Employee motor vehicle trends.
Employee motor vehicle trends.
Australasian Business Intelligence, August, 2006
Byline: Tim Nally
Aug 22, 2006 (Food & Drink Business – ABIX via COMTEX) — Australian employers can help provide vehicles to employees in four ways. These are: Car allowance; novated lease; company vehicle; and tool-of-trade vehicle. Novated leases are extremely popular but are usually confined to those employees who have reached a certain minimum salary. Car allowances may again be based on seniority and be allocated as part of the remuneration package. Company vehicles are usually part of a fleet that is leased over three years
novated lease salary packaging