Salary Packaging Australia (S.P.A.) specialises in providing an outsourced salary packaging service with a single goal guiding our operation and actions:

To provide a single point of contact to ensure a personal one-on-one service at all times.

This philosophy ensures you receive a reliable and consistent approach from start to finish on all employee packages and administration matters. S.P.A. is now an approved provider of Novated Leases to Queensland Government employees under SOA QGP0066-23 and we proudly proclaim our salary packaging credentials understanding that a full-service salary packaging provider should offer more than just novated leases. We work together with Remserv and Smart Salary to provide you the best value.

That’s why we pride ourselves on being a one-stop-shop that delivers all services in-house using one-on-one customer engagement as well as state-of-the-art I.T. infrastructure. S.P.A. offers our clients unique points of difference that set us apart from our competition in the market. These include, but are not limited to:

Customer satisfaction    One-on-one consultations    Transparency

Ongoing client support    A large panel of financiers    Experienced personnel

Why use Salary Packaging?

It’s quite simple – Salary packaging allows you to pay for certain benefit items such as a Novated Lease BEFORE you get taxed. You then get taxed on your remaining income: therefore you will pay LESS tax, and take home more money each pay

Some of our Latest Deals

Salary Packaging Calculators

Novated Lease Calculator (PENDING)

Use our Novated Lease Calculator to see how much you could be saving on your next car

EV Novated Lease Calculator (PENDING)

Use our Novated Lease Calculator to see how much you could be saving on your next Electric Vehicle

Fact sheets

Novated Lease & EV Novated Lease Fact Sheet (PENDING)

Learn more and see a real-life example of how much you could save, and any State Government EV rebates

Blog: What happens at the end of a Novated Lease?

Downloads

Qld Government Novated Leasing Information Booklet

Salary Packaging Participation Agreement

S.P.A. Reimbursement Claim Form

S.P.A. Enquiry Form

S.P.A. Privacy Agreement

Allianz Motor Vehicle Lease Insurance Policy

Allianz Motor Vehicle Lease Insurance Policy TMD

Suncorp Car Insurance

Suncorp Car Insurance – Supplementary

Find out more

What is a Novated Lease?

Put simply, a novated lease is a financial agreement between you (the employee), your employer and the company lending you the money to finance your car purchase. You borrow money from the finance company to purchase your car, and your employer arranges to have your regular lease repayments deducted directly from your salary (this is known as salary sacrificing). These deductions are made from your salary before tax is calculated, thus reducing your taxable income and saving you money. You pay less tax!

Do I need to have any business use for my car to use this service or save tax?

No, you do not need to be using your car for business purposes to save tax under a novated lease arrangement. The car is your personal vehicle and is registered in your name.

What are the advantages of a Salary Package with a novated lease?

The main advantage of a novated lease is the potential tax savings employees can make under a novated lease arrangement. These savings will be different for everybody and we urge you to contact our experienced team to discuss your options.

Can I get a novated lease on a used car?

Yes. You do not have to purchase a brand new car in order to enjoy the advantages offered by a novated lease agreement. Some restrictions will apply to the purchase of a used vehicle. Our team will be able to assist you when you are ready.

What happens if I leave my job?

If you leave your workplace before the lease has expired, simply contact us and we can help set you up a new agreement with your new employer.

What sort of car can I buy?

The choice is yours! There are generally very few restrictions on the type of car you can package. At S.P.A. we have built relationships with dealers across Australia to get you the best deal on your new car purchase.

Is anyone else allowed to drive the car other than me?

Yes, of course. Because the car is yours and registered in your name, who you let drive your car is your decision.

How do I work out my savings?

To get an indication of your potential savings, you can use our online calculator. However, to gain a better understanding of the potential savings you can make, contact our friendly S.P.A. team for an obligation-free consultation.

Am I able to speak to someone directly to ask questions?

Call S.P.A. on 1300 786 664 and our helpful team will be able to assist you in offering the benefits of salary packaging to your staff. Alternatively, you can book a one-on-one chat with one of our Business Relationship Managers here.

What do I do if I lose my fuel card?

Contact us immediately on 1300 786 664 we will cancel your old card and reissue you with a new one.

Who are S.P.A.'s suppliers?

