Associate Lease Agreement

When to Use this Agreement

An Associate Lease may form part of a salary package (or ‘salary sacrifice’) – a popular method for tax minimisation.

The Associate Lease includes three parties: an employee, an associate of the employee and the employer. In this situation the associate (often a family member , spouse or family company) is the owner of a motor vehicle, which is to be leased to the employer who will then provide the vehicle to the employee as a company vehicle, and be responsible for its maintenance as such.

Implementing the Associate Lease allows the arrangement to be recognised by the tax office as an employer-provided benefit under the Fringe Benefits and Income Tax Assessment Acts.

Associate Lease Agreement - Immediate Download	$89.95

The Contract includes the following provisions -

• Parties
• Motor vehicle
• Term
• Maintenance Costs
• Insurance
• Events Consituting Lessee's Default
• Termination
• Notices
• Applicable law

Excerpt

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