The Employee hereby enters into this Deed of Undertaking:

1. I undertake that I have read and understood the information provided by all parties regarding salary sacrifice for a Novated Lease, including but not limited to:
   
   
   1. The terms of, and my obligations under, the Lease.
   
   
   2. The terms of, and my obligations under, the Novated Lease.
   
   
   3. Any changes to the Novated Lease must be made in writing to the Employer.
   
   
   
   





2. I agree and acknowledge that due to my casual employment with the Employer, during periods when I am taking leave or not working, the Employer will continue to be obliged to pay monthly instalments to the Financier, but may not be able to deduct those amounts from my wage by way of salary sacrifice.
   



3. In the event that the Employer makes a monthly instalment payment to the Financier, but I am not being paid at that time due to approved leave:
   
   
   1. I acknowledge that I will owe a debt to the Employer for that monthly instalment (the "Debt").
   
   
   2. I undertake to repay that Debt as soon as possible to the Employer, and acknowledge the Novated Lease is not intended to cause the Employer to incur a debt on my behalf.
   
   
   3. I authorise the Employer to recover the Debt by full deduction from my next pay, or as otherwise agreed in writing.
   
   
   
   




4. If I wish to terminate the Novated Lease, or if my employment ends:
   
   
   1. If I am terminating the Novated Lease, I must submit a written request to the Employer at least 30 days prior to the intended termination date.
   
   
   2. If my employment ends, I undertake to promptly contact the Financier to arrange for the termination of the Lease and Novated Lease to prevent further payments by the Employer.
   
   
   3. Reconciliation of funds will be finalised, and any held balance will be either paid out or returned to payroll as determined by the Employer.
   
   
   4. If my employment ends before the full amount can be salary sacrificed, I undertake to repay any outstanding debt to the Employer as soon as possible.
   
   
   
   




5. If the Employer is required to recover any outstanding debt related to the Novated Lease, and that debt remains unpaid for more than 60 days:
   
   
   1. I will not file a defence to any legal proceedings brought by the Employer.
   
   
   2. The Employer may rely on this Undertaking in seeking repayment orders.
   
   
   3. I will be responsible for any legal costs the Employer incurs in pursuing the debt.
   
   
   
   




6. I agree and acknowledge that under the Novated Lease, the Employer does not indemnify me for any losses incurred as a result of the Lease or Novated Lease.
   



7. I undertake to:
   
   
   1. Reimburse Recruitment Hive for any Fringe Benefits Tax (FBT) liability or penalty arising from the Lease and/or Novated Lease.
   
   
   2. Indemnify the Employer against all direct or indirect losses and liabilities related to the Novated Lease entered into for my benefit.
   
   
   
   




8. I agree and acknowledge that:
   
   
   1. Any information provided by the Employer is not financial or taxation advice.
   
   
   2. I have not relied, and will not rely, on the Employer’s information as financial or taxation advice.
   
   
   3. The Employer has advised me to seek independent financial advice regarding the Lease and Novated Lease.
   
   
   4. If I incur additional tax or other costs related to the Lease or Novated Lease, they are my personal responsibility, and I will not hold the Employer liable.
   
   
   
   




9. By executing this Deed of Undertaking, I:
   
   
   1. Confirm that I have reviewed the Lease, the Novated Lease, and this Deed, and that the information is accurate.
   
   
   2. Authorize the Employer to implement the requested salary sacrifice arrangement in accordance with the Novated Lease and this Deed.