Novated lease

The term novated lease is used to refer to a motor vehicle lease which has been novated, that is, the obligations in the contract have been transferred from one party to another. ^[1]

7 relations: Employee benefits, Fringe benefits tax (Australia), Labour law, Operating lease, Salary packaging, Stratton (financial services), Vehicle leasing.

Employee benefits

Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries.

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Fringe benefits tax (Australia)

The fringe benefits tax (FBT) is a tax applied within the Australian tax system by the Australian Taxation Office.

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Labour law

Labour law (also known as labor law or employment law) mediates the relationship between workers, employing entities, trade unions and the government.

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Operating lease

The expression " operating lease" is somewhat confusing as it has a different meaning based on the context that is under consideration.

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Salary packaging

Salary packaging (also known as salary sacrifice or salary exchange) is the inclusion of employee benefits (also called fringe benefits) in an employee remuneration package in exchange for giving up part of monetary salary.

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Stratton (financial services)

Stratton Finance is one of Australia's largest car and asset finance brokers, with offices in most Australian capital cities and a national network of franchises.

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Vehicle leasing

Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease.

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References

[1] https://en.wikipedia.org/wiki/Novated_lease

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