leaselab Terms of Service

TERMS & CONDITIONS

Please sign the attached quotation and return it to Us. Once We have accepted Your signed quotation, a binding agreement between leaselab ACN 635 559 269 (“leaselab, Us, We”), Novater Pty Ltd ACN 638 548 160 (“Novater”) and the person named in the attached quotation (“You, Your”) is formed subject to the terms and conditions contained herein.

QUOTATION

The quotation is based on the information as provided by You to Leaselab and is made subject to the tax laws and rates as applicable as at the date of the quotation. All costs and budgets provided are estimates based on the information You have provided and are given on a provisional basis only. Your actual lease costs may vary from the quotation, particularly taking into account such factors as Your actual vehicle usage, the actual expenses incurred, and fluctuations in the costs of goods & services. Leaselab will not be liable for any damage suffered by You due to a difference between this quotation and Your actual lease and operational expenses.

The supplied information is of a general nature only and must not be construed as financial or legal advice. Neither Leaselab nor any members or employees or related entities or organisations engaged by or acting on behalf of Leaselab undertake or assume any responsibility or liability in any way whatsoever or howsoever arising to any persons or company that relies upon or acts on any information contained herein.

By signing a quotation, You acknowledge that:

• Leaselab recommend that You seek independent financial advice for Your own personal financial situation, and You have been provided with ample opportunity to do so before entering into this lease. You have considered the appropriateness of the products quoted and entered into this agreement of Your own free will and based on Your own assessment of Your needs;

• Leaselab may engage Novater Pty Ltd and or other third parties for the salary packaging and fleet management of this lease and further acknowledge that salary packaging and fleet management fees may apply as applied by those third parties;

• Insurance premiums are subject to an underwriter’s annual review and may be subject to change;

• You are claiming the tax-free threshold;

• The vehicle does not have a carrying capacity over 1 tonne and that it can only carry fewer than 9 passengers;

• The running cost allocation is an estimate only based on the type of vehicle and assumed annual kilometres and that actual costs may be higher than estimated; and

• Leaselab is not responsible for the delivery of this vehicle.

VEHICLE ORDERING

In the instance that Leaselab agree to order a vehicle on Your behalf, this quotation, once signed by You, becomes a binding agreement subject to the following provisions and You acknowledge that:

• All vehicle and personal details shown in the signed quotation are correct;

• You irrevocably consent to Leaselab ordering the vehicle, details of which are set out in the accompanying signed quotation;

• You will take delivery of the vehicle (or such other vehicle as may be arranged by You and Leaselab after the date of this agreement);

• You will enter into a lease agreement for the vehicle on the same or similar terms as previously disclosed to You (except as may be amended with your consent) in accordance with the key terms of the accompanying signed quotation;

• If You fail to enter into a lease agreement relating to this quote within 7 days of a request to do so, You will pay to Leaselab immediately on demand 15% of the vehicle purchase price including all options and extras set out in the accompanying signed quotation (“The Cancellation Fee”). You acknowledge and agree that Your order will be cancelled and that, other than for the alternative provided below, You will have no further rights arising from the agreement and/or relating to the vehicle. You acknowledge the Cancellation Fee is a fair and reasonable pre-estimate of the damages which will be suffered by Leaselab and agree to pay the same as liquidated damages intended to compensate the motor vehicle dealer and Leaselab for the cancellation of Your order. Alternatively You may elect in writing, within 7 days of the date of cancellation by Leaselab, to purchase the vehicle outright from the motor vehicle dealer for the full purchase price plus all associated charges, expenses, taxes and duties and upon payment and delivery of the vehicle You will have no further rights arising from this agreement;

• The quoted vehicle price and specification reflects the discount levels and stock available to Leaselab at the date of the quotation. The price or specification of vehicles available to Leaselab may have varied between the date of the quotation and the date of Your acceptance. Before providing Your acceptance to the quote, You are required to confirm with Leaselab that the vehicle price and specification remains the same. Leaselab is entitled to assume that Your acceptance of the quote includes Your acceptance of any change in vehicle price or specification that may reasonably have occurred. After receiving Your signed quotation, but before ordering the vehicle, Leaselab may withdraw from this agreement if it is unable to provide the vehicle at or near the quoted price and specification. Leaselab will not be liable for any loss or damage that You may have suffered as a result of such a change in vehicle price or specification or Leaselab’s withdrawal from this agreement;

• Leaselab is not responsible for the delivery of this vehicle.

