May 8 2014
As part of the 2013-14 FBT year end process we are currently conducting reconciliations for all Novated Lease and Salary Packaging Customers.
The Reconciliation compares your salary packaging Deductions Vs. Expenditure result which will be provided to your payroll department shortly.
Please expect any positive balances to be returned to you via your next available payroll with PAYG tax applied.
In the event that there is a negative balance that needs to be recovered, we will automatically action an initial recovery of (up to) $500. We will then contact you to make further repayment arrangements.