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?

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This page was printed from the Stratton Finance website.

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

Stratton Finance 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).

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Car Finance, Car Lease, Novated Lease, Car Loan and Salary Packaging

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FAQs: Novated Leasing & Salary Packaging

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