Payroll ‘ Can cars provided under novated lease financing arrangements be excluded fringe benefits for FBT reporting purpose?

Where an employee is provided with a car as part of their salary package, and the car is provided by way of novated lease arrangement, can the car be provided to another employee for private use at the employer’s direction so as to be a ‘pooled’ car?

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Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.