Novated Lease Agreement Template – Australia

Disclaimer

The content provided serves as a general reference for agreements related to salary sacrifice arrangements for vehicle leasing in Australia. It is not intended as legal advice and should not replace consultation with a qualified legal professional experienced in Australian employment and contract law. Regulations and requirements may vary across jurisdictions, and adaptations might be necessary to ensure compliance with local standards. The use of this information is at the user’s discretion, and we accept no liability for errors, omissions, or consequences resulting from its application without proper legal review.

Please be advised: This is a sample Novated Lease Agreement template for illustrative purposes only. Actual terms may differ based on specific arrangements and applicable Australian laws.

Novated Lease Agreement Sample

Parties Involved:

Lessor: XYZ Leasing Pty Ltd
Address: 123 Business Drive, Sydney NSW 2000

Employee: John Doe
Address: 456 Elm Street, Sydney NSW 2000

Vehicle Details:

Make, Model: Toyota Camry 2022
VIN: 1HGBH41JXMN109186
Registration Number: ABC123

Lease Terms:

The lease period commences on ____________________ and concludes on ____________________, with payments of AUD __________ per month, payable in advance.

Obligations of the Parties:

The lessor agrees to provide the vehicle in good condition, and the employee agrees to maintain the vehicle and adhere to all relevant laws and policies during the lease period.

Salary Sacrifice & Superannuation:

The employee consents to a salary sacrifice arrangement, with lease payments deducted from pre-tax income in accordance with applicable Australian tax laws and superannuation requirements.

Governing Law:

This agreement shall be governed by the laws of New South Wales, Australia. Disputes shall be resolved within the courts of Sydney.

Additional Terms:

• The employee shall be responsible for all registration, insurance, and maintenance costs during the lease.
• Any modifications or early termination of this agreement must be made in writing and signed by both parties.
• Lease payments are non-refundable once paid, subject to the terms herein.

Sydney, ______________________