Common use of Motor Vehicle Clause in Contracts

Motor Vehicle. Section Managers Section Managers will be provided with an allowance sufficient to cover the total costs of providing a large luxury passenger sedan or equivalent plus any Fringe Benefits Tax (FBT) liability and are to meet any excess from their gross salary or may retain any savings (from the packaged amount), should the actual cost of the personal benefit value of the vehicle be greater than or less than the agreed personal benefit value. The quantum of the allowance will be negotiated with the Section Managers and the General Manager in accordance with the Motor Vehicles and Other Related Benefits Management Directive. Please note that employees who are entitled to receive a Motor Vehicle Allowance have the ability to make an additional contribution to a motor vehicle of their choice.

Motor Vehicle. Section Managers Section Managers will be provided with an allowance sufficient to cover the total costs of providing a large luxury passenger sedan or equivalent plus any Fringe Benefits Tax (FBT) FBT liability and are to meet any excess from their gross salary or may retain any savings (from the packaged amount), should the actual cost of the personal benefit value of the vehicle be greater than or less than the agreed personal benefit value. The quantum of the allowance will be negotiated with the Section Managers and the General Manager in accordance with the Motor Vehicles and Other Related Benefits Management Directive. Please note that employees who are entitled to receive a Motor Vehicle Allowance have the ability to make an additional contribution to a motor vehicle of their choice.