Asset Tracking: Your Insurance for a More Profitable Year
For Australian businesses that run on heavy fuel consumption such as transport, dealing with fuel tax credits (FTC) can be a complex and time-consuming task – and one that is all too easy to skip over when managing a busy fleet. But businesses across the country are discovering the value in investing in a simple solution.
Teletrac Navman’s FTC Manager, the first solution of its kind to receive both the Australian Taxation Office's (ATO) product ruling and class ruling, is a game-changer for how businesses approach fuel tax compliance and claims. By automating compliance and maximising rebate entitlements, FTC Manager is helping companies save significant amounts of money, which, in many cases, are substantial enough that the system pays for itself.
Under Australian tax law, businesses are entitled to the highest rate of fuel tax credit for fuel that is used in operations other than travel on public roads. This includes fuel consumed during road construction and maintenance, even when performed on public roads. FTC Manager ensures that businesses can claim these entitlements more accurately than current manual methods through the use of real-time, high-definition, second-by-second GPS location data. This means that businesses can benefit from a significant financial return through more accurate measurements, enabling them to claim the maximum refund available.
Automatically calculating fuel tax requirements also reduces the administrative costs and mitigating tax risks. This reclaimed capital can be reinvested into core operations, driving growth and efficiency. With taxation processes integrated into the platform, users claims are both accurate and transparent to ensure compliance with current regulations.
Tailored for a diverse range of industry needs
FTC Manager is built to serve a broad range of industries, including construction, agriculture, forestry, mining, government, service, and transport. Its adaptability ensures that businesses of all sizes and types can maximise their fuel tax claims without compromising compliance. As an example, for road construction businesses, specialty features like Work Lights Conex make it easier to track and claim fuel used for auxiliary equipment, significantly enhancing rebate potential. Mixed fleets can accurately measure hours of use for up to six different auxiliary devices, ensuring every litre of eligible fuel is counted.
Advanced Technology for more accurate claims
Manual FTC calculations are not only tedious but prone to human error, leading many businesses to underclaim to avoid potential penalties. FTC Manager eliminates this burden by allowing users to upload fuel transaction data, which the system then processes to automatically calculate claim entitlements. This automation reduces paperwork, saves administrative time, and provides complete transparency, giving businesses peace of mind that they are meeting ATO requirements without the usual hassle.
FTC Manager utilises high-precision, location-based technology combined with detailed off-road mapping to automatically track and apportion fuel usage between on-road, off-road, and auxiliary operations. This level of accuracy allows businesses to continuously claim the highest possible FTC entitlement at the most favourable rebate rates. Compared to traditional accounting methods, FTC Manager often delivers significantly higher returns and returns for Australian companies that allow them to reinvest into business growth.
Proven success in the field
The real-world impact of FTC Manager is evident in its success stories. AKD, Australia's largest softwood sawmilling business with more than 1,000 employees across the east coast, faced challenges managing a multi-state fleet while adhering to strict safety and fatigue management regulations. By implementing Teletrac Navman’s FTC Manager and TN360 fleet management system, AKD improved its tracking and compliance, allowing for precise fuel tracking and maximised rebate claims, leading to substantial financial benefits.
Similarly, Stows Waste Management, the fourth-generation business founded in 1892 is one of Melbourne’s leaders in waste collection and disposal across industries like hospitality, industrial, domestic, and commercial sectors, experienced immediate financial gains after adopting FTC Manager. With a team of around 20 employees and a diverse fleet of 14 vehicles, including liquid tankers, hook lift trucks, and low-clearance vehicles, Stows faced significant challenges in manually calculating fuel tax credits due to extensive off-road travel and auxiliary equipment use. The reliance on averages to avoid penalties resulted in missed claims worth hundreds of dollars annually.
The introduction of Teletrac Navman’s FTC Manager was a turning point for Stows. General Manager Imran Darwiche discovered that the system enabled retrospective claims on fuel tax credits from previous years, which effectively covered the cost of implementing the platform. On the effect this had on the business, Darwiche remarked "You don't know actually what you're missing out on until you actually have the system in place."
Why FTC Manager is essential for your business
Many Australian businesses have already discovered that the financial benefits of FTC Manager, unlocking immediate and long-term savings through automating compliance, reducing administrative burdens, and ensuring maximum rebate recovery. FTC Manager transforms a traditionally complex process into a streamlined, transparent, and profitable system, and its proven success across diverse industries underscores its value as a smart investment for any business with significant fuel use.
With FTC Manager, businesses can unlock previously missed financial returns, which can be reinvested in growth, safety and innovation. Speak to our team of experts at Teletrac Navman to find out more.