FAQs: Novated Leasing & Salary Packaging

Browse Frequently Asked Questions about Novated Lease (Salary Packaging) arrangements for cars:

Q: What is the definition of a Novated Lease, and how do they work?
Q: What are the benefits of a Novated Lease for an employee?
Q: What are the benefits of a Novated Lease for an employer?
Q: What happens if I have a Novated Lease and I change jobs?
Q: Which vehicles are eligible for Novated Leasing and salary packaging?
Q: What are the minimum & maximum terms (lease lengths) for a Novated Lease?
Q: How does a Fully Maintained Novated Lease differ from a Non Maintained Novated Lease?
Q: What effect does Fringe Benefits Tax (FBT) have on a Novated Lease?
Q: What is the Statutory Formula Method of calculating Fringe Benefits Tax (FBT), and how does it work?
Q: What is the Employee Contribution Method (ECM) of calculating Fringe Benefits Tax (FBT), and how does it work?
Q: What effect does Goods and Services Tax (GST) have on a Novated Lease?
Q: What effect does Luxury Car Tax (LCT) have on a Novated Lease?
Q: What changes were made to Novated Leases in May 2011, as part of the Federal Budget?
Q: What effect do the changes made to Novated Leasing as part of the 2011 Federal Budget have?

CAR INSURANCE QUOTE

Competitively priced, full service car insurance for all makes and models.

Get a quote in less than 60 seconds - Australia's fastest car insurance quote.

GET QUOTE NOW

QUICK LINKS

Online Car Finance Quote
Online Novated Lease Quote
Online Approval
Enquire
Apply Now
Car Insurance Options
Loan Protection Options

This page was printed from the stratton website.

Original URL: http://www.strattonfinance.com.au/car-finance/learn/faq/novated-lease-salary-packaging.aspx

stratton offers finance and insurance for cars, properties, equipment and more. Visit us online at http://www.strattonfinance.com.au, or call 1300 STRATTON (1300 787 288).

Innovative Finance & Insurance Solutions

Terms of Use
Car Finance, Car Lease, Novated Lease, Car Loan and Salary Packaging

Learn More:

FAQs: Novated Leasing & Salary Packaging

Further Reading:

RELATED PAGES

CAR INSURANCE QUOTE

QUICK LINKS