Fleet Management Glossary

LBM Fleet’s fleet management and telematics glossary will help you understand common terms used in the industry.

What is a CO2 emissions report?

In fleet, a CO2 emissions report is a report on your vehicle’s CO2 production based on their usage.

What is a consequence framework?

A consequence framework is a structure set up by organisations around key data points that employees are required to comply with. This helps organisations proactively manage their compliance and risk obligations within their policy framework. Generally, these frameworks can be set up to trigger automated workflows based on predefined rules and thresholds.

What is days unavailable?

Days unavailable are days an employee declares that their company owned vehicle was unavailable for private use.

What is a driver ID?

A Driver ID is the capability to identify the driver of a vehicle and link it to a fleet management platform so specific data can be easily identified and linked to the driver.

What is a FBT parking register?

A FBT parking register is a register of a business’ FBT liabilities related to employee car parking benefits. This register can help keep track of which employees used an eligible parking spot and on what days and times to determine availability for exemption.

What is fleet management software?

Fleet management software is designed specifically to provide users with relevant fleet data and information. It enables fleet teams within organisations to run their fleets more efficiently, safe, and sustainable, while giving them visibility over how their fleet is being used.

What is fringe benefits tax?

Fringe benefits tax (FBT) is a tax payable by employers on specific benefits provided to employees. Separate from income tax, there are several benefits considered a fringe benefit including personal use of work vehicles, car parking and tolls.

What are fuel tax credits?

Fuel tax credits are a refund of the fuel excise available to businesses where the fuel usage did not relate to a government maintained road.

What is a geofence?

A geofence is a virtual boundary set up around a geographical location. For fleets, geofences can be used to identify certain data points within or outside of the zone for enabling functionality such as fuel tax credits, asset security, private road use, unique speed limits, location awareness, restricted driving zones and more.

What is a grey fleet?

A grey fleet refers to vehicles that are used for work purposes that are owned or managed by an employee, not an employer.

What is an integrated pool booking system?

An integrated pool booking system is a booking system that integrates, or links, with other relevant data such as trips, driver safety and more. By linking your booking system to trips, you can understand how your fleet is actually being used. An integrated system can tell you who is driving, how long the vehicle is used for, where the vehicle is and whether usage complies with company policy.

What is an IVMS?

IVMS stands for in-vehicle monitoring system. An in-vehicle monitor system refers to various electronic devices that are installed in vehicles to monitor and record vehicle information and driver behaviour.

What is a RightSize fleet?

A RightSize fleet is the optimal number of vehicles and assets you need to satisfy your operational needs.

What is telematics?

Telematics is a means of collecting vehicle data that uses global positioning system (GPS) tracking information and/or on-board diagnostics (OBD) data. Telematics is an essential part of your fleet management solution. It can help automate many processes, capture accurate information, and centralise your fleet data.