If a Queensland Government employee wants to re-novate an existing lease, or establish a new novated lease from July 1, 2019, they can only use one of the novated leasing panel’s financiers for vehicle finance. This is to ensure greater security and transparency for employees. All employees are advised to seek independent financial advice prior to establishing a novated lease. Financial advisers and financial planners cannot arrange or provide finance, other than through a panel provider, from 1 July 2019 also. You can read more in the fact sheets below.
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