FMPM 330 Non-Capital Assets

Intent

To set out the policy for acquisition, management and disposal of non-capital assets.

Scope

Definitions

Portable and Attractive Item

Non-Capital Asset

One Up Authorisation

Policy

• The acquisition of a non-capital asset must be in accordance with the FMPM 710: Procurement Policy.
• The Organisational Unit controlling the non-capital asset must ensure that the asset is:
  • properly maintained in order to maximise the period of effective use;
  • protected from loss; and
  • deployed in an effective and efficient manner.

• A non-capital asset must not be used for private purposes by an employee unless approved by the Head of the Organisational Unit responsible for the non-capital asset subject to One Up Authorisation (also refer to JCU Code of Conduct).
• The Head of the Organisational Unit must identify all non-capital assets excess to the Organisational Unit's operating requirements at least annually and dispose of them in accordance with FMPM 323: Procedures – Disposal of Plant & Equipment.
• The disposal of a non-capital asset to any employee or associate of the University must not disadvantage the University (Refer FMPM 323: Procedures – Disposal of Plant & Equipment).

Related documents and legislation

FMPM 710: Procurement Policy

FMPM 323: Procedures - Disposal of Plant and Equipment

JCU Code of Conduct

Financial and Performance Management Standard 2009 (s.23)

For enquiries in relation to this FMPM Policy please contact capitalandinfra@jcu.edu.au.

Administration

Approval Details

Revision History