Angle
Website: https://www.angleauto.com.au/
Number: 1300 561 895
Email: novatedcustomerassist@angleautoauto.com.au

BOQ
Website: https://www.boqfinance.com.au/
Number: 1300 305 331
Email: customer.service@boqfinance.com.au

MQ
Website: https://www.macquarie.com.au/
Number: 1300 368 908
Email: leasingcustomerservice@macquarie.com

Allianz
Website: https://www.allianz.com.au
Number: 1300 402 030
Policy: 75 SALPACA GFL

Suncorp
Website: https://www.suncorp.com.au
Number (Claims): 13 25 24
Number (Support): 13 11 55

Salary Packaging Administrators

Remserv
Website: https://www.remservsalarypackage.com.au
Number: 1300 30 40 10
Email: remserv@remserv.com.au

Smartsalary
Website: https://www.qld.smartsalary.com.au
Number: 1300 218 598

Understanding Fringe Benefits Tax (FBT) on Novated Leases

Understanding Fringe Benefits Tax (FBT) – Novated lease

What is FBT?

Fringe Benefits Tax (FBT) is a tax employers pay on certain benefits they provide to their employees, in addition to their salary or wages. This tax is separate from income tax and is based on the taxable value of the fringe benefits provided.

All novated lease packages with Salary Packaging Australia (S.P.A.) are subject to FBT. We calculate the taxable value of your vehicle that will be reported by your employer each year (FBT period: April to March).

There are two main factors.

  • FBT is calculated as 47% of the vehicle’s base value.
  • The FBT payable is then reduced or eliminated by any employee post-tax contributions.

 

Calculating FBT on Novated Lease Vehicles

There are two ways to calculate the taxable value: Statutory Method or Operating Costs Method.

One of the methods will be applied to eliminate the FBT liabilities.

 

Statutory Method

This method applies the following formula:

Vehicle base value x Statutory rate x period novated lease was held – post-tax contribution collected.

 Base Value: The base value of the vehicle is determined at the start of the lease. This is typically the original cost of the car, including any accessories but excluding any government on-road costs.

Statutory Rate: This is a rate provided by legislation and the current rate is 20%

Period novated lease was held: number of days the vehicle was available for use. If packaged for the full year, then the period is 365 days (366 days in leap year)

Post-tax contributions collected: post-tax deductions received during the FBT year (April to March)

Example Calculation:

Base Value of Vehicle: $35,000

Taxable value: $35,000 x 20% = $7000

Post-tax contribution required for the full year to eliminate FBT liability is $7000.

 

Operating Cost Method

This method applies the following formula.

Total operating costs of the vehicle x (100% – Business use % ) – post tax contribution collected

 Total operating costs of the vehicle: Total costs including lease payments and all running costs inclusive of GST during the FBT year.

Business use %: kilometres travelled for business use as a percentage of overall driving during 12-week period. A logbook* must be kept validating the percentage applied.

*ATO compliant logbook for a minimum 12-week period is required and submit vehicle Business Use Declaration form to S.P.A.

Example Calculation:

Total costs incurred during the FBT year is $15,000 with business use 75%

Taxable value: $15,000 x (100%-75%) = $3,750

Post-tax contribution required for the full year to eliminate FBT liability is $3,750.

 

Collection of post-tax

Post-tax contribution required for the period the vehicle was held is collected as post-tax deductions from your pay. This required amount is evenly divided across the pay periods.

If the required amount is collected during the year your taxable value is reduced to $0 and you do not need to pay the FBT liability.

There are some cases where the full required post-tax is not collected, this will result in a FBT liability.

Some examples of cases where the full required post-tax is not collected:

  • Missing deductions: During the FBT year, if we have not received some of your deductions for various reasons such as Leave Without Pay.
  • Natural timing difference: your lease start date and your first deduction commence date is not the same day. This case generally creates a few days shortfall.
  • Lease started in the late FBT year: your new lease or refinance started late in the FBT year and there was not sufficient time to collect the required amount to offset the FBT requirement.

All above cases will result in FBT liability due to full required post-tax amount is not collected, therefore we collect the post-tax shortfall as FBT liability using the calculation below.

 

Taxable value x Gross-up rate x FBT Rate

Taxable value: Amount calculated using either Statutory method or Operating Cost Method (see above for formula)

Gross-up rate: ATO provided rate of 2.0802 (benefits with GST) and 1.8868 (benefits without GST)

FBT rate: currently 47%

Example Calculation:

Post-tax required for the year: $7000

Post-tax deduction collected: $6700

Then the shortfall is $300 ($7000-$6700)

FBT liability = $300 x 2.0802 x 47% = $293.31

Qualified Financial Advisors

Qualified Financial Advisors

The following is a list of some qualified financial advisors in Queensland:

(Salary Packaging Australia has no affiliation with any of the advisors listed below).

