of purchase) that are not replacing similar
• Bull Bars
• Tow Bars
• Sound Systems
• Mag Wheels (Unless replacement)
• Tinting
• Roof/Bike racks

• Your quoted running expenses are an estimate only
• Your FAA App helps you track your costs and increase/decrease the amount of your Pre-Tax dollars you are diverting to meet your actual costs
• Using the fuel card and in-App receipt capture automates the claiming process

Fuel Cards

• Being able to use a Fuel Card is another great benefit of a Novated Lease.
• To fill up with a Fuel Card, simply present your card at participating service stations to quickly and easily purchase fuel.
• These cards are widely accepted and are an easy and quick way to purchase fuel.
• Depending on your Employer, you may also be able to pay for your maintenance and services at participating organisations, and even tyres.
• FAA provides a Fuel Card(s) which is used as a debit card at all fuel stations, where a Fuel Card is accepted.

1. Lease ends and lease another new car
• Lease ceases – FAA look after this process
• Trade or sell your car privately however you chose to
• Any surplus funds from the sale are yours to direct into your personal bank account
• All funds in your account remain there for the new lease
2. Stop leasing this car and sell the car
• Lease ceases – FAA look after this process
• Associate sells the car privately however they chose to
• Any surplus funds from the sale are the Associates to direct into their personal bank account
• The funds in the Associate’s Salary Packaging account are theirs to keep
3. Release the car – seamless transition
• A new lease is put in place
• As the new refinance amount is lower, your new lease deductions will be much lower
• The funds in the Associate’s Salary Packaging account are theirs to keep
4. Stop leasing and keep the car
• Cease leasing,
• The funds in the Associate’s Salary Packaging account are theirs to keep
• Registration is in your Associate’s name, so nothing else changes

• There is now no variance of the % Residual based on kms travelled – these rates are now fixed in accordance with the term of lease selected.
• 1 Yr Lease 65.63% Residual
• 2 Yr Lease 56.25% Residual
• 3 Yr Lease 46.88% Residual
• 4 Yr Lease 37.50% Residual
• 5 Yr Lease 28.13% Residual