FMPM 330 Non-Capital Assets

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Intent

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

Scope

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

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

Policy Sponsor

Deputy Vice Chancellor, Services and Resources

Approval Authority

Finance Committee

Date for next review

12/2017

Revision History

Version

Approval date

Implementation date

Details

Author

16-108/08/201609/08/2016Minor amendment - all links  updated Quality Standards and Poklicy 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