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Fleet Handbook New Zealand

AU-products-services
Products
  • Fully Maintained Operating Lease
  • Non-Maintained Operating Lease
  • Finance Lease
  • Fleet Management
  • Sale and Leaseback
  • 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, drivers licence checking, driver training, risk management, direct driver contact, fringe benefits tax management

Terms for Operating Lease
  • Passenger/Light Commercial

    • Minimum: 6 months /5,000 km per annum
    • Maximum: 45 months /200,000 km
  • Heavy Vehicles
    • Maximum: Generally 84 months / kms by arrangement
Terms for Finance Lease / Novated Lease

  • Passenger and Light Commercials:
    • 12-45 months
  • Heavy Commercials:
    • 84 months
    • Longer terms by application
au-vehicle-registration
Title

Vehicles/assets are registered with the relevant 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 authority as the management provider. The delivering dealership handles the initial registration. The lessor is considered the legal owner of the vehicle. The annual amount/fee for registration is based on the vehicle category with amounts ranging from NZ$110 – NZ$345 for passenger and light commercial vehicles. Heavy Commercial vehicle fee is approximately NZ$370-NZ$400. An Accident Compensation Commission also applies and is subject to the classification of the vehicle.

Transfer of title

Where a vehicle title/ownership changes, the relevant registration authority applies small fee payable by the aquirer. 

Required documentation

Each owner has a customer number with the relevant Authority. The Lessor must be confirmed by the owner as the managing agent on behalf of the owner. This is undertaken via nomination at the time of registration. A vehicle roadworthy certificate is required from a licensed provider for all vehicles.

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 15%.

Other vehicle-related taxes and fees

In New Zealand a Road User Charge (RUC) applies. A fee must be paid based on the expected distance the vehicle is to travel each year. The fee must be paid in advance and is estimated by the user/operator. For most passenger and light commercial vehicles up to 3,500kgs, the fee is approximately NZ$76 per 1,000 klms. i.e. a vehicle expecting to travel 20,000 the fee will be NZ$1520. Other higher rates apply for Buses and heavy commercial vehicles.

Stamp duty

Where a vehicle title/ownership changes, the relevant registration authority in each applies small fee payable by the acquirer.

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: February 2021