Reference Data & Lookups: ATO Loan Rates
System reference data, suppliers, and lookup tables
ATO Loan Rates
The Australian Government has legislated repayment thresholds for compulsory repayment of government loans. The types of loan covered by these rates are as follows:
Higher Education Loan Program (HELP)
VET Student Loan (VSL)
Student Financial Supplement Scheme (SFSS)
Student Start-up Loan (SSL)
ABSTUDY Student Start-up Loan (ABSTUDY SSL)
Trade Support Loan (TSL).
Loan thresholds and rates are updated in your system when new legislation changes the values.
These rates can be used in quote pdf documents.
Like other rate tables, the quote's "Effective Date" is used to select the appropriate record from this table to use in ATO Loan calculations.
Use the ATO Loan calculation model to see the effect of a calculated HELP Debt.
Thresholds and rates
These rates are used to calculate ATO Loan repayment values in quote placeholders. These can be used in html quote templates as part of a salary packaging comparison.
Thresholds and rates are published by the Australian Taxation Office as 'Study and training loan repayment thresholds and rates'
Record of rates
Effective from 1 July 2024:
The loan repayment rates to be used from 01/07/2024 are as follows:
**Table to be updated **
Effective from 1 July 2023:
The loan repayment rates to be used from 01/07/2023 are as follows:
**Table to be updated **
Effective from 1 July 2022:
The loan repayment rates to be used from 01/07/2022 are as follows:
Effective from 1 July 2021:
In August 2022 rates for the 2021- 2022 Tax year have been added into the table for historic purposes.
The loan repayment rates to be used from 01/07/2021 are as follows:
Effective from 1 July 2020:
The loan repayment rates to be used from 01/07/2020 are as follows:
Effective from 1 July 2019:
The loan repayment rates to be used from 01/07/2019 are as follows:
LCT Limits
The group of controls that are used to calculate Luxury Car Tax, Luxury Car Charge and Claimable GST are listed below.
For ATO source details visit
https://www.ato.gov.au/Rates/Luxury-car-tax-rate-and-thresholds/
See also various pages where these records are used:
Fleet / Administration / Quotes → Vehicle → Luxury Car Tax
Fleet / Administration / Quotes → Finance → Luxury Car Charge
Fleet / Administration / Quotes → Finance → GST Claimable
Effective from 01/07/2025:
- gb — The definition of a Fuel Efficient vehicle changed effective 01/07/2025. luxurycarfuelefficientcombinedlitresper100km 01/07/2025 3.5
- gb — Fuel efficient vehicles (with a fuel consumption of equal to or less than luxurycarfuelefficientcombinedlitresper100km) have a higher LCT threshold. luxurycarfuelefficientlimit 01/07/2025 91387.00
- gb luxurycarfuelefficientlimit_net 01/07/2025 83079.09
- gb luxurycarlimit 01/07/2025 69674.00
- gb luxurycarlimit_net 01/07/2025 63340.00
- gb luxurycartax_rate 01/07/2008 33%
- gb luxurycarthreshold 01/07/2025 80567.00
- qt maximumgstclaimable 01/07/2025 6334.00
- qt — If 'yes', the "Dealer Discount" is excluded from the LCT Base Price. I.e. it is a higher value. If 'no', the "Dealer Discount" is included in the LCT Base Price. I.e. it is a lower value. lctdealerdiscount_flag 0000-00-00 yes
- qt — If 'yes', Aftermarket Options costs will be included in the LCT Base Price. I.e. it is a higher value. If 'no', Aftermarket Options costs will be excluded from the LCT Base Price. I.e. it is a lower value. lctaftermarketoptions_flag 0000-00-00 yes
Effective from 01/07/2024:
- gb luxurycarfuelefficientcombinedlitresper100km 0000-00-00 7.0
- qt — with a fuel consumption of equal to or less than luxurycarfuelefficientcombinedlitresper100km) have a higher LCT threshold. luxurycarfuelefficientlimit 01/07/2024 91387.00
- qt luxurycarfuelefficientlimit_net 01/07/2024 83079.09
- qt luxurycarlimit 01/07/2024 69674.00
- qt luxurycarlimit_net 01/07/2024 63340.00
- qt luxurycartax_rate 01/07/2008 33%
- qt luxurycarthreshold 01/07/2024 80567.00
- qt maximumgstclaimable 01/07/2024 6334.00
- qt — If 'yes', the "Dealer Discount" is excluded from the LCT Base Price. I.e. it is a higher value. If 'no', the "Dealer Discount" is included in the LCT Base Price. I.e. it is a lower value. lctdealerdiscount_flag yes
- qt — If 'yes', Aftermarket Options costs will be included in the LCT Base Price. I.e. it is a higher value. If 'no', Aftermarket Options costs will be excluded from the LCT Base Price. I.e. it is a lower value. lctaftermarketoptions_flag yes
Effective from 01/07/2023:
- qt — Fuel efficient vehicles (with a fuel consumption of equal to or less than luxurycarfuelefficientcombinedlitresper100km) have a higher LCT threshold. luxurycarfuelefficientlimit 01/07/2023 89332.00
- qt luxurycarfuelefficientlimit_net 01/07/2023 81210.91
- qt luxurycarlimit 01/07/2023 68108.00
- qt luxurycarlimit_net 01/07/2023 61916.36
- qt luxurycartax_rate 01/07/2008 33%
- qt luxurycarthreshold 01/07/2023 76950.00
- qt maximumgstclaimable 01/07/2023 6191.00
- qt — If 'yes', the "Dealer Discount" is excluded from the LCT Base Price. I.e. it is a higher value. If 'no', the "Dealer Discount" is included in the LCT Base Price. I.e. it is a lower value. lctdealerdiscount_flag yes
