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: Policy – Purchasing.

• 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 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, legislation or JCU Statutes

Financial and Performance Management Standard 2009 (s.23)

For enquiries in relation to this FMPM Policy please contact [email protected].

Administration

Approval Details

Revision History