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Fleet Handbook Australia

AU-products-services
Products
  • Fully Maintained Operating Lease
  • Non-Maintained Operating Lease
  • Finance Lease
  • Fleet Management
  • Sale and Leaseback
  • Employee Novated Vehicle Lease (salary packaged)
  • Non-vehicle item salary packaging
  • Carly – short term car subscription
  • Inspect 365 digital asset inspection and defect management
  • Integrated telematics
Services

Vehicle/asset purchasing and disposal, service/maintenance and repairs, tyre management, insurance, accident management, 24/7 roadside assistance, replacement/short-term vehicles, lease contract term/kilometre management, registration and CTP insurance services, fuel and fuel card/app management, strategic management, fleet consultancy (desktop analysis for non-customers), optimised purchasing negotiation, fleet administration, fleet policy analysis and recommendations, online reporting, online novated lease car configurator, drivers licence checking, driver training, risk management, direct driver contact, fringe benefits tax management, tied-to-payroll novated lease payment service, Inspect365 digital vehicle inspection defect reporting and repair management, heavy vehicle services including body-build consultancy and management.

Terms for Operating Lease
  • Passenger/Light Commercial

    • Minimum: 6 months /5,000 km per annum
    • Maximum: 60 months /200,000 km
  • Heavy Vehicles
    • Maximum: 84 months / kms by arrangement
    • Longer terms by application
Terms for Finance Lease / Novated Lease
  • Passenger and Light Commercials: 

    • 12-60 months
  • Heavy Commercials:
    • 84 months
    • Longer terms by application​​​​​​​
au-vehicle-registration
Title

Vehicles/assets are registered with the relevant State/Territory authority in the customer’s name as the ‘operator’ of the vehicle/asset. Where the customer selects registration services, sgfleet’s details are provided to the State/Territory authority as the management provider. The service includes the relevant compulsory third party insurances. The delivering dealership handles the initial registration. The lessor is considered the legal owner of the vehicle. Each Australian State/Territory authority has its own method of calculating registration, compulsory third party insurance and purchase stamp duties.

Transfer of title

Where a vehicle title/ownership changes, the relevant registration authority in each State/Territory applies a purchase stamp duty payable by the acquirer. Amounts are generally between 3% and 6% of the purchase value.

Required documentation

Each owner has a customer number with the relevant State/Territory Authority. The Lessor must be confirmed by the owner as the managing agent on behalf of the owner. This is undertaken via letter advising on the owner’s letterhead. Proof of compulsory third-party insurance us a requirement before any vehicle can be registered. In some States/Territories, a vehicle roadworthy certificate is required from a licensed provider for vehicles of particular types or age.

Time frame

The initial vehicle registration is undertaken by the delivering dealer and can be provided within 2-3 hours. Registration renewals are generally undertaken online once the appropriate inspections and insurances are provided.

au-taxation
Goods and Services (GST) rate

The current GST is 10%.

Other vehicle-related taxes and fees

Other vehicle related taxes are paid via fuel excises and taxes through the fuel provider. The price of fuel captures these amounts.

Stamp duty

The relevant registration authority in each State/Territory applies a purchase stamp duty payable by the acquirer. Each State/Territory authority has a unique method to determine the purchase stamp duty payable based on a category it assigns, and the vehicle falls within. The category and amount of duty payable may be based on body type, weight and/or engine capacity. The amounts are generally between 3% and 6% of the purchase value.

Tax refund and accounting

GST related to company cars used by employees for both business and private use is fully deductible as an input tax credit.

From a customer’s point of view, monthly lease payments are treated as operating expenses and are accounted for in the lessee’s profit and loss account. The lessor (leasing company) capitalises the leased vehicles in its books, as the owner of the vehicles.

au-contact

Company:

SG Fleet 
Level 2, Building 3,
20 Bridge Street
Pymble, NSW 2073
Australia

 

Phone: +61 2 9494 1000
Email: newbusiness@sgfleet.com
Internet: www.sgfleet.com

 

Contact and Liaison:

Brad Green 

Global Tenders Manager 

Phone:  +61 407 662 854
Email: bgreen@sgfleet.com

 

Latest update: September 2018