Crossword Genius

Tax process bidding to surpass lease limits (7)

Ross

I believe the answer is:

levying

I'm a little stuck... Click here to teach me more about this clue!

'surpass lease limits' is the definition.
I can't tell whether this definition defines the answer.

'tax process bidding' is the wordplay.
'tax' becomes 'levy' (I've seen this before).
'process bidding' becomes 'ing' (I can't justify this - if you can you should believe this answer much more).
'levy'+'ing'='LEVYING'

'to' is the link.

Can you help me to learn more?

(Other definitions for levying that I've seen before include "Imposing (a tax, etc)" , "The imposition of taxes" .)

I've seen this clue in the Sydney Morning Herald.
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