Stratus Drive automates EV novated lease compliance for Australian employers. Flat $40/month. No hidden fees. No middleman markups. You keep your own finance.
The Australian Government's EV FBT exemption saves employees $15,000–$33,000+ over a 5-year lease. But two barriers stand in the way.
HR departments refuse to administer novated leases because it means:
Traditional novated lease companies hide massive markups inside the "tax savings":
Whether you bring your own finance or use a family associate lease, the process is the same for your employer.
Finance through your own bank, credit union, or buy outright through a family associate. You choose the deal — no one forces you into overpriced in-house products.
We verify ATO eligibility, generate lease documentation, manage the trust account, process all receipt verification, and calculate every deduction automatically.
Each pay cycle, your HR team downloads a single STP-ready CSV file. That's it. No manual FBT calculations. No receipt chasing. No admin burden.
Based on a Tesla Model 3 at $65,000 drive-away, 5-year term, 6% external bank finance.
| $80k Salary | $140k Salary | $200k Salary | |
|---|---|---|---|
| Marginal Tax Rate (incl. Medicare) | 32% | 39% | 47% |
| Standard Post-Tax Car Loan | $92,860 | $92,860 | $92,860 |
| With Stratus Drive (Net Out-of-Pocket) | $62,658 | $60,908 | $53,919 |
| Total Saved | $30,202 | $31,952 | $38,941 |
Figures are estimates only and depend on individual tax circumstances. Stratus Drive does not provide financial or tax advice.
See how we compare to the traditional novated lease companies.
No tiers, no per-vehicle charges, no percentage fees.
Your employer pays one flat fee. Stratus Drive handles all compliance, receipt verification, and payroll integration internally.
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These figures are estimates only and depend on individual tax circumstances. Running costs are estimated at $90/week (insurance, registration, charging, tyres, maintenance). Actual savings may vary. Stratus Drive does not provide financial or tax advice. Consult a qualified tax professional for advice specific to your situation.
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