Australia's EV Novated Lease and FBT Exemption: What Changes in 2027 and Which Cars Qualify

OCEANIAAustralian Taxation Office

Australia's fringe benefits tax exemption has dramatically lowered the cost of leasing an electric vehicle, but upcoming rule revisions taking effect April 1, 2027, will shift eligibility. The update outlines how luxury car tax thresholds and phase-outs will impact buyers looking to secure tax-free novated leases. Drivers aiming to maximize savings will need to navigate which battery-electric models continue to qualify under the revised guidelines.

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