Are digital signatures valid for Australian equipment lease agreements?

For enforceability, the digital signature must reliably identify the signer and indicate their intent to sign, as per the Electronic Transactions Act 1999. Key requirements include using a secure method (such as qualified electronic signatures if needed), retaining an audit trail of the signing process, and ensuring the agreement's terms allow for electronic execution. Parties should also verify compliance with any relevant state or territory laws.

There are no specific limitations for equipment lease agreements, as they fall under general commercial contract rules. However, exceptions under the Electronic Transactions Act exclude certain documents like wills or conveyances of land. For leases, ensure all parties are authenticated, the document is complete before signing, and any regulatory requirements for the leased equipment (e.g., under consumer protection laws) are addressed separately.