Info for employers

My employee wants to take out an Oly novated lease

What do I need to know?

Oly puts small businesses like yours in the driver’s seat

A novated lease is an incredible perk employers can offer their team members, helping them get behind the wheel of their dream car while making the most of their pay.

Oly believes novated leases should be for everyone, not just people who work for the biggest organisations. By making novated leases accessible to employees of small and medium businesses, Oly is excited to help more Australians enjoy tax saving opportunities along with that ‘new car’ smell.

Oly supports the businesses (aka heroes) like you that are keen to offer novated leases to their staff, giving you all the tools and assistance you need - from sign-up to setting up the automatic deductions, Oly is with you every step of the way.

In other words, Oly is here to help you give your employees a big business perk, without the big business red tape.

Got an email from Oly?

That means one of your employees has submitted an application for an Oly novated lease! Now they need you to sign up to help make their dream car a reality. To proceed, please sign in via the link provided in the email from Oly.

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It’s as easy as 1, 2, 3!

Register with Oly

Create an account to get access to your Oly Business Hub, where you can communicate with Oly and access a one-stop-shop help centre.

Approve the agreement

Give your employee’s novated lease agreement the tick online so Oly can get them on the road quickly.

Set up Oly AutoPay

Add your direct debit banking details and Oly AutoPay (powered by Stripe) will handle the regular novated lease deductions, so you can focus on running your business.

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How novated leasing works

By bundling car lease payments with eligible car running costs, and deducting the payment directly from a combo of their before and after-tax salary (or all before tax if they’re getting an eligible electric car), a novated lease could end up saving your employees thousands of dollars in tax.

1:40 minute video

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Explaining the EV Discount

A $60k electric car for around the same price of a $40k petrol one? When your employees use a novated lease to score an eligible electric car, payments can come entirely from their before-tax salary, which could score them an EV for the price of a petrol car worth $20,000 less. Oly explains the government’s EV Discount, and how it’s making going electric more affordable than ever with a novated lease.

1:30 minute video

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Novated leases: what’s in it for my business?

Want to know more about helping your employees get behind the wheel of their dream car while giving them the chance to save thousands in tax? Oly takes you through the ins-and-outs of novated leasing, and shows you exactly how easy it is to get on board.

1:30 minute video

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what am i going to do

  
Why should I sign up?

Helping your team get into their dream car while giving them the chance to score big tax savings? Way to earn that ‘World’s Best Boss’ mug!

A happy team

Help your employees make the most of their pay by tapping into their before-tax salary, which is a great way to attract (and retain) the best team. Big businesses have been offering their employees novated leases for years, but Oly makes it easy for small-to-medium businesses to take advantage of them too.

Oly makes it easy

Once you’re set up with Oly, you’ll get access to the Business Hub, your one-stop-shop for all your reports, signed agreements, and information requests, as well as a comprehensive help centre with videos, guides and answers to any questions you might have.

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The Oly fan club

Oly is proud to make novated leases accessible to small and medium businesses. No wonder people love Oly. Here's what they have to say!

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Employer FAQs

See all FAQs

Who is Oly?
Oly is Australian-owned and operated, and backed by the McMillan Shakespeare Group (MMS), one of Australia’s largest and most trusted salary sacrifice and novated lease providers. Oly's mission is to make novated leases available to everyone, not just people who work for big corporations.

What is a novated lease?

A novated lease is an ATO-approved way of financing a car that bundles payments for the car with all those on-road costs like fuel or recharging, insurance, rego, servicing and even new tyres. By taking part of the payment from the employee's before-tax salary (or all before tax if they use a novated lease to score an eligible electric car), a novated lease could end up saving them thousands of dollars in tax every year.
Is there a cost to our business?
All employers need to do is help Oly set up the novated lease in your payroll processes and include the lease as part of your BAS and FBT reporting. Employers can pass the costs and fees associated with novated leasing to their employees, reducing the costs and inconvenience to your business. Get in touch to talk about the details.
How does novated leasing make my business more attractive to employees?
By bundling all your employee’s eligible car-related costs – including the price of leasing the car itself - into one payment taken directly from their salary, Oly makes having and running a car easy and affordable. And since part of that payment is taken from their pre-tax salary (or entirely pre-tax in the case of eligible electric cars), your employee could get more from their salary and may pay less tax too. An employee would see that as a pretty significant perk of their job.
Do you work with small businesses?
Certainly! Some novated lease providers cater exclusively to large businesses, but Oly supports small to medium sized businesses. Oly’s dedicated support team is here to assist, especially for smaller businesses with limited HR resources.
How does Oly support me?
Oly is there with you all the way, from creating your account and signing your employee's novated lease agreement, to setting up the regular payments using Oly AutoPay (powered by Stripe). Oly's Business Hub includes all the information you need to complete your business activity statement (BAS) and fringe benefits tax (FBT) reporting, while the comprehensive help centre has step-by-step guides for setting up new employees, what to do if your employee leaves your business and more.
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Talk to Oly

Complete the form and Oly will get in touch very soon.

Keen to talk now?

Give Oly a call on 1300 328 182.

Oly is available:

9am – 5pm AEST Monday to Friday
Excluding public holidays

* Questions marked with an asterisk need to be answered before you can submit the form.

Talk to Oly
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