Novated Leases Data Showing Number Of FBT Exempt Novated Leases Entered Into By Range Of Taxable Income.

Written by Claude Haiku 4.5 from the extracted text on 16 May 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

The ATO released data on FBT-exempt novated leases entered into during the 2023-24 and 2024-25 financial years, broken down by taxpayer income ranges. Total novated leases increased significantly from 27,231 to 41,556 contracts across the two periods. The largest uptake occurred in the $45,001–$135,000 income bracket (10,758 to 16,286 leases), followed by those earning over $190,001 (8,982 to 12,099 leases). Higher-income earners dominated novated lease usage overall. The data captures new lease contracts entered during each year rather than cumulative active leases. The ATO notes that increased reporting requirements from recent changes mean 2025 year figures will be higher than earlier periods, limiting historical comparability. Income data derives from individual tax returns, with prior-year figures substituted where current-year data unavailable.