Novated Leases Data Showing Number Of Active Novated Leases And Their FBT Status.

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The ATO released operational statistics on novated leases showing a significant decline in active leases: 434,746 in 2022-23, falling to 395,428 in 2023-24, and further declining to 289,623 in 2024-25. However, these figures are incomplete as they only capture leases commencing before 1 April 2024. Fringe Benefits Tax (FBT) exemption status data, recently added to the ATO's dataset, shows that for new leases commencing in 2023-24, 27,231 were exempt and 58,565 were non-exempt, with 31,370 undetermined. In 2024-25, 41,556 were exempt, 57,061 non-exempt, and only 55 undetermined, reflecting improved data classification. The disclosure notes reporting gaps, with FBT status data