Equipment Finance Industry History in the making

In February 2008, two major state based finance industry associations merged to form the first national professional body representing Commercial Asset Finance Brokers.

The Australian Asset Finance Association Inc (AAFA) and Australian Equipment Finance Association Inc (AEFA) joined forces to create the Commercial Asset Finance Brokers Association of Australia Limited (CAFBA).

These two predecessor associations had been the peak Victorian and New South Wales bodies respectively, with their joint membership representing over 90 major equipment finance brokers. Member transacted finance transactions in 2007 approached $ 4.0 billion turnover on behalf of their clients, predominately for the purposes of financing the acquisition of plant, equipment and vehicles

CAFBA combines the activities of these two state based bodies to become one stronger unified national body, forming one platform and common approach for dealing with financiers and regulators at a national level.

Our Past History:

AAFA and AEFA were independently created in the early 1980's, each named The Australian Leasebrokers Association, and were divisions of their respective State Chamber of Commerce representing equipment finance brokers.

In the mid 1990's, both associations changed their names to better reflect the wider range of financial products that are now widely used in this industry. Importantly, both associations held memberships in, and participated with A.E.L.A. - the peak industry body of equipment finance principle lenders.

Both associations developed over time their own constitutions, codes of conduct, probity checks, professional educational programs, broker lender agreements, and a membership that represents the best equipment finance brokers in each state. Those values are now proudly carried forward via CAFBA.

Our Mission:

Membership in CAFBA assures potential borrowers and lenders that the broker involved has been accepted by his peers within the industry as suitably qualified by background and reputation so as to be elected to membership.

These high professional standards and the amalgamations of state based bodies to create one national body, render CAFBA able to provide meaningful industry self-regulation in the same positive ways as is demonstrated by the professional bodies of other skilled professions.