Tech Talk
Novated Leasing & Salary Packaging

Staff Spotlight

Pyjama Day Fundraiser

On Thursday 23rd September, our  Perth Office hosted a Pyjama day at work. We surpassed our $500 target, with the day raising $543.00 for Perth Children’s Hospital – Telethon. Paywise matched the fundraising efforts, taking the total to $1086.

Teresa enjoys reading, gardening and baking. Her favourite is to bake New Zealand specialties like lamingtons, savory muffins, and healthy treats.

Teresa has two cats; Smackdown and Peanut. Smackdown is a rescue cat that came with that name and Peanut was adopted recently as a kitten, found under her porch.

Teresa’s favourite band is Fleetwood Mac as they make great music to think and work to.

Teresa’s favourite movie is The Labyrinth. Directed by Jim Henson. With David Bowie, Jennifer Connelly, Toby Froud, Shelley Thompson. Sixteen-year-old Sarah is given thirteen hours to solve a labyrinth and rescue her baby brother Toby when her wish for him to be taken away is granted by the Goblin King Jareth. Teresa chose this movie because she loves David Bowie.

Product Developments

Our in-house, proprietary salary packaging system has been developed to improve the efficiency and effectiveness of salary packaging administration for all our members, including novated leases.

A highlight of the system is the automated FBT Management on novated lease benefits.

This development was designed to limit the potential for FBT shortfalls on our member’s novated lease benefits.  This was achieved with Paywise’s system able to monitor and adjust post-tax collections at each pay period to ensure enough post-tax at FBT year end.

Since its introduction, the system has been highly successful in mitigating FBT shortfalls, so much so that for the FBT year ending 31 March 2021, we achieved an 87% reduction of FBT liabilities compared to the prior year. This product development has enhanced our product offering and increased the satisfaction of our members.

Update
Current Car Availability

Audi – subject to some restrictions to supply.

BMW/Mini – The BMW Group has had to temporarily revise the specification of certain models in light of the shortfall.

Ford – says availability varies across its range and recommends customers check with dealers to find out what is and isn’t available.

GWM/Haval – hasn’t experienced any significant disruption to supply in Australia as a result of semi-conductor shortages.

Honda – Honda Australia acknowledges it has been hit by the crisis with stock position tight.

Hyundai/Genesis – There are no models directly affected so far.

Isuzu – says there are on-going supply delays and is watching the global issue daily.

Jaguar/Land Rover – currently experiencing some Covid-19-related supply-chain disruption.

Kia – is monitoring the situation and taking necessary steps to adjust its production accordingly.

Lexus – All Lexus models between 1-2 months, with LX at 3 months and LC Coupe by 12 months.

Mazda – All Mazda models are in good supply.

Mercedes-Benz – demand for Mercedes’s vehicles is outstripping supply.

MG – is faring well at the moment in the battle to obtain semi-conductors.

Mitsubishi – has delays on stock of around 5-6 months for its SUVs and 3 months for 4WD versions.

Nissan – continues to work with international colleagues to minimise disruption to production.

Renault – currently has no issues with Australia-bound deliveries.

Porsche – the lack of parts is having an overall impact.

Volkswagen – there is a secure amount of the Polo, T-Cross, T-Roc, Tiguan, Allspace & Arteon.

Skoda – models are understood to be affected by the issue.

SsangYong – Australia’s vehicle supply has not been impacted to date.

Alfa Romeo, Fiat, Chrysler, Citroen, Jeep, Maserati, Peugeot & Ram – continue to work closely with its suppliers to mitigate the manufacturing impacts.

Subaru – there is a wait of around three months on orders of the Outback, Forester and XV.

Suzuki – has experienced issues related to a lack of semi-conductors.

Toyota – GoAutoNews online reported that ‘Toyota will be cutting its global production by 40 per cent next month [Sept 21] as the ongoing semiconductor shortage continues’.

Volvo – has been given everything it has asked for from the factories overseas.

We recommend using the site location tool on WEX motorpass before you visit a service centre to ensure they accept the card.

Did you know that your Paywise Fuel Card has transaction limits to ensure you are spending within your budgets?  Make sure you obtain a price guide or quote to determine if you will need to request an increase to these limits.  If you do require an increase, please do so 48 hours prior to your service as the update takes 24 hours.  Therefore, if we increase the limit at 3pm the limit will refresh at 3.01pm the next business day.

Missed something?

Take a look at our previous newsletters:

• November 2022
• September 2022
• July 2022
• May 2022
• March 2022