Before proceeding with an ORIX Novated Lease, please ensure that:

• your employer has a Fleet Agreement with ORIX;
• you have obtained the appropriate approvals from your employer for you to arrange a novated lease in exchange for salary sacrifice on your part;;
• you have decided which vehicle or vehicle type you would prefer and have selected the options or accessories you require;
• you know how many kilometres you will travel each year;
• you have selected a lease duration (i.e. Lease Term); and
• you have selected a preferred lease type, i.e. Novated Operating Lease or Novated Finance Lease. Please see your employer's vehicle policy.

Please contact ORIX on 1300 363 993 to discuss your requirements. ORIX will then provide a quotation for your selected vehicle. Alternatively, complete and forward the on-line quotation request form available in the Customer Centre.

Depending on your vehicle selection, vehicle delivery times might be up to three months; therefore you should commence the process as soon as possible.

Generally ORIX does not impose any restrictions. However, some employers have policies that specify certain types of company vehicles.

ORIX will consider providing Novated Leases for second hand vehicles from reputable dealers. However, at the end of the lease the vehicle should be no older than seven years (Conditions apply, please contact ORIX on 1300 363 993 for details). Your employer's company vehicle policy must also permit second hand vehicles.

Yes, you may source your own vehicle quotation within ORIX's preferred dealer network. Please use the Supplier Search, located in the Customer Centre., to find your nearest ORIX preferred dealers.

Lease terms range from 12 to 60 months. Terms for used vehicles will be determined by the age and kilometres travelled.

ORIX sets residual values for Novated Finance Leases with full regard to relevant rulings by the Australian Taxation Office. The following table identifies the depreciation bands, as stipulated by the Australian Taxation Office (correct as at 1 January 2004), applicable to the corresponding lease terms.

When you have selected a vehicle, we will recommend an appropriate residual value for that vehicle depending on expected usage. If you are uncertain about how these arrangements will affect your position, ORIX recommends that you obtain independent financial advice.

During the lease term, your employer is responsible for the calculation and payment of Fringe Benefits Tax (FBT). You employer's FBT liability for your lease may be passed on to you and incorporated into your salary package. ORIX can provide you with an estimate of the FBT applicable to your lease using the statutory cost method. The following table identifies the statutory cost percentage bands, as stipulated by the Australian Tax Office (correct as at 1 January 2004), applicable to the corresponding annual kilometres travelled:

Please note actual kilometres travelled will determine the statutory percentage applicable to the FBT calculation. If you are uncertain about how these arrangements will affect your position, ORIX recommends you speak to your employer and obtain independent financial advice.

ORIX handles personal information according to a Privacy Policy that is consistent with the National Privacy Principles. With your credit application, you will also be asked to complete a Privacy Act Acknowledgement, Authority and Agreement so ORIX can access personal information about you and, if it proceeds, manage the Novated Lease.

You will receive an ORIX Novated Lease Driver's Manual which lists national ORIX approved repairers for maintenance and other services, along with instructions on what to do in the event of an accident.

Yes, we offer you the choice of our comprehensive insurance underwritten by Lumley General Insurance or your own insurer.

If you choose a comprehensive insurance policy from ORIX, your premium is fixed for the term of your lease. There is no need to worry about annual renewals or increases, just one premium fixed until your lease terminates. With ORIX's comprehensive insurance you will also enjoy no claim bonus protection, personal property coverage and no excess on windscreen claims. For further information about comprehensive insurance with ORIX please contact us, or to request a quote, please visit the Novated Lease Calculator.

If you choose your own insurer, you will need to provide evidence of insurance before the vehicle is delivered to you and you will be responsible for ensuring the vehicle is kept insured throughout the Lease Term or any extension thereof. Therefore, you must ensure insurance premiums are paid as they fall due. Please also ensure that the insurance policy has ORIX's and your employer's interests noted and that you are covered for any business travel.

If you choose ORIX's comprehensive insurance, your policy is automatically renewed. If you choose another insurer you will be responsible for ensuring insurance cover is renewed and that evidence of renewal is provided to ORIX before the expiry date. Reimbursement for the insurance premium is available from ORIX on proof of payment.

You will be responsible for ensuring the vehicle is kept registered throughout the Lease Term or any extension thereof. Therefore, you must ensure registration renewals are paid as they fall due. Where registration is included in your lease, ORIX can assist with the payment of your registration renewal; please contact ORIX on 1300 363 993 for assistance.

If you pay the registration renewal yourself, reimbursement is available from ORIX on proof of payment.

Once your contract has commenced it will not be possible to add vehicle options. If you choose to add accessories to the vehicle, that will need to be done at your expense with payment up front. It is therefore important that you consider all options and accessories prior to requesting a Novated Lease quotation.

At the end of the Lease you will also be required to cover the cost of repairing any damage caused by their removal from the vehicle.

ORIX provides monthly statements detailing actual versus budgeted expenditure including FBT tracking and projection. This allows you to review your nominated usage against any FBT liability.

If you take any period of extended leave or unpaid leave before the novated lease expires, you and your employer will need to decide what is to happen about the salary sacrifice that has been negotiated. If your employer decides to repudiate the novated lease, as provided for under the novation agreement, ORIX will send you a notice of termination and, thereupon, you will be personally responsible for all future lease rentals plus GST and duty. However, you will not be entitled to an Input Tax Credit for the GST and you will also not be entitled to claim lease rentals and GST as a tax deduction.

Yes, provided your new employer has an ORIX Fleet Agreement and is agreeable to you arranging a novated lease in exchange for salary sacrifice.

Before the end of your lease, ORIX will contact you to find out what you want to do about the vehicle and, without commitment, any offer you make at that time to re-lease or purchase the vehicle will be considered.