Remunerator News

Dec 16 2014

Odometer Readings for Novated Leases

If you are salary packaging a novated lease entered into before the 20th May 2011, it is essential that you continue to meet your required kilometres for travel as per the statutory rate and provide us with up to date odometer readings so that we can assist you in minimising any impact of FBT.

As many people take leave over the Christmas and New Years period, it may be the perfect occasion for you to maximise your novated lease by incorporating some driving into your holiday planning and family activities. Of course we do ask that you do this with care and consideration of safety on our roads at this time of year.

Novated lease and salary packaging information can be viewed and new odometer readings submitted by logging into the My Statements area on our website or by downloading our smartphone apps.

Please refer to statutory table and corresponding travel requirements in the table below.

customer newsletter table