JAMES HAND CFP®
Fitzpatricks Private Wealth Pty Ltd
215 Adelaide St
Brisbane City, QLD 4000
GEORGE MARSHALL AFP®
Perpetual Trustee Company Limited
15/345 Queen St
Brisbane City, QLD 4000
KATRINA ROBBINS CFP®
Wealth Architects
Level 7 545 Queen Street
Brisbane City, QLD 4000
MARC GRATWICK CFP®
PSK Private Wealth
Level 7, 295 Ann Street
Brisbane City, QLD 4000
SHARYN BESCH CFP®
Goodman Private Wealth Advisers
Level 16 300 Queen Street
Brisbane City, QLD 4000
MICHAEL BORJESSON CFP®
Morgans Financial Limited
level 20/10 Eagle St
Brisbane City, QLD 4000
BRADLEY CHURCH CFP®
Goodman Private Wealth Advisers
Level 16 300 Queen Street
Brisbane City, QLD 4000  
MANJINDER AUJLA CFP®
Bridges Financial Services Pty Limited
Level 11 200 Mary Street
Brisbane City, QLD 4000  
RAYMOND KO AFP®
Australian Retirement Trust
Brisbane Square
Brisbane City, QLD 4000  
STUART WARREN CFP®
Morgans Financial Limited
Level 18 144 Edward Street
Brisbane City, QLD 4000  

DISCLAIMER: The implications of salary packaging a motor vehicle through a novated leasing arrangement, including tax savings will depend on your individual circumstances. The information in this publication has been prepared by Salary Packaging Australia for general information purposes only, without taking into consideration any individual circumstances. Salary Packaging Australia and the Queensland Government recommend that before acting on any information or entering into a novated leasing arrangement, you should consider your objectives, financial situation and needs, and, take the appropriate legal, financial or other professional advice based upon your own particular circumstances. You should also read the Standard Novation Agreement, Salary Packaging Participation Agreement and the relevant Queensland Government Salary Packaging and Novated Leasing Information Booklets and Fact Forms available via the Queensland Government Arrangements Directory. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement.

Salary Packaging Australia | ABN 53 009 643 485

Salary Packaging Australia (ABN 53 009 643 485 ) act as an authorised representative on behalf of a number of Australian financial services licensees. The capacity in which we act and the financial services we are authorised to provide are set out in our Financial Services Guides. We act as an agent for those licensees and not for you.

Salary packaging is only available to eligible employees of the Queensland Government as per the Standing Offer Arrangement QGP0066-23. The implications of salary packaging for you (including tax savings and impacts on benefits, surcharges, levies and/or other entitlements) will depend on your individual circumstances. The information on this page has been prepared by Salary Packaging Australia for general information purposes only, without taking into consideration any individual circumstances. Salary Packaging Australia and the Queensland Government recommend that before acting on any information or entering into a salary packaging arrangement and/or a participating agreement with your employer, you should consider your objectives, financial situation and needs, and, take the appropriate legal, financial or other professional advice based upon your own particular circumstances. You should also read the Salary Packaging Participation Agreement and the relevant Queensland Government Salary Packaging Information Booklets and Fact Forms available via the Queensland Government Arrangements Directory. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement.

^Queensland Government Standing Offer Arrangement QGP0066-23 offers a panel of ten novated leasing providers: Alliance Leasing Pty Ltd | EasiFleet Pty Ltd | FAA Payroll & Admin Services Pty Ltd (FAA Sal Pac (FSP)) | FleetPlus Pty Ltd | JJCT Packaging Pty Ltd (Positive Salary Packaging) | LeasePLUS Pty Ltd | Remuneration Services (Qld) Pty Ltd (RemServ) | Salary Packaging Australia Pty Limited | Smartleasing (a division of Smartsalary Pty Ltd) | Statewide Novated Leasing Pty Ltd

*Salary Packaging Australia’s procurement and trade-in services are optional. You may choose to use our services or those of another provider. Participation in salary packaging a motor vehicle through a novated lease arrangement is strictly voluntary.

Salary Packaging Australia collects your personal information from you when you apply for a product and request any information from us, and we may use this information to contact you about our products, services and offerings. To read more about how we handle your personal information, please read our Privacy Policy Statement below.

The availability of benefits is subject to your employer’s approval. Salary Packaging Australia may receive commissions in connection with its services.

Privacy Policy

Open

Salary Packaging Australia (“us”, “we”, or “our”) operates the www.salpacaus.com.au website (hereinafter referred to as the “Service”).

This page informs you of our policies regarding the collection, use and disclosure of personal data when you use our Service and the choices you have associated with that data.

