Tim Miles, a corporate adviser, was riding just minutes ahead of his wife, Tracy, during their regular weekend outing when the accident happened on Bradleys Head Road in Mosman around 10:30 a.m. today.

Cycling was one of his favourite hobbies.

This evening, his family expressed that the world had lost a “bright, shining light,” a loss that will be deeply felt by his friends and family, including his wife and daughters, Caley and Erin.

Supercars also paid tribute to the “keen racer” described as a “pivotal figure” through his role as a team owner and involvement in two separate sales of the competition.

Born in Ashburton on New Zealand’s South Island, Miles dreamed of becoming a racing driver before focusing on his successful business advisory firm, Miles Advisory Partners, his family said.

“Tim was a family man, though one who loved nothing more than stressing out his beloved Tracy about his latest motorsport-related purchase or adventure – all the while proudly telling stories of his two daughters’ successes in life,” the Miles family said in a statement.

“His passing will be notably impactful on his other love – a motorsport community that felt Tim’s impact as a competitor, an owner, a supporter and as a businessman for more than 35 years.”

The success of the advisory firm eventually helped Miles bring his two great passions together.

He competed in one-make Porsche racing and GT competition and recently in the Le Mans 24 Hours, a long-term dream made more special with a tribute to family friend Rod McElrea on his livery.

He was a key backer of multiple young Australian and New Zealand stars’ international careers, including Matt Campbell and Jaxon Evans.

The Miles family said the gestures showcased his “selflessness and his passion for motorsport”.

“Tim was a fantastic storyteller, a man with a brilliant sense of humour and who showed genuine interest in the lives of those around him – whether he’d known them for years or just met them,” the family said.

“His loss will be keenly felt by family and friends, the business community in which he worked and the motorsport community in which he lived.”

In a tribute posted tonight Supercars tonight said Miles – a co-owner of Triple Eight Race Engineering and co-founder of Tasman Motorsport – was instrumental in the sport’s sale to Archer Capital in 2011 and brokered its sale to Racing Australia Consolidated Enterprises in 2021.

“Supercars is saddened to learn of the passing of Tim Miles, an extraordinary figure in Australian motorsport.

A keen racer and pivotal figure to Supercars, Tim sadly passed away on Sunday.

As a corporate advisor and former team owner, Tim played a crucial role in shaping the future of Supercars.

The bus driver was not injured in this morning’s crash but was taken to hospital for mandatory testing, police said.

Four passengers on the bus were uninjured and the main entrance to the zoo was temporarily closed but the zoo remained open.

Heavy traffic in the area eased later in the day.

Police are investigating and will prepare a report for the coroner.