LOIS is purpose-built lease accounting and management software for Australian mining, energy, and resources companies - handling AASB 16 compliance, fleet bulk uploads, and audit-ready reporting in one platform.
Mining and energy companies manage some of the most complex lease portfolios in any industry - heavy equipment fleets, remote site infrastructure, mobile assets, and corporate property all on a single balance sheet under AASB 16. LOIS was built to handle exactly this complexity, and currently manages over AUD 54 billion in leased assets for clients in resources, energy, and related sectors.
The platform brings lease accounting, fleet management, and property management together in a single, unified system - so finance teams at mining and energy companies get full AASB 16 compliance, automated bulk fleet uploads, complete audit trails, and a single source of truth across every asset class. Updated April 2026.
Mining and energy lease portfolios are more complex than any general-purpose tool or spreadsheet can reliably manage. These five challenges come up consistently when talking to finance teams at mining and energy operators dealing with large, multi-jurisdictional portfolios under AASB 16.
Mining and energy operators lease fleets of hundreds or thousands of items - drills, trucks, excavators, light vehicles, and mobile equipment - from multiple providers who each use different data formats. Reformatting and loading that data manually every month is a significant operational risk and a drain on finance team time.
Resources leases commonly include CPI escalation clauses, market rent reviews, and price adjustments tied to commodity indices. Applying these correctly and consistently across a large portfolio - and ensuring every adjustment flows through to the right-of-use asset and lease liability calculations - is error-prone when done manually.
Mining and energy operations span remote sites across multiple states and sometimes multiple countries, introducing different currencies, tax treatments, and operational periods into the same lease portfolio. A single platform needs to handle this diversity without forcing the finance team to manage it through parallel spreadsheets or separate systems.
Most tools handle either property or fleet reasonably well, but not both. Mining and energy companies need a platform that treats a remote site office lease and a fleet of drilling equipment with equal rigour - calculating right-of-use assets, lease liabilities, amortisation, and depreciation correctly for both asset classes within a single system.
For ASX-listed mining and energy companies, lease accounting is a material balance sheet item that external auditors and ASIC will scrutinise closely. A single unresolved discrepancy in the audit file can trigger extended review processes and delay sign-off. The standard for evidence is higher than most spreadsheet-based processes can meet.
LOIS maps its platform capabilities directly to the five problems above. Each module is built around the specific accounting and operational demands of complex, asset-heavy portfolios, not retrofitted from a general property tool.
The LOIS Fleet Management module is built specifically for organisations that receive large lease data files from multiple external providers each month. Upload data in any standard format - LOIS handles the mapping once and runs consistently from there. No manual reformatting, no provider-by-provider workarounds. For mining companies managing fleets across multiple equipment suppliers, this alone removes a significant monthly burden from the finance team.
Every upload is automatically cross-checked against your existing LOIS data before any changes are applied. LOIS identifies new leases, price changes, CPI adjustments, extensions, scope reductions, and terminations as distinct categories, each with its own accounting treatment. Discrepancies surface at upload, not at audit. This validation layer is the critical control point that manual processes lack entirely, and it is what makes the monthly process reliable at scale.
LOIS automates the full AASB 16 calculation lifecycle: right-of-use assets, lease liabilities, amortisation schedules, depreciation, interest expense, and disclosure notes. Every lease modification triggers an automatic remeasurement. Journals are generated and mapped to your general ledger, ready to post directly to your ERP. The platform handles property and equipment leases within the same system, producing consistent, reconciled outputs across both asset classes at month-end.
LOIS brings property, fleet, and asset management together in one unified system, so the data that drives lease accounting is the same data that property and operations teams use to manage milestones, expiries, and site-level decisions. No manual handoffs between systems. No reconciliation between a property tool and an accounting tool. One source of truth for finance, property, and operations. For mining and energy companies with geographically dispersed operations, this integration eliminates the data silos that typically emerge between head office finance and site-level teams.
