Plenty for all levels from rank beginners through mediocre intermediates (that's me!) to experts and a great ski school to help move you along again no matter what level of skiier you are (or think you are).
Equipment: You can bring it all or hire it all! Gebie's on the right as you enter with the Gully chairlift right beside it is a good spot. He also has accommodation options available. Some of the bigger lodges/hotels have place attached too. Falls Creek Hotel, where we stayed last season, has a shop attached where you can either hire/rent or buy gear.
Most people visit Falls Creek in the winter to go downhill skiing (like us) but you can also try tobogganing, snow boarding, snow mobile tours or just playing in the snow generally... :)
We hired most of our skiing gear from one of the many hire shops in the village.