About equipment operating leases


An operating lease is an agreement between you and the Bank to rent equipment for use for a fixed period. At the end of the lease, simply return the equipment to the bank (subject to return conditions), without the liability of a residual value.

Features include:

  • Most depreciable assets can be financed
  • Terms range from two to five years
  • $10,000 minimum operating lease amount
  • Repayments fixed for contract term 


  • Provides 100 per cent of funds, allowing you to preserve your working capital
  • Provides access to the latest equipment and technology without associated ownership risks
  • Guards against obsolete equipment and offers the flexibility to respond to changing market demands
  • Lease rental payments may be off balance sheet, providing scope to improve business performance ratios (e.g., return on assets)
  • Rental payments may be tax deductible if you use the asset to generate income
  • May be able to claim input tax credit for rental and other charges that are subject to GST 

Related products

Car novated lease

An arrangement between an employer and the Bank for financing a car within an employee’s salary package. 

Learn more

Important information

As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. Applications are subject to the Bank’s normal credit approval. Fees and charges are payable.