Fleet Management

Upon signing of this quotation, You give Novater authority to set up and manage accounts with Novater and any relevant third-party supplier on Your behalf relating to Your novated lease using the information contained in this quotation and/or provided to Novater from time to time.

You give Novater authority to receive the amounts specified in this quotation (or as updated from time to time) from Your employer on Your behalf. You give Novater authority to hold these monies for the duration of Your lease and to manage and distribute these funds on Your behalf in accordance with the attached quotation or other instruction received from You from time to time.

You may request a report in relation to the funds held by Novater on Your behalf from Novater throughout the course of Your lease. Novater will provide You a report (“Account Report”) which will state Your account balance as at the date of the report and details the transactions made on Your account. While Novater will take all reasonable steps to ensure that all transactions undertaken on Your account up to 4 days prior to the date of the report are included in the report and that the report is accurate as of that date, we do not provide a guarantee that the Account Report is indeed accurate. If You believe there is an error in any Account Report provided to You, it is Your responsibility to report this error to Novater in a timely manner. If we do not hear from You within seven days of sending You a report, we are entitled to assume that the information and transactions stated in the report are indeed accurate.

If You believe any fraudulent behaviour in relation to Your account has occurred or is reasonably likely to occur, it is Your responsibility to report this to Novater as soon as You become aware of the issue or should reasonably have become aware of the issue. While Novater takes reasonable steps to guard against fraudulent transactions on Your account, Novater cannot be held liable for any fraudulent behaviour that occurs in relation to Your account committed by any person other than a member of Novater staff.

If Your overall account balance goes into deficit, Novater may at its option, refuse to extend credit to You and cease distributing funds and/or paying lease and running costs on your behalf until such time as the deficit is addressed. Novater may inform Your financier that Your account balance is in deficit and may refrain from making any payments to the financier on Your behalf.

If Novater reasonably believes that Your account will not return to a positive balance and/or will continue to fluctuate between positive and negative balances, Novater may close Your account and invoice You for any outstanding amounts. In such an occurrence, it will be Your responsibility to pay Your lease and operating costs.

At the completion of Your lease Novater will either return any account balance to You or Your employer in pre-tax form; or transfer that account balance to any other account You may hold with us. If an account balance is returned to You, this account balance will be in pre-tax form, meaning that income tax or other taxes or duties may be payable on this amount. It is Your responsibility to ensure that You have correctly declared this money to the Australian Taxation Office and/or any other relevant authority. Novater cannot be held liable for any tax or other amounts payable.

Novater does not provide financial, taxation or legal advice. It is Your responsibility to seek independent advice in all matters. Neither Novater nor any members or employees or related entities or organisations engaged by or acting on behalf of Novater undertake or assume any responsibility or liability in any way whatsoever or howsoever arising to any persons that relies upon or acts on any information provided by Novater.

Information Disclaimer

The information contained on this website is general information only and has been prepared without consideration of your personal circumstances. Leaselab does not provide you with any form of financial, taxation or financial product advice on the relative merits of salary packaging or novated leasing or on any other basis. You should seek your own independent professional advice before making a decision with respect to salary packaging or novated leasing.

While all reasonable care has been taken in producing this information, do not warrant the accuracy or completeness of this information and will not be liable for, or in connection with, any loss or damage suffered as a result of any inaccuracies, errors or omissions or your reliance on this information.

Subsequent changes to content on this site may occur at any time and may impact on the accuracy of the information.

All examples as provided on this website are for illustrative purposes only and have been prepared without consideration of your personal circumstances. Some of the listed products attract Fringe Benefits Tax (FBT).

The supply of salary packaging and novated leasing services is subject to the leaselab terms and conditions, the employer's Salary Packaging Policy and, where applicable, finance approval (available on application) and conditions and merchant acceptance. Fee and charges apply.

In all examples PAYG tax rates effective 1 July 2019 have been used, and Fees and Charges are excluded. Tax, benefit & Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.

