Please see below the updates or amendments that apply to novated leasing:
- From July 1 2019, Queensland Government appointed Novated Lease Panel Providers will be required to arrange both the finance and administration of a novated lease. On or after July 1, 2019, only leases that have a vehicle order signed before July 1, with an external financier can be processed.
- All changes proposed before the September 2013 Federal Election were cancelled by the incoming Government. This means all the great benefits and potential tax savings that come with a novated lease are fully available.
- What’s even better is that changes made in 2011 also mean you no longer need to worry about how far or little you drive. All kilometre requirements have been abolished.