We use your data to provide and improve the Service. By using the Service, you agree to the collection and use of information in accordance with this policy. Unless otherwise defined in this Privacy Policy, the terms used in this Privacy Policy have the same meanings as in our Terms and Conditions, accessible from www.salpacaus.com.au

At Salary Packaging Australia, we are committed to protecting your privacy in accordance with the Privacy Act 1998 (Cth). This Privacy Policy describes our current policies and practices in relation to the handling and use of personal information.

What information do we collect and how do we use it?

We also use your information to send you requested product information and to enable us to manage your ongoing relationship with us e.g. invoicing, client surveys etc. We may do so by mail or electronically unless you tell us that you do not wish to receive electronic communications.

We may occasionally notify you about promotions, new services and special offers, events or articles we think will be of interest to you. We may send you regular updates by email or by post. If you would rather not receive this information, email or write to us. We may also use your information internally to help us improve our services and help resolve any problems.

Definitions

Service

Service is the www.salpacaus.com.au website operated by Salary Packaging Australia

Personal Data

Personal Data means data about a living individual who can be identified from those data (or from those and other information either in our possession or likely to come into our possession).

Usage Data

Usage Data is data collected automatically either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).

Cookies

Cookies are small files stored on your device (computer or mobile device).

Information Collection and Use

We collect several different types of information for various purposes to provide and improve our Service to you.

Types of Data Collected

Personal Data

While using our Service, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you (“Personal Data”). Personally identifiable information may include, but is not limited to:

  • Email address
  • First name and last name
  • Phone number
  • Address, State, Postal code and Suburb
  • Cookies and Usage Data
  • We will ask you for personal information when we assist you with your finance. We use the information you provide to advise about and assist with your credit needs. We only provide your information to the companies with whom you choose to deal (and their representatives).

What if you don’t provide some information to us?

If you don’t provide us with full information, we can’t properly advise or assist you with your credit or salary packaging needs.

Your consent

By asking us to assist with your credit needs, you consent to the collection and use of the information you have provided to us for the purposes described above.

How do we hold and protect your information?

We strive to maintain the reliability, accuracy, completeness and currency of the personal information we hold and to protect its privacy and security. We keep personal information only for as long as is reasonably necessary for the purpose for which it was collected or to comply with any applicable legal or ethical reporting or document retention requirements

We may use your Personal Data to contact you with newsletters, marketing or promotional materials and other information that may be of interest to you. You may opt out of receiving any, or all, of these communications from us by following the unsubscribe link or the instructions provided in any email we send.

Will we disclose the information we collect to anyone?

We do not sell, trade, or rent your personal information to others.

We may need to provide your information to our credit licensee e.g. for administration and supervision activities, contractors who supply services to us e.g. to handle mailings on our behalf, or to other companies in the event of a corporate sale, merger, reorganisation, dissolution or similar event. However, we will do our best to ensure that they protect your information in the same way that we do.

We may also provide your information to others if we are required to do so by law or under some unusual other circumstances which the Privacy Act permits.

How can you check, update or change the information we are holding?

Upon receipt of your written request and enough information to allow us to identify the information, we will disclose to you the personal information we hold about you. We will also correct, amend or delete any personal information that we agree is inaccurate.

We do not charge for receiving a request for access to personal information or for complying with a correction request.

Usage Data

We may also collect information on how the Service is accessed and used (“Usage Data”). This Usage Data may include information such as your computer’s Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that you visit, the time and date of your visit, the time spent on those pages, unique device identifiers and other diagnostic data.

Location Data

We may use and store information about your location if you give us permission to do so (“Location Data”). We use this data to provide features of our Service, to improve and customise our Service.

You can enable or disable location services when you use our Service at any time by way of your device settings.

Tracking & Cookies Data

We use cookies and similar tracking technologies to track the activity on our Service and we hold certain information.

Cookies are files with a small amount of data which may include an anonymous unique identifier. Cookies are sent to your browser from a website and stored on your device. Other tracking technologies are also used such as beacons, tags and scripts to collect and track information and to improve and analyse our Service.

You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our Service.

Examples of Cookies we use:

  • Session Cookies. We use Session Cookies to operate our Service.
  • Preference Cookies. We use Preference Cookies to remember your preferences and various settings.
  • Security Cookies. We use Security Cookies for security purposes.
  • Advertising Cookies. Advertising Cookies are used to serve you with advertisements that may be relevant to you and your interests.

