Electricity

There are two methods we can utilise to calculate your electricity reimbursements. One is by calculating the actual usage, the second method is by utilising advice published by the ATO (Draft Practical Compliance Guidelines) regarding at home charging of full electric vehicles. The caveat is that once you select your method you will need to remain with that chosen method for the duration of the FBT financial year. You can elect to change methods at the start of a new FBT year.

In short, at the end of each home electricity bill cycle, you will take a screenshot from the Tesla app that provides a rundown of kWh's charged from home. The app can distinguish between home and charging stations. When you receive your electricity bill for the applicable period, send it through to us along with the screenshots as mentioned. From there, we average out the tariffs as displayed on your electricity bill and reimburse you for the kWh units from home as indicated by the Tesla app.

If you have a wall charger installed at home with a kWh meter, you can just send us the electricity bill and the kWh's attributed to the vehicle during the billing period. If you do not have this type of arrangement at home, depending on the functionality of your vehicle you can send us: • The electricity bill and the kWh's charged at home as displayed by your vehicle or vehicle app • The electricity bill plus an accurate log / photograph of the kilometres travelled during the billing period, the manufacturers vehicle efficiency rating (kWh per 100 KMs) plus any charging station fee invoices Please feel free to send any charging station reimbursements through to us at your convenience.

As indicated within the ATO Draft Guidelines: • It is the employer's or individual's choice if they want to use the methodology outlined in the draft guideline or if they would like to determine the cost of the electricity by determining its actual cost. The choice is per vehicle and applies for the whole income or FBT year. However, it can be changed by the employer or individual from year to year. • The guidelines refer to fully electric vehicles only. • If electric vehicle charging costs are incurred at a commercial charging station, a choice must be made. The EV home charging rate can be used, but only if the commercial charging station cost is disregarded. If the commercial charging station cost is used, the EV home charging methodology set out in the guideline cannot be applied. Further, all necessary records such as receipts must be kept to substantiate the claim, as per normal record-keeping rules. • The formula provided by the draft allows for 5.47 cents per kilometre travelled. This method often works better for people with solar panels who don't tend to pay much on their electricity bill. Please note that any reimbursement will be limited to the amount of electricity that is budgeted for within your lease. If you are travelling more KM's than you have initially estimated for, we can adjust the budgeted figure easily upon request. Once you have considered these two options, you can let us know how you'd like to proceed, remembering that your choice can't be changed until the beginning of the next FBT year which runs from April to March.