- qt — If 'yes', Aftermarket Options costs will be included in the LCT Base Price. I.e. it is a higher value. If 'no', Aftermarket Options costs will be excluded from the LCT Base Price. I.e. it is a lower value. lctaftermarketoptions_flag yes
Effective from 01/07/2022:
- qt — Fuel efficient vehicles (with a fuel consumption of equal to or less than luxurycarfuelefficientcombinedlitresper100km) have a higher LCT threshold. luxurycarfuelefficientlimit 01/07/2022 84916.00
- qt luxurycarfuelefficientlimit_net 01/07/2022 77196.36
- qt luxurycarlimit 01/07/2022 64741.00
- qt luxurycarlimit_net 01/07/2022 58855.45
- qt luxurycartax_rate 01/07/2008 33%
- qt luxurycarthreshold 01/07/2022 71849.00
- qt maximumgstclaimable 01/07/2022 5885.00
- qt — If 'yes', the "Dealer Discount" is excluded from the LCT Base Price. I.e. it is a higher value. If 'no', the "Dealer Discount" is included in the LCT Base Price. I.e. it is a lower value. lctdealerdiscount_flag yes
- qt — If 'yes', Aftermarket Options costs will be included in the LCT Base Price. I.e. it is a higher value. If 'no', Aftermarket Options costs will be excluded from the LCT Base Price. I.e. it is a lower value. lctaftermarketoptions_flag yes
Troubleshooting
Tip: Visit the main Troubleshooting page for a list of all the available problem-solving tips.
Statutory Rate
Statutory Rate and FBT calculations are displayed in a number of locations in the system - Quote documents, Contracts/FBT and various FBT reports.
Quoting
When a quote is performed, the Statutory Rate that will be used is determined by two factors;
- The "Annual KMs" of the quote - determines which distance bracket the vehicle belongs to
- The "Effective Date" of the quote - determines the yearly rate that will be used.
Contracts and Reports
When the quote is transferred to a contract, the "Statutory Rate Date" field in Contracts/FBT can be used to refine the Statutory Rate that is used.
The date entered determines which statutory rate will be applied to FBT calculations on the Contracts/FBT screen, in Driver Reports and in FBT reports.
If the date is blank or earlier than 11/05/2011, the existing rates will be used.
If the date entered is 11/05/2011 or later, the new rates announced in the 2011 Federal Budget will be used.
This means that a date must be entered in this field for the new rates to apply to the contract. In most cases, the Start Date of the contract will be suitable; however, there are some scenarios where your driver may be disadvantaged by using the Start Date to determine the statutory rate.
For example;
01/03/2011 a business enters into a contract for a new vehicle expecting 7% at 40,001 kms
15/05/2011 a vehicle is delivered (3rd party start date – to calculate FBT from this date)
01/07/2011 your organisation takes over management of this fleet (contract start date).
In the scenario above, it is desirable (and appropriate) to apply the pre-existing rate to the contract, so the Statutory Rate Date should be 01/03/2011.
A scheduled job exists to populate the Statutory Rate Date with the Start Date if it is blank. You can over-ride this with an alternative date if needed.
Note:
The Statutory Rate that would be applicable if the 'Statutory' Benefit Type was in use is always displayed. This should not be mistaken as the percentage rate used to determine the annual Fringe Benefit, Reportable Benefit and Fringe Benefits Tax (FBT)which is calculated from the Business Usage when using the 'Operating' Cost method. The mitigation of FBT cost using an Employee Contribution is determined by FBT Value x (100-Business Usage)% = Employee Contribution.
Salary Type
Main Page > Fleet / Administration / Clients / Quote Defaults / Salary Type
The client’s salary type determines if a superannuation calculation is performed on the driver’s quote (results show in the 'Superannuation' field).
The salary value used in the calculation can be entered directly into the quote. Alternatively, if a value has been stored in the ‘Salary’ field in the driver record, this will show in the quote.
Asset Type
The Asset Types available for Maclease Partner are listed below.
Selecting and Adding Asset Types
Once an Asset Type has been selected from the drop list, use the Tab key to navigate across the page to populate other related fields.
Continue using the Tab key to navigate to the next line to select additional Asset Types.
Removing an Asset
Where an Asset has been entered in error, select the ‘x’ character in the first column.
Where one or more liabilities are linked to the Asset being removed, a warning will appear prompting the user to consider its removal.
Liability Type
The Liability Types available for Maclease Partner are listed below.
Selecting the Liability Type can be performed via two methods
When an Asset Type has been entered and is identified with an ‘ownership’ status of ‘debt-owed’ the corresponding liability will be automatically created.
Where there is not a link to any Asset Type, select the Liability Type from the drop list or tab to the next line to make the selection if it is not the first entry.
Removing a Liability
Where a Liability needs to be removed, select the ‘x’ button in the first column.
Where an Asset is linked to the Liability being removed, a warning will appear prompting the user to consider its removal.