novated amount

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novated lease — /noʊveɪtəd ˈlis/ (say nohvaytuhd lees) noun a type of leasing arrangement whereby the payments on a leased item, very commonly a car, are taken over by one s employer with a corresponding reduction in one s salary, thus reducing one s gross… …
Vehicle leasing — refers to leasing the use of a motor vehicle for a fixed or indefinite period of time. It is commonly offered by dealers as an alternative to vehicle purchase. The key difference in a lease is that after the lease expires, the lessee must return… … Wikipedia
Operating lease — An operating lease is a lease whose term is short compared to the useful life of the asset or piece of equipment (an airliner, a ship, etc.) being leased. An operating lease is commonly used to acquire equipment on a relatively short term basis.… … Wikipedia
Fringe Benefits Tax (Australia) — Fringe Benefits Tax (FBT) is the tax applied by the Australian Taxation Office (ATO) to most, although not all, fringe benefits, which are generally non cash benefits. Most fringe benefits are also reported on employee payment summaries for… … Wikipedia

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