Managed AASB 16 lease accounting for Australian councils and government agencies

LOIS Managed Service pairs the LOIS lease accounting platform with CA-qualified accountants who validate your lease data, run your AASB 16 calculations and prepare audit-ready journals and reports every month. Local councils and state and federal agencies keep full visibility and approval authority.

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Ask the Experts 2026 - live webinar

Can an Australian council or government agency outsource AASB 16 compliance?

Yes, in part. LOIS Managed Service takes on the specialist work of validating lease data, running AASB 16 calculations and preparing journals and reports for Australian local councils and state and federal agencies. Your finance team stays responsible for reporting and approves every journal. CA-qualified LOIS accountants carry the recurring work on the LOIS platform.

AASB 16 sets modified terms for not-for-profit and public sector entities, including an accounting policy choice for concessionary leases. See how LOIS handles AASB 16.

Does lease software alone remove the workload for a public sector finance team?

No. Rent reviews slip past, a fleet lease extension gets filed and forgotten, and the auditor's query lands when the one person who understands the workbook is on leave. Software calculates, but someone still has to run it, check it and explain it.

Accounting treatment

Someone has to know how AASB 16 applies to each lease and each change, including concessionary leases.

Portfolio upkeep

New leases, extensions and terminations need entering and checking every period, across property and fleet.

Modifications and CPI

Each change triggers a remeasurement, and an unusual one needs a specialist's eye.

How does LOIS Managed Service work each month?

Each month a reconciled pack lands with journals ready for posting to your general ledger and an audit trail behind every figure. Four steps get you there.

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Step 1: Centralise your lease data

Upload or integrate lease data into LOIS's dedicated UX. Our approval workflow alerts our expert team, and we take it from there. 

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Step 2: Expert validation and processing

LOIS experts review, validate and run your AASB 16 calculations.

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Step 3: Reporting prepared

Journals, amortisation schedules and disclosures are produced and checked for an audit-ready experience.

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Step 4: Delivered ready for posting

Fully reconciled outputs delivered for your GL and reporting pack, ready for your auditors and your approval.

What does LOIS Managed Service add for a public sector finance team?

Both options run on the LOIS platform. LOIS Managed Service adds the specialist work in the last five rows, and your finance team keeps approval of every journal.

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    Customer managed

  • LOIS-logo-25_R-PCH-1
    Managed service

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Customer managed

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Managed service

Centralise and maintain complete, accurate lease data in one controlled platform

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Fully automated AASB 16 calculations

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Generate audit-ready journals and post directly to your general ledger

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Maintain a complete audit trail with supporting compliance documentation

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Access responsive helpdesk support and practical training resources

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LOIS experts validate all lease data and proactively identify discrepancies

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Expert review of all related accounting standard calculations for complete confidence

  

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Journals prepared and delivered by LOIS experts, ready for posting

  

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Monthly audit-ready reporting packs prepared for finance and auditors

  

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Dedicated LOIS expert providing proactive guidance and ongoing support

  

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What does LOIS Managed Service add for a public sector finance team?

Both options run on the LOIS platform. LOIS Managed Service adds the specialist work in the last five rows, and your finance team keeps approval of every journal.

Customer managed Managed service
Centralise and maintain complete, accurate lease data in one controlled platformIncludedIncluded
Fully automated AASB 16 calculationsIncludedIncluded
Generate audit-ready journals and post directly to your general ledgerIncludedIncluded
Maintain a complete audit trail with supporting compliance documentationIncludedIncluded
Access responsive helpdesk support and practical training resourcesIncludedIncluded
LOIS experts validate all lease data and proactively identify discrepanciesNot includedIncluded
Expert review of all related accounting standard calculations for complete confidenceNot includedIncluded
Journals prepared and delivered by LOIS experts, ready for postingNot includedIncluded
Monthly audit-ready reporting packs prepared for finance and auditorsNot includedIncluded
Dedicated LOIS expert providing proactive guidance and ongoing supportNot includedIncluded

What can you verify about LOIS Managed Service?

Three facts you can check, each with a source on this site.

CA-qualified team

LOIS Managed Service is staffed by CA-qualified accountants with hands-on expertise in AASB 16. Meet the team.

ISO/IEC 27001

LOIS holds ISO/IEC 27001 certification for information security management. Visit the Trust Centre for certifications and security documentation.

AASB 16 coverage

LOIS automates AASB 16 compliance for Australian organisations, with right-of-use calculations, full audit trails and general ledger integration. Read about AASB 16 in LOIS.

Ready to take AASB 16 off your month-end?

See which recurring AASB 16 work LOIS Managed Service would take off your council or agency finance team.

Book a Demo

Public sector AASB 16 questions answered

Can an Australian council or government agency outsource AASB 16 compliance?

Yes, in part. LOIS Managed Service takes on the specialist work of validating lease data, running AASB 16 calculations and preparing journals and reports. Your finance team stays responsible for reporting and approves every journal before it posts.

Which accounting standard does LOIS Managed Service apply for the Australian public sector?

LOIS Managed Service applies AASB 16 for Australian local councils and state and federal agencies. AASB 16 sets modified terms for not-for-profit and public sector entities, including an accounting policy choice for concessionary leases: measure the right-of-use asset at cost or at fair value on initial recognition. Your entity and its auditors decide which option applies.

Do we keep control over our lease data and approvals?

Yes. You have full system access and approval authority at all times. LOIS experts act as an extension of your team, handling processing while you retain complete oversight through the platform's audit trail and reporting. Nothing is posted without your approval.

What does LOIS Managed Service deliver each month?

LOIS experts validate your lease data, identify discrepancies, run your AASB 16 calculations and prepare journal entries, amortisation schedules and disclosures. You receive fully reconciled, audit-ready reporting packs for your finance team and auditors, with journals ready for posting to your general ledger.

Can LOIS manage property and fleet leases for a council or agency?

Yes. LOIS manages property leases, fleet, equipment and other asset classes in a single system, so finance and property teams share one source of truth. For Australian organisations with large vehicle or equipment fleets, including government, the LOIS fleet module automates bulk data uploads from any lease provider.

How does LOIS protect our data?

LOIS holds ISO/IEC 27001 certification, the internationally recognised benchmark for information security management. The LOIS Trust Centre gives your security and procurement teams certifications, security documentation and answers to common security questions, with gated materials available on request.

Can LOIS Managed Service scale as our portfolio grows?

Yes. Service levels adjust as your lease volume or complexity increases. LOIS is designed to handle portfolios from 30 to 10,000+ leases, and the managed service scales with you, with no need to expand internal headcount as your portfolio grows.

Does this service cover New Zealand public sector entities?

New Zealand public benefit entities currently apply PBE IPSAS 13, so this page focuses on the Australian public sector. A LOIS specialist can confirm scope for your entity.