A Fully Maintained Novated Lease is a method of salary packaging a car and its operating costs, 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 and operating expenses from the employee's pre-tax income.

This is distinct from a Non-maintained Novated Lease, where only the lease rentals are deducted from the employee's pre-tax income. A Novated Lease is the most common form of salary packaging a car.


A Novated Lease is a three way agreement between an employer, employee and finance company whereby the employee enters into a Car Lease (Finance Lease) with the financier and the employer agrees to take on the employee's obligations under the lease. In addition to the lease rentals, the car's operating expenses are also deducted from the employee's pre-tax income. Some examples of the types of operating expenses that can be packaged are:

  • Fuel & oil
  • Service, maintenance & tyres
  • Registration & insurance
  • Accident management


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