novated lease wikipedia - EAS
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A novated lease is a motor vehicle lease which has been novated, that is, the obligations in the contract have been transferred from one party to another. A lease is novated with a three way agreement (Deed of novation) between the lessee, the lessor (usually a finance company), and a third
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See moreNovated leases are almost exclusively used in Australia as part of an arrangement for the providing the use of a motor vehicle by an employer to an employee via salary packaging.
In a salary packaging...
See more• Novated leases questions and answers from the Australian Taxation Office
• Deed of Novation from Queensland Government GITC....
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