Australia's asset-based finance and leasing industry is a dynamic part of the country's financing market with equipment leasing facilitating approximately 40 per cent of the nation's equipment capital expenditure.

The market has attracted a range of global and domestic competitors offering the full range of products including asset-backed debt financing, operating and finance leases, vendor finance and structured finance for large assets such as aircraft and industrial equipment.

Global competitors in this market include non-bank finance companies such as GE Commercial Finance and CIT Financial, as well as the large corporate banks and manufacturers' captive finance companies.