We have provided links to other sites that may be of interest to you. Leaselab Ltd does not endorse or recommend any product or service provided by any of the companies for which links are provided.

Intellectual Property

Leaselab (or its related bodies corporate) is the registered or common law owner of the following trademarks and all associated intellectual property rights: My Car Company, My Car Co, leaselab and Novater

No copying, modification or distribution of this mark is permitted without the prior consent of leaselab. Nothing on this website may be construed as granting to any user any licence whatsoever with respect to the intellectual property appearing on this website.

Leaselab makes no representations or warranties that the use of this website or the information contained herein will not infringe any person's intellectual property rights.

Important Notice

Some information on taxation matters may be provided to illustrate possible advantages, but is of a general nature only. You should seek your own independent professional advice on how packaging programs may impact your particular financial, taxation and welfare benefit circumstances.

Taxation laws regarding the treatment of salary benefits may change, which could adversely impact your financial, taxation or welfare benefit decisions.

Leaselab may receive commissions or rebates in connection with some services it provides (or arranges to be provided) by third parties.

By appointing and utilising leaselab’s services, you consent to its receipt of such commissions and rebates.

Using the Website

This website is operated by, and on behalf of, leaselab.

The information contained on this website is subject to change without notice and we recommend that you contact us directly before acting on the information supplied on this site.

The information and products on this site are directed at and available to Australian residents only, unless expressly stated otherwise.

While leaselab provides this information in good faith it accepts no responsibility for the accuracy, completeness or timeliness of the information.

You can access our home page and browse our website without disclosing your personal information.

Leaselab has implemented a number of security measures to secure information that potential and actual customers have provided to us via our website. However, the website is linked to the Internet which is inherently insecure. Accordingly, leaselab cannot provide any definitive assurance regarding security of the information. So while we strive to protect such information, we cannot ensure or warrant the security of any information you transmit to us and you do so at your own risk. To the extent permitted by law, leaselab will not be liable in any way in relation to any breach of security or unintended loss or disclosure of information due to the site being linked to the Internet.

Similarly, leaselab accepts no responsibility for the unauthorized use of passwords, user ID's or any other security mechanism provided to you, other than unauthorized use by leaselab staff.

Cookies

This website does not use persistent cookies. Sections of this website do use per-session cookies to make using this website an easy experience. Per-session cookies collect anonymous information about your Internet use, including your habits when accessing the leaselab website and any information provided when using the website to enquire about products or services offered, or any other customer activity. It will generally depend on your web browser and settings as to whether these cookies are stored permanently on your computer, but usually per-session cookies are only stored in memory and are deleted upon leaving this website. You can prevent this collection of information by setting your browser to not accept cookies. This will not prevent you from accessing the site, however it may prevent you from utilizing all features of the site.

Website Links

This website may from time to time contain links to other websites or information not under the control of leaselab. These links and information are provided with the intention that you may obtain more information about the products and services offered in the market, and as such, leaselab accepts no responsibility for the content of these links or the accuracy of the information they provide.

It is therefore recommended that you make your own enquiries in relation to any third party information.

By providing these links to external websites and information, leaselab is not authorizing the reproduction of any of the material contained in these links, as it may be the subject of intellectual property rights.

Warranties and Representations

leaselab, its directors, employees and consultants believe that the information contained in this website and/or any links and attachments is correct and that any calculations, estimates, conclusions or recommendations contained in this website are reasonably held or made as at the time of compilation. However, no warranty is made as to the accuracy or reliability of any information, calculations, estimates, conclusions or recommendations contained in this website and, to the maximum extent permitted by law, leaselab disclaims all liability and responsibility for any direct or indirect loss or damage which may be suffered by any person or persons through relying on anything contained in or omitted from this website.

The information on this website is of a general nature only. Before making any decisions involving these products or services we recommend you obtain independent qualified professional advice about the suitability of the products or services to your particular situation.

Privacy

Leaselab is committed to providing quality advice, products and services in an environment that protects your privacy. Please read our Privacy Policy (available online) to see how we treat your personal information in our business. If you have any questions or concerns, please do not hesitate to contact us.

Complaints

Leaselab is committed to providing quality customer service and satisfaction. If you have any complaints regarding our website or its contents, please contact us immediately.