The Facility enables agencies to obtain operating lease finance for the following categories of equipment:
- Personal Computers and other IT equipment;
- Photocopiers and other electronic office equipment; and
- Other equipment (to be agreed by Treasury on a case by case basis).
Inner-Budget agencies are reminded that the Facility must be used for all new leasing arrangements for the above categories of equipment.
Inner-Budget agencies must comply with Treasurer's Instruction 502 when entering into a leasing arrangement. Operating leases entered into must be for the value of the new equipment cost only and not used for the purpose of obtaining additional finance to fund previous lease buy outs. Leases of this nature will not satisfy the Accounting Standard AS117 and are not condoned by the contractors.