Plant Hire and Leasing

   Page tools: RSS Feed RSS Bookmark and Share Search this Product

    NAME OF ORGANISATION
    Australian Bureau of Statistics (ABS)

    OVERVIEW

    The survey includes all non-government TAUs or ABNs classified to the Australian and New Zealand Standard Industrial Classification (ANZSIC) 7743 (Plant and equipment hiring or leasing). In addition to the above scope, this survey will also include employing crane hire which is usually done with an operator (wet hire) and thus is usually out of scope. They are included in order to present a more complete user view of the hire activities as external clients regard these types of businesses as part of the overall Plant and Equipment hire and leasing activity.

      The major external organisation interested in this survey is the Australian Hire and Rental Industry Association. The association showed very strong interest in results of the 1999-00 survey as it was the first time that they were able to garner any benchmark information for their industry. ABS data for this industry has been used in many ways such as:
        • Guidelines for entry, new tax depreciation rules (extending the depreciable life of equipment), and indemnity insurance
        • ACCC hearings in considering takeovers/mergers in the industry;
        • Financial leasing companies making lending decisions to hiring businesses,
        • Analysis of the industry by corporate and industry analysts,
        • Studying the income and expense profile of the industry by small businesses either in the industry or about to enter the industry.

      The main internal demand for this survey is from the National Accounts Branch (NAB) who have a strong interest in the conduct of this survey as there is very little information available on the structure of this industry elsewhere. The outputs from this collection are required within NAB generally for subsidiary purposes, and more specifically in measuring the domestic supply of particular products which are used in deriving supply/use benchmarks.

      The Plant and Equipment survey is one of three hire industries been surveyed (including Motor Vehicle and Personal and Household hire) that are part of an annual program of surveys targeting the Services Sector of the economy.

      PURPOSE

      The main purpose of this collections is to provide data in response to user needs for size and structure information (mainly financial and employment) on a regular basis, as well as selected activity measures of interest to external clients. It also provides data which feeds into Input/Output tables and for annual bench marking of economic activity by National accounts.

      SCOPE
      The scope of the survey is all employing units on the Australian Business Register who were classified to ANZSIC 7743, plant and equipment hiring or leasing. This class consisted of employing untis mainly engaged in leasing of machinery, plant and equipment (except transport equipment) without operators, from stock physically held for that purpose. The scope was also extended to include businesses that generated income from the hriing/leasing of cranes with operators not classified to this ANZSIC class.

      DATA DETAIL

      Conceptual framework
      n/a

      Main outputs

      The 2002-03 Hire Industries Publication will be produced from this industry survey and the previously mentioned two other industry ANZSICs. The publication will contain the following tables at the Australian level;

      • Sources of income split by type of good hired and other income sources;
      • Items of expenditure;
      • Length of hire;
      • Characteristics of employment;
      • Various ratios such as % of total income, wages and expenses by employment size;
      • Other selected ratios by employment size;
      • Distribution of businesses by margin of operating profit or loss;
      • Type of client who hired the good;
      • Value of hire assets;
      • Levels of public liability insurance and number of claims.

      Table at the State level will include;
      • Number of businesses and locations;
      • Employment;
      • Wages;
      • Income.

      Classifications

      ANZSIC
      According to the Australian and New Zealand Standard Industrial Classification (ANZSIC) (1292.0), each business unit is classified to a single industry. The industry allocated is based on an estimate expenditure on the primary activity of the TAU or ABN unit irrespective of whether a range of activities or a single activity is undertaken by the unit. For example, a TAU which expends most of its financial resources on hire/leasing of plant would have all operations included in the aggregates and ratios for the Plant hire and leasing industry, even if significant secondary activities (e.g. transport) were undertaken.

      ANZSIC has been used to classify TAUs units included in this survey. Statistics in publications are generally presented at the ANZSIC Class level.

      ANZSPC
      The Australian and New Zealand Standard Product Classification has been used to provide a basis for recompiling basic product statistics from their original classifications into a standard classification for analytical use. All product components have been mapped to ANZSPC.

      Other concepts (summary)
      Not applicable

      GEOGRAPHIC DETAIL
      Australia
      New South Wales
      Victoria
      Queensland
      South Australia
      Western Australia
      Tasmania
      Northern Territory
      ACT

      Comments and/or Other Regions
      Not applicable

      COLLECTION FREQUENCY
      Adhoc

      Frequency comments


      COLLECTION HISTORY
      Plant and equipment hire (7743)
      1999-00

      DATA AVAILABILITY
      Yes

      Data availability comments



      DATE OF LAST UPDATE FOR THIS DOCUMENT
      16/09/2004 12:55 PM