Dec 16 2014
Odometer Readings for Novated Leases
For your employees that are salary packaging a novated lease entered into before the 20th May 2011, it is essential that they continue to meet their required kilometres for travel as per the statutory rate and provide us with up to date odometer readings so that we can assist them in minimising any impact of FBT.
As many people take leave over the Christmas and New Years period, it may be the perfect occasion to encourage how your staff best maximise their novated lease by incorporating some driving into their holiday planning and family activities. Of course we do ask that they 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.