Common use of NOVATED LEASES Clause in Contracts

NOVATED LEASES. (a) The Employee acknowledges that if the Employee salary packages a Novated Lease, a fuel card must be packaged through either: (i) the Novated Leasing Services Provider under the Novated Leasing SOA; or (ii) the the Novated Leasing Service Provider’s Finance, a Novated Leasing Service Provider or with the Supplier, only for leases established prior to the commencement of the Novated Leasing SOA. (b) The only fuel purchases that the Employee may claim without using the fuel card are purchases while the Employee is awaiting the issue of the fuel card or where the fuel card was not able to be used and the purchase was urgent. This includes leases established under and prior to the commencement of the Novated Leasing SOA. (c) Clauses 43(a) and (b) do not apply where the car being packaged is a Battery Electric Vehicle and the employee does not wish to package a fuel card.