Novated Leases. A novated lease is a type of motor vehicle lease common in Australia between an employee, employer, and finance company, with the responsibility for the lease lying with the employee and the lease payments being made from the employee's pre-tax income. The employer shall not make it a job requirement that an employee enter into a novated lease agreement for the use of a motor vehicle.
Novated Leases. (a) The Employee acknowledges that if the Employee salary packages a Novated Lease, a fuel card must be packaged through either:
(i) the Novated Leasing Services Provider under the Novated Leasing SOA; or
(ii) the the Novated Leasing Service Provider’s Finance, a Novated Leasing Service Provider or with the Supplier, only for leases established prior to the commencement of the Novated Leasing SOA.
(b) The only fuel purchases that the Employee may claim without using the fuel card are purchases while the Employee is awaiting the issue of the fuel card or where the fuel card was not able to be used and the purchase was urgent. This includes leases established under and prior to the commencement of the Novated Leasing SOA.
(c) Clauses 43(a) and (b) do not apply where the car being packaged is a Battery Electric Vehicle and the employee does not wish to package a fuel card.
Novated Leases. All employees on the Maryvale site will be able to enter into a novated lease of a motor vehicle subject to the terms and conditions specified by the Company from time to time.
Novated Leases. The Authority agrees to continue the arrangement with a recognised financial institution which administers novated leases for the purchase of motor vehicles as an employment benefit for all staff.
Novated Leases. 15.1. For the purposes of this clause the novated lease is the lease for the following motor vehicle Lexus RX330, NSW registration ARX 83W. A copy of which is contained in Schedule 7.
Novated Leases. 36.1 Following the selection of an appropriate third party supplier, Council will make available the option of a novated lease to employees.
36.2 All novated lease expenses (excluding Council administration costs) will be borne by the employee.
36.3 A novated lease has no entitlement to parking at any Council location, above that available to the public.
36.4 In accordance with the State Award, the Council shall not make it a job requirement that an employee enter into a novated lease agreement for the use of a motor vehicle.
Novated Leases. Employees will be able to access Novated Motor Vehicle Leases in accordance with the rules of “The Company” agreed scheme.
Novated Leases. The Authority agrees to enter into an arrangement with a recognised financial institution which administers novated leases for the purchase of motor vehicles as an employment benefit for all staff.
Novated Leases. This Policy extends to cover employees, their spouses and immediate family’s Vehicles, which are the subject of a novated lease or similar agreement, arranged under the auspices of and specifically agreed to be insured by the Named Insured. Further this Policy extends to indemnify any other party having an interest in any Vehicle by virtue of and in accordance with the terms of any novated lease or similar agreement.
Novated Leases.
54.1 Employees shall be permitted to enter into a novated lease of a motor vehicle or a laptop computer.
