Australian Equipment Lessors Association
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Lease and Equipment Finance Statistics


The statistics and graphs used in this Review are taken from a range of Reserve Bank of Australia and Australian Bureau of Statistics publications. Regular up-dates can be found in the AELA General Equipment and Motor Finance Reports.

While in general the then existing statistical sources provided a useful and accurate description of lease and equipment finance market developments there were a number of areas (involving industry sector of lessee, type of equipment leased and detail of financing product), which were deficient. In 1989 therefore AELA proposed appropriate amendments to the collections to overcome these shortcomings.
Discussions with the Bureau of Statistics on these formats resulted in the commencement from July 1991 of a more detailed analysis particularly on Operating Leases, and this data continues to be utilised in this Review. More recently the fee-for-service philosophy inherent in the expanded series was applied to the previous statistics, with AELA agreeing to contribute towards the maintenance of the continued monthly series so as to preserve the economic and market utility of the data that that frequency provides.

AELA also provides Early Indicator statistics for members. Participating companies provide a breakdown of their lease and equipment finance business within five working days after the close of the month; these are then aggregated, with the objective of providing the information to members on the sixth working day. This compares with an elapsed time of some two months for other statistics.
In recent times there has been some discrepancy between the ABS statistics and the Early Indicator series. AELA has been attempting to clarify this discrepancy, as we believe the ABS statistics have been understating equipment finance activity. Although a greater correlation appeared to be emerging, AELA is still not confident that the ABS statistics are capturing all equipment finance activity. This issue is discussed in further detail in the earlier section on Current Activity and Prospects.