Daily Bulletin


Business News

  • Written by NewsCo

The term used for vehicles that don't belong to a company but are, however, used for business travel. It may include such vehicles that are bought via employee ownership schemes, privately rented vehicles, or those that are owned by employees. When driven for business, frequently in return for a cash allowance or the cost of fuel, such vehicles are considered to be "grey fleet" and thus fall under the umbrella responsibility of the employer. 


Since grey fleet vehicles aren't in ownership of the company, the fleet managers are faced with a complicated set of issues when it comes to dealing with the safety of the fleet. For starters, employees may have already established their service policies and insurance, but their vehicles aren't covered under these policies for company travel. 


Everything You Need To Know In Regards To Fleet Management


Fleet management is the term used for managing the fleet and all of the asset details from start to finish. This allows businesses to reduce their costs and improve their efficiency and it also ensures compliance across the fleet. 


Managing the commercial vehicle pool can be quite a challenge. Add this challenge to the external influences and fleet managers have little control over such things as legislation, the uncertainty of the market, and costs. It can quickly become challenging. 


What's The Purpose Of Fleet Management?


If your business is using such vehicles for commercial reasons, you'll want some kind of professional fleet data management. The goal of the operation will be controlling the lifecycle of commercial vehicles as well as the reduced associated risk and improving the efficiency. This will help to increase productivity and ensure compliance with legislation. Employee vehicles that are used for work should also be included in the process. 


Legal Obligation


Employers must ensure that vehicles that are used for company business regardless of who owns them, are safe and appropriate for such use. This includes tax and insurance. 


All In The Detail


Business insurance isn't normally included with a car insurance policy unless it is specifically requested. It's the driver's responsibility to have the proper insurance policy, the employer needs to check out the certificate of insurance and ensure that all of the business miles are covered. 


Time To Enforce


Grey fleet mileage reimbursement rates are frequently higher than that of alternative modes of mileage claims and travel. At best, their estimate or worse, exaggerated. 


Environmental Impact


Grey fleet vehicles are typically older than those of a company-owned fleet. Grey fleet can often contribute to the bulk of the transport CO2 emissions in many organisations. By tackling grey fleet vehicles, it can greatly reduce organisations carbon footprints and it can contribute toward reaching their CO2 target. 


Change Perception


It's important to consider alternative methods to grey fleet business travel such as phone or video conferencing, car rentals, car leasing, car clubs, fleet management, or public transportation. It's important to encourage employees to consider such alternatives and not to assume that driving is always the answer. 


Manage The Vehicles As If They Were Company Owned


Documenting and storing the data for vehicles is tantamount to the management of the grey fleet. This includes the registration details, the age of the vehicle, and proper insurance. Storing the data and helping to have regular vehicle checks will help to keep the audit trail open and the entire fleet compliant. This is the first step in resolving the issues that are grey fleet-related. 

Writers Wanted

Diverse spokespeople and humour: how the government's next ad campaign could boost COVID vaccine uptake

arrow_forward

Let's talk about what each uni does, but don't make it a choice between teaching or research

arrow_forward

The Advantages Of Using Betting Apps in Australia

arrow_forward

Boom in Aussies buying up restaurants, pubs, hotels and bars in regional centres

With international borders closed, regional Australia is seeing a dramatic surge in popularity as people move out of the cities and into their quaint communities. City slickers are looking for new...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

5 Signs Your Business Needs Onboarding Software

Onboarding software is the technology that automates a smooth transition for new hires from before the interview to the first day on the job. High-quality onboarding platforms feature a digital da...

Onboarded - avatar Onboarded

What Is COVID 19 Risk Assessment for Vulnerable Workers and Why Your Business Needs it

During the height of the COVID-19 pandemic, governments strongly advised people to just stay at home as a critical effort to stop the spread of the virus. This led to many businesses temporarily s...

NewsServices.com - avatar NewsServices.com

Where Does Australia Stand in the Global Green Energy Transition?

Renewable energy sources seem to be the solution for a less polluted environment, but the transition from fossil fuel is not that easy to make. After all, we still have entire industries that base...

NewsServices.com - avatar NewsServices.com

Elegant Media honoured as a Deloitte APAC Technology Fast 500 Winner

Elegant Media has been awarded a place in the prized 2021 Deloitte APAC Technology Fast 500TM. This recognition stands as a testament to Elegant Media’s dedication and success in producing outstandi...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

Seeking Funding for Your Business Development and Growth

When you are looking to fund your business's growth and development, it can be difficult knowing what to ask for and what process to undertake. There are many funding options available to business...

NewsCo - avatar NewsCo


The Conversation
INTERWEBS DIGITAL AGENCY

Politics

Prime Minister interview with Karl Stefanovic and Allison Langdon

Karl Stefanovic: PM, good morning to you. Do you have blood on your hands?   PRIME MINISTER: No, it's obviously absurd. What we're doing here is we've got a temporary pause in place because we'v...

Karl Stefanovic and Allison Langdon - avatar Karl Stefanovic and Allison Langdon

Prime Minister Scott Morrison delivered Keynote Address at AFR Business Summit

Well, thank you all for the opportunity to come and be with you here today. Can I also acknowledge the Gadigal people, the Eora Nation, the elders past and present and future. Can I also acknowled...

Scott Morrison - avatar Scott Morrison

Morrison Government commits record $9B to social security safety net

The Morrison Government is enhancing our social security safety net by increasing support for unemployed Australians while strengthening their obligations to search for work.   From March the ...

Scott Morrison - avatar Scott Morrison