Use of Data

Salary Packaging Australia uses the collected data for various purposes:

  • To provide and maintain our Service
  • To notify you about changes to our Service
  • To allow you to participate in interactive features of our Service when you choose to do so
  • To provide customer support
  • To gather analysis or valuable information so that we can improve our Service
  • To monitor the usage of our Service
  • To detect, prevent and address technical issues
  • To provide you with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless you have opted not to receive such information

Transfer of Data

Your information, including Personal Data, may be transferred to – and maintained on – computers located outside of your state, province, country or other governmental jurisdiction where the data protection laws may differ from those of your jurisdiction.

If you are located outside Australia and choose to provide information to us, please note that we transfer the data, including Personal Data, to Australia and process it there.

Your consent to this Privacy Policy followed by your submission of such information represents your agreement to that transfer.

Salary Packaging Australia will take all the steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Policy and no transfer of your Personal Data will take place to an organisation or a country unless there are adequate controls in place including the security of your data and other personal information.

Disclosure of Data

Disclosure for Law Enforcement

Under certain circumstances, Salary Packaging Australia may be required to disclose your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).

Legal Requirements

Salary Packaging Australia may disclose your Personal Data in the good faith belief that such action is necessary to:

  • To comply with a legal obligation
  • To protect and defend the rights or property of Salary Packaging Australia
  • To prevent or investigate possible wrongdoing in connection with the Service
  • To protect the personal safety of users of the Service or the public
  • To protect against legal liability

Security of Data

The security of your data is important to us but remember that no method of transmission over the Internet or method of electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your Personal Data, we cannot guarantee its absolute security.

Service Providers

We may employ third party companies and individuals to facilitate our Service (“Service Providers”), provide the Service on our behalf, perform Service-related services or assist us in analysing how our Service is used.

These third parties have access to your Personal Data only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose.

Analytics

We may use third-party Service Providers to monitor and analyse the use of our Service.

Google Analytics

Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualise and personalise the ads of its own advertising network.

You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.

For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: https://policies.google.com/privacy?hl=en

Advertising

We may use third-party Service Providers to show advertisements to you to help support and maintain our Service.

Google AdSense & DoubleClick Cookie

Google, as a third party vendor, uses cookies to serve ads on our Service. Google’s use of the DoubleClick cookie enables it and its partners to serve ads to our users based on their visit to our Service or other websites on the Internet.

You may opt out of the use of the DoubleClick Cookie for interest-based advertising by visiting the Google Ads Settings web page: http://www.google.com/ads/preferences/

Behavioral Remarketing

Salary Packaging Australia uses remarketing services to advertise on third party websites to you after you visited our Service. We and our third-party vendors use cookies to inform, optimise and serve ads based on your past visits to our Service.

Google Ads (AdWords)

Google Ads (AdWords) remarketing service is provided by Google Inc.

You can opt-out of Google Analytics for Display Advertising and customise the Google Display Network ads by visiting the Google Ads Settings page: http://www.google.com/settings/ads

Google also recommends installing the Google Analytics Opt-out Browser Add-on – https://tools.google.com/dlpage/gaoptout – for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.

For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: https://policies.google.com/privacy?hl=en

Facebook

Facebook remarketing service is provided by Facebook Inc.

You can learn more about interest-based advertising from Facebook by visiting this page: https://www.facebook.com/help/164968693837950

To opt-out from Facebook’s interest-based ads, follow these instructions from Facebook: https://www.facebook.com/help/568137493302217

Facebook adheres to the Self-Regulatory Principles for Online Behavioural Advertising established by the Digital Advertising Alliance. You can also opt-out from Facebook and other participating companies through the Digital Advertising Alliance in the USA http://www.aboutads.info/choices/, the Digital Advertising Alliance of Canada in Canada http://youradchoices.ca/ or the European Interactive Digital Advertising Alliance in Europe http://www.youronlinechoices.eu/, or opt-out using your mobile device settings.

For more information on the privacy practices of Facebook, please visit Facebook’s Data Policy: https://www.facebook.com/privacy/explanation

Links to Other Sites

Our Service may contain links to other sites that are not operated by us. If you click a third party link, you will be directed to that third party’s site. We strongly advise you to review the Privacy Policy of every site you visit.

We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.

Changes to This Privacy Policy

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page.

We will let you know via email and/or a prominent notice on our Service, prior to the change becoming effective and update the “effective date” at the top of this Privacy Policy.

You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.

Contact Us

We welcome your questions and comments about privacy. If you have any concerns or complaints, please contact:

By email: enquiries@salpacaus.com.au

By phone number: 1300 786 664