FAQ: When do the July 2013 changes made to Fringe Benefits Tax (FBT) take effect?

When do the July 2013 changes made to Fringe Benefits Tax (FBT) take effect?

IMPORTANT INFORMATION - With the change of Government on 7 September 2013, the below information is now incorrect. For up-to-date information regarding Novated Leasing, please click here. You can also submit a quick online enquiry  and one of our expert finance consultants will be in touch to discuss the smartest options with you.

The changes made in July 2013 to Fringe Benefits Tax (FBT) for cars come into effect as of 1st April 2014, but apply to all new Novated Lease contracts entered into after the 16th of July 2013, as well as any Novated Leases entered into before that date which are materially varied after 16th July 2013.