If you go on parental leave and continue to pay the lease payments/running costs through your salary packaging balance during the period of leave, the PHEV exemption would continue as there is no change to the financial commitment.
If you go on parental leave, cease your novation agreement and make lease payments direct to the financier, we would terminate your account. You would be required to sign a new novation agreement upon return from parental leave to commence the packaging again. In this instance, the PHEV exemption would cease as there is a change to the financial commitment by terminating the original novation agreement and then taking on a new novation agreement upon return.
Please note: From 1 April 2025, a plug-in hybrid electric vehicle will not be considered a zero or low emissions vehicle under FBT law. However, your employer can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue using the vehicle for private use on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding. To qualify for the EV discount, plug-in hybrid electric vehicles must be delivered by midnight on 31 March 2025. Due to high demand and stock limitations there may be some vehicles that do not meet the delivery deadline for the EV Discount. Customers are advised to confirm delivery timelines before proceeding with their order.
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