FMPM 330 Non-Capital Assets

Intent

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

Function	Responsibility Of
Acquisition of a non-capital asset	Financial Delegate
Management of a non-capital asset	Head of Organisational Unit
Identification of a non-capital asset excess to the Organisational Unit's requirement	Head of Organisational Unit
Disposal of a non-capital asset	Financial Delegate

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).

Policy Sponsor	Deputy Vice Chancellor, Services and Resources
Approval Authority	Finance Committee
Date for next review	12/2017

Version	Approval date	Implementation date	Details	Author
16-1	08/08/2016	09/08/2016	Minor amendment - all links updated	Quality Standards and Policy Officer
15-01	09/09/2015	10/09/2015	Policy Sponsor and Approval Authority updated to reflect the approved Policy and Delegations Framework	Quality Standards and Policy Unit
12-01	04/2012	18/08/2011	Finance Committee (06/11)
01-01	12/2001	12/2001