Did you know…?
November 2021
Tech Talk
Novated Leasing & Salary Packaging
In response to the 2018 Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Government responded to the findings of the Royal Commission and recommended the introduction of a range of reforms.
October 2021 saw a number of reforms brought in by ASIC.
- Deferred Sales Model for Add On Insurance Products.
- Reference checking and information sharing requirements.
- Breach Reporting and the ‘notify, investigate and remediate’ obligations.
- Design and Distribution Obligations.
- Hawking.
- Internal dispute resolution.
At Paywise, we have worked diligently to ensure we are compliant with the introduced reforms as they apply to our products and services.
Staff Spotlight
Meet Edward Mountford
Eddie is a Novated Leasing consultant who was born and raised in the NT. He has helped thousands of people get the car they want and feel great about themselves. Eddie has an uncanny knack of making it all quite simple and painless. He finds that our members keep going back to him for their next car, their family’s car, and their friends’ car too.
When did you commence with Paywise? May 2016
Why did you want to work with Paywise? I wanted to work for a company that valued its employees and somewhere with potential career growth
What are your hobbies? I enjoy fishing, camping, swimming, renovating, gardening, snowboarding and travel.
Do you have any pets? If not, if you were to come back to this life as an animal, insect or bird, what would you come back as and why? Probably a monkey as they always seem to be having fun
Favourite band and why? Muse – Great Live
Favourite movie or series and why? One of my favourite movies is Shawshank Redemption, it’s just a classic that you should see if you haven’t already.
Product Developments – the new Paywise App
The Paywise App was launched on the 20th of October 2021, and is available in the Apple App Store and Google Play Stores.
Key Features are:
- Account balances and transaction data 24/7
- Track your FBT cap
- Submit your claims
- Track the progress of your claim
- Apple Pay and Google Pay support
- Manage your Paywise Card and add it to your Apple/Google wallet
- Order a new digital Paywise Card
***It’s a Digital card – if you don’t have an existing card for Meal Entertainment or Living Expenses, you can order a card in-app and have it in seconds in your electronic wallet***
Updates
Is a Used Car a better option today?
Whether it’s a global computer chip shortage that has crippled car production or pent-up demand caused by coronavirus pandemic restrictions, new cars are in short supply.
Whilst a new car is generally everyone’s first choice, you are much more likely to get the car you want as a used car, because it’s available now!
If we focus on what the upside might be for a used car, we consider the following:
- Ideally, most of the depreciation has been incurred.
- Your budget may get you a higher spec’d version of the car you want.
- Manufacturer warranties are longer nowadays so you may find the used car you want that still has a manufacturer warranty.
- All the data on reliability and common problems is widely available.
- Cars last longer today so a used car is still a very good option.
Encourage your staff and colleagues to consider this option if your new car is many, many months away, by speaking with a Paywise novated lease consultant now.
Tips and Hints
Help your staff to salary package, whatever their move is over the Christmas, New Year period!
It’s this time of year, more so than any other time, that we see staff movement. If you have any staff either commencing or leaving, please have them touch base with us as soon as possible and we’ll assist them and you, that’s what we’re here for! Particularly those who might be leaving your organisation, Hospital or School, getting the ball rolling early goes a long way. We can have those new starters organised to go from the first pay day in 2022 where applicable.
Payroll! Let us know if you require the Payroll-Deduction-Advices earlier than usual and we’ll organise it for you. If you let us know when they’re required by, along with when funds would be transferred to Paywise, that would help immensely. If you have an emergency point of contact should we need to make contact over the Christmas, New Year period, please let us know that as well.
Member Spotlight
Leslie
(From an oil & gas exploration and production company) took possession of a brand new Haval Jolion Ultra Wagon 5dr DCT 7sp 1.5T and said:
“Thank you for the excellent customer service, Paywise team. This must be the most painless and efficient finance deal I have entered into.”
Commendation and praise to Eddie & Emillie from the Paywise team who assisted Leslie with his Novated Lease.
Cherry
(From an organisation providing excellence and innovation in pathology and forensic services, testing, teaching and research) took possession of a brand new Land Rover, Range Rover Evoque L551 MY21 P250 R-Dynamic SE Wagon 5dr Spts Auto 9sp 4×4 2.0T and passed on this message:
“[I would like to] extend a huge thank you to Stephen and Paywise.”
“This is my third car with Paywise, and I wanted to let you know how grateful I am for how much help Stephen has been to me, answering my questions and guiding me through the process each time.”
Commendation and praise to Stephen, Emillie & Grant from Paywise who assisted Cherry with her Novated Lease.
Contact us today and find out how we can help you achieve your dream car ambitions!
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