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Leasing

In 2001, the University of Newcastle combined with Macquarie Bank Limited to establish a leasing facility for information technology equipment.

On these pages, we have included information regarding the leasing facility and resources on relevant leasing procedures. Helpful resources and information we have developed include:

About the Leasing Facility
Lease Equipment
How to Lease Equipment
End of Lease Procedures

We have also included a Quick Guide and Frequently Asked Questions to assist you.

Background

The facility operates under a Master Agreement between Macquarie Bank and the University. This agreement provides the University with power of attorney to enter into a Standard Purchase Agreement with selected suppliers to source equipment.

In order to support the facility, the University has selected a number of contracted suppliers. These suppliers will partner Macquarie Bank and the University for the acquisition of < information technology equipment under the facility.

Administration

Contracts Management administers the leasing facility at The University of Newcastle. As part of this administrative role, we:

Liaise with all endorsed suppliers
Receive orders from faculties and divisions
Authorise orders for disbursement to supplier and Macquarie Bank
Arrange for payment of the quarterly invoice from Macquarie Bank
Arrange for the disbursement of quarterly leasing charges to each Cost Centre
Organise annual stocktakes
Maintain all records on asset online electronic management system
Liaise with faculties and divisions for return of equipment to Macquarie Bank at the end of the lease period

Acknowledgment: Content on our Leasing pages has been adapted from that used on the website of Monash University.