Speedst3r
Member
ECM is you contributing to the cost of the benefit which results in your employer's FBT liability being zero - so that money can't be "refunded", it has already been used to pay the lease and running costs. The cost of leasing the vehicle doesn't change - it's just that you now don't have to contribute to it out of your own pocket and it can come out of your pre-tax salary.I thought the post-tax payments (Employee contribution) were collected by your employer to cover their FBT liability.
It may be possible for your employer to reimburse you an amount equivalent to the income tax and GST that would not have been payable had 100% of the benefit been paid from pre-tax salary, and adjust your payment summary to reflect this but they would probably need advice from the ATO to ensure this is not a problem.
It's probably easier for your employer not to do anything and the excess tax withheld will be identified when you submit your tax return and will be refunded.