Novated Lease Motor VehicleNovated Lease • June 25th, 2010
A fully novated lease arrangement ('Novated Lease') is a three way agreement between you, Optus and the leasing company. The Novated lease vehicles will only be managed and financed through a nominated Optus supplier. Finance is sourced on the employee’s behalf by the nominated supplier from their selection of providers. Optus will not enter into agreements with other financiers outside those which are used by the nominated supplier.
Novated Lease (Salary Packaging)Novated Lease • August 13th, 2015
Novated Leasing is a method of salary packaging a car, under which an employee leases a car and the employer agrees to take on the employee’s obligations under the lease, paying the monthly lease rentals from the employee’s pre-tax income.