Every change to every lease in LOIS is captured automatically with a complete, timestamped audit trail. For listed mining and energy companies, this means finance teams can respond to auditor questions with specific, documented evidence rather than reconstructing a calculation history from a spreadsheet. The trail covers every modification, reassessment, extension, and termination in the form auditors expect. Learn more about what auditors look for in our IFRS 16 audit preparation checklist.
LOIS provides eight core capabilities that cover the full lease lifecycle for resources-sector finance teams: from automated AASB 16 calculations and bulk fleet uploads through to managed service delivery for teams that prefer expert-led monthly processing. As of April 2026:
LOIS clients in the mining and resources sector include South32, MMG, Evolution Mining, and Aurelia Metals: organisations managing large, complex lease portfolios spanning multiple sites, asset classes, and jurisdictions under AASB 16 and IFRS 16.
Over AUD 54 billion
in lease portfolio assets currently managed on the LOIS platform across mining, resources, energy, retail, logistics, and financial services organisations in Australia and New Zealand
LOIS is built and supported by CA-qualified lease accounting experts, not a generic software helpdesk. When a mining company's finance team has a question about how a scope reduction should be treated under AASB 16, they get an answer from a leasing specialist who has dealt with that exact situation before, not a ticket response. This depth of expertise is reflected in the platform itself: every calculation, workflow, and audit output is designed by people who understand what a listed mining company's auditors will ask for.
For ASX-listed mining and energy companies, AASB 16 is not a compliance checkbox - it is a material financial reporting obligation that directly affects the balance sheet, debt covenants, and key financial ratios. The stakes are high enough that the quality of the underlying lease data and the controls around it become a genuine audit risk.
Why audit scrutiny matters
ASIC has consistently identified lease accounting as an area requiring particular attention in financial reports. For listed companies, a material misstatement in right-of-use assets or lease liabilities can require restatement, trigger shareholder questions, and attract regulatory review. LOIS's full audit trail, automated reconciliation, and CA-qualified expert support are specifically designed to meet this standard.
Three specific factors distinguish LOIS for listed companies:
Learn more about LOIS's lease accounting platform or explore the managed service for listed companies that need expert-led monthly delivery.
Book a demonstration with a LOIS leasing specialist. We will walk through your specific portfolio complexity - fleet volumes, jurisdictions, audit requirements - and show you exactly how the platform handles it.
Book a demoMining companies in Australia operating under AASB 16 use dedicated lease accounting platforms to manage the volume and complexity of their portfolios. LOIS is used by a number of ASX-listed and private mining and resources companies, including South32, MMG, Evolution Mining, and Aurelia Metals. The platform is designed for high-volume fleet environments as well as multi-site property portfolios, and handles both asset classes within a single system. Other platforms used in the sector include MRI Lease Accounting and Nomos One, though these do not offer the same combination of fleet upload automation, property management, and CA-qualified expert support in a single platform.
Yes. The LOIS Fleet Management module is specifically built for organisations that receive large lease datasets from multiple equipment providers each month, each in a different format. LOIS accepts data in any standard format, handles the field mapping, cross-checks incoming data against your existing records, and identifies all change types - new leases, price changes, CPI adjustments, extensions, scope reductions, and terminations - before applying any updates. This removes the manual reformatting and data loading burden that mining finance teams typically face when managing fleet lease data across multiple providers.
LOIS automates the full AASB 16 calculation lifecycle: right-of-use asset recognition, lease liability measurement, amortisation, depreciation, interest expense, and disclosure note preparation. Every lease modification triggers an automatic remeasurement and is captured in a complete, timestamped audit trail. For listed mining companies, LOIS also provides general ledger integration so journals are ready to post directly to the ERP, and a managed service option where CA-qualified LOIS experts own the monthly calculation and reporting process end-to-end. This combination of automation, audit trail, and expert support is designed specifically for the standard that external auditors and ASIC apply to listed company financial reports.
LOIS is designed to handle the multi-jurisdictional complexity of mining and energy portfolios, including leases denominated in different currencies across remote sites in different countries. Mining and energy companies with operations spanning Australia, Papua New Guinea, or other jurisdictions can manage all lease data within a single LOIS instance. Speak to a LOIS specialist about your specific currency and jurisdiction requirements when booking a demonstration.
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