Compensation, Benefits and Rewards
Novated Leasing
ORIX Australia provides Novated Leasing from Sydney to employers and their employees across Australia, as part of a fleet leasing and management business with over 30 years in the Australian and New Zealand markets.
- A novated lease is a three-way agreement between ORIX, the employer and the employee that includes a vehicle in the employee’s salary package, with all finance and running costs including insurance, registration and servicing bundled into one payment collected from salary.
- Employees select their vehicle and ORIX uses its purchasing power and nationwide dealer network to negotiate with dealers.
- ORIX OneView provides 24/7 online reporting and lease information, and the ORIX Companion App lets employees manage their lease, alongside an online calculator for estimating savings on a chosen vehicle.
- Battery electric and hydrogen fuel cell vehicles acquired through a novated lease below the luxury car tax threshold are exempt from Fringe Benefits Tax.
Best for: HR and payroll managers adding a novated leasing option to an employee benefits program, and employers already using ORIX for fleet leasing.
