The Australian Equipment Lessors Association "AELA" was formed in 1986 to represent the interests of all Banks and Financiers participating within the equipment finance industry in Australia as principal lenders.
ASF is a full member of AELA. Our executives, consultants and advisors have been associated with AELA since the 1980's and include several past Council members. Our CEO is a past AELA Chairman and ongoing long term Council member reflecting ASF's standing within this specialised body and the broader banking and finance industry.
AELA's 100 members now encompass over 95% of all asset finance activity undertaken within Australia estimated at approximately A$35 - $40 Billion annually post GFC (2008-09) with total receivables now estimated to exceed A$120 Billion.
AELA was born out of a perceived need by Lessors for an association which could address their specific finance product issues separate from broader financial institutional concerns. Its principal objective is to provide a forum, focus and lobby group for all matters affecting the lease and equipment finance industry, its regulatory framework, legal, taxation, accounting and market structure.
Membership is on a corporate rather than personal level and is open to lease market participants having a minimum of $20 million net lease receivables in their own name or having a minimum of $200 million net lease receivables under their professional management.
In general, AELA members comprise banks, finance companies, merchant banks, general financiers, equipment vendor lessors and lease packagers; Associate members include major legal, accounting and actuarial firms; support system suppliers with an interest in lease and equipment finance products; other industry associations including National and State based Finance Broker bodies.
For further information, refer to www.aela.asn.au
Annual reports
- Download AELA's 2008 Annual Report (PDF)
Affiliated bodies
AELA in turn engages with its sister organisations and associations on matters relating to accounting, legal, taxation, structure and product development - primarily through its Directorate and highly experienced Council members - who generally represent their Financial organisations at Board or Divisional Head level.
Major overseas bodies include:
Europe:
USA & Canada:
Latin America:
Asia:
