Australian Equipment Lessors Association (AELA) is the ‘peak professional body’ of the lease and equipment finance industry, with its mission being to represent and serve the interests of the equipment finance industry. The Association provides technical and legal information services to members, liaison and ‘lobby’ functions in respect of governmental / regulatory dealings, and it facilitates various education programs for members and their employees.
AELA’s members and associate members comprise banks, merchant banks, finance companies, vendor financiers, lease ‘packagers’, and equipment finance brokers via their specialised professional bodies such as The Commercial Asset Finance Brokers Association of Australia (CAFBA). While AELA is a separate body functioning with its own goals, it shares physical and staffing resources with The Australian Finance Conference.
Equipment finance in Australia facilitates 40 - 50% of national capital expenditure on plant and machinery, divided fairly equally between leasing vs other forms of equipment finance. AELA members handle about 95% of the leasing portion of these figures plus quite a high percentage of the non-lease equipment finance.