Asset Leasing
IBA offers leasing services to Indigenous individuals, partnerships or organisations to assist in the establishment, consolidation or expansion of commercially viable businesses.
IBA is trustee for the Asset Leasing Trust (ALT) and the Indigenous Economic Development Trust (IEDTrust), which provide the leasing, purchasing and management of assets that support Indigenous economic development.
Operating leases (rental agreements) are available for eligible Indigenous Australians on assets such as property, vehicles, machinery, plant and equipment that are specifically for business use.
Benefits of an operating lease include:
- commercially competitive interest rates
- payments that are fixed for the term of the lease
- payments may be fully tax deductible
- monthly direct debit facilities which allow easy payment processing
- no application fee.
End of lease term options include:
- returning the asset without obligation or further payment
- continuing to rent the asset for an extended term
- upgrading to a new asset
- making an offer to purchase the asset
Leasing provides an attractive alternative to buying as it requires less capital outlay to commence achieving business objectives. However, leasing does not suit all circumstances, and prior to entering into any legal contract, clients should seek professional advice.
Check our Asset Leasing Register for a list of pre-owned assets or property currently available.
For more information
For any further information please contact our Assets Officer, Jason Varlet by email (new window) or phone (02) 6121 2712.