FMPM 350 Intangible Assets

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Intent

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

Scope

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

Senior Deputy Vice Chancellor

Management of other intangible assets

Head of Organisational Unit

Record of intellectual property

Senior Deputy Vice Chancellor

Record of all other intangible assets

Director, Financial and Business Services

Definitions

Intangible Asset

Policy

  • When an intangible asset (other than intellectual property) comes into existence, the Head of the Organisational Unit must notify the Director, Financial and Business Services 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 Senior Deputy Vice Chancellor.

  • 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.

Administration

Approval Details

Policy Sponsor

Deputy Vice Chancellor, Services and Resources

Approval Authority

Finance Committee

Date for next Major Review

11/2016

Revision History

Version

Approval date

Implementation date

Details

Author

17-119/01/201727/01/2017Titles amended to reflect current organsiation structureQuality, 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

 

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