FMPM 350 Intangible Assets

Intent

To outline what is required when an intangible asset comes into existence and how it is to be managed and recorded.

Function	Responsibility of
Notification of the existence and nature of an intangible asset (other than intellectual property)	Head of Organisational Unit
Notification of existence and nature of intellectual property	Staff Member
Management of intellectual property	Provost
Management of other intangible assets	Head of Organisational Unit
Record of intellectual property	Provost
Record of all other intangible assets	Chief Financial Officer

When an intangible asset (other than intellectual property) comes into existence, the Head of the Organisational Unit must notify the Chief Financial Officer of the existence and nature of each intangible asset.
Where a staff member creates intellectual property which they believe to be capable of commercial exploitation (other than by scholarly publication) they must notify its existence in writing to the Provost.
Intellectual property must be managed in accordance with the Intellectual Property Policy.
A record must be maintained detailing the existence and nature of each intangible asset which the University owns and/or controls.

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

Approval Details

Policy Sponsor	Deputy Vice Chancellor, Services and Resources
Approval Authority	Finance Committee
Date for next Major Review	11/2018

Revision History

Version	Approval date	Implementation date	Details	Author
18-1		30/04/2018	Changes made to reflect headline restructure 30/04/2018.	Quality, Standards and Policy
17-1	19/01/2017	27/01/2017	Titles amended to reflect current organsiation structure	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
11-01	16/11/2011	22/11/2011
10-01	16/11/2010	22/11/2010
01-01	12/2001	12/2001