Principles, Policies and Practices

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

A AAS 4 2.1
AAS 10 2.16, 2.49
AAS 29 2.16, 2.45
accountability and responsibility 1.5, 1.7, 2.10, 2.46
accounting and financial management 2.14, 2.32, 2.42
accounting concepts 2.15
Accrual Accounting Manual 2.15, 2.16
acquisition: 1.4, 2.8, 2.27-32
by finance lease
2.31
by joint venture
2.31
of land
2.29, 2.32
of other assets
2.30, 2.32
with Commonwealth funds
2.31
with funds from appropriation
2.31
with funds from non-appropriation sources
2.31
acquisition plan 2.22
actual full cost 2.54-2.55
aggregation of assets 2.47
annual capital works allocations 2.24
appropriation funds, for acquisition 2.31
Assessing the Condition of Constructed Assets 2.21, 2.25, 2.37
asset acquisition see acquisition
asset costs 2.53

and corporate systems
2.52
asset data 2.48
asset disposal see disposal
asset expenditure, types of 2.17
asset information, capture of 2.48
asset information requirements 2.44-5
asset information systems 2.44
asset life cycle 2.8, 2.19, 2.27, 2.33, 2.39
asset maintenance see maintenance
asset management

checklist
1.7

definition
1.3

factors involved in
2.9

getting started
2.11

government and administrative policy
2.59

integrated approach to
1.6

key activities
1.4

key concepts
2.5 - 11

legislative framework
2.57 - 8

objectives
1.3, 2.9

responsibility for
2.10
Asset Management Catalogue of Reference 2.45
asset management policies and practice

aims
2.59

audience
2.2
asset management policy framework 1.5
asset management principles 1.5

aims
2.59

application of
1.7

audience
1.2
Asset Management Principles 2.15, 2.45
asset operation and maintenance see operation and maintenance
asset performance 2.34 - 7

data
2.45

evaluation of
2.1
asset planning see planning
asset recording see recording
asset register 2.44, 2.45, 2.46
asset strategy, development 2.22 - 3
asset use, charging for 2.54 - 5
asset valuation see valuation
assets

aggregation of
2.47

assuming control of
2.31 - 2

classes of
2.7

construction of
2.29, 2.32, 2.42

definition
2.6

grouping of
2.46

recognition of
2.15

relinquishing control of
2.42

role of
2.6

securing funding for
2.24
attractive assets 2.46
Australian Accounting Standard see AAS
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B	barcoding	2.48
	bequests	2.31
	Budget and Expenditure Review Committee (BERC)	2.25
	Budget Information Paper No. 1: Public Sector Capital Works	2.25, 2.59
	Budget Information Paper No. 2: Budget Performance and Outlook	2.17, 2.25, 2.59
	Budget Information Paper No. 2: Budget Strategy and Review, 1993 - 94	2.59
	Budget Sector Asset Management Principles	2.59
	budgeting	1.4
	build - own - operate - transfer (BOOT)	2.30
	Building Act 1993	2.30, 2.57

A	AAS 4	2.1
	AAS 10	2.16, 2.49
	AAS 29	2.16, 2.45
	accountability and responsibility	1.5, 1.7, 2.10, 2.46
	accounting and financial management	2.14, 2.32, 2.42
	accounting concepts	2.15
	Accrual Accounting Manual	2.15, 2.16
	acquisition:	1.4, 2.8, 2.27-32
	by finance lease	2.31
	by joint venture	2.31
	of land	2.29, 2.32
	of other assets	2.30, 2.32
	with Commonwealth funds	2.31
	with funds from appropriation	2.31
	with funds from non-appropriation sources	2.31
	acquisition plan	2.22
	actual full cost	2.54-2.55
	aggregation of assets	2.47
	annual capital works allocations	2.24
	appropriation funds, for acquisition	2.31
	Assessing the Condition of Constructed Assets	2.21, 2.25, 2.37
	asset acquisition see acquisition
	asset costs	2.53
	and corporate systems	2.52
	asset data	2.48
	asset disposal see disposal
	asset expenditure, types of	2.17
	asset information, capture of	2.48
	asset information requirements	2.44-5
	asset information systems	2.44
	asset life cycle	2.8, 2.19, 2.27, 2.33, 2.39
	asset maintenance see maintenance
	asset management
	checklist	1.7
	definition	1.3
	factors involved in	2.9
	getting started	2.11
	government and administrative policy	2.59
	integrated approach to	1.6
	key activities	1.4
	key concepts	2.5 - 11
	legislative framework	2.57 - 8
	objectives	1.3, 2.9
	responsibility for	2.10
	Asset Management Catalogue of Reference	2.45
	asset management policies and practice
	aims	2.59
	audience	2.2
	asset management policy framework	1.5
	asset management principles	1.5
	aims	2.59
	application of	1.7
	audience	1.2
	Asset Management Principles	2.15, 2.45
	asset operation and maintenance see operation and maintenance
	asset performance	2.34 - 7
	data	2.45
	evaluation of	2.1
	asset planning see planning
	asset recording see recording
	asset register	2.44, 2.45, 2.46
	asset strategy, development	2.22 - 3
	asset use, charging for	2.54 - 5
	asset valuation see valuation
	assets
	aggregation of	2.47
	assuming control of	2.31 - 2
	classes of	2.7
	construction of	2.29, 2.32, 2.42
	definition	2.6
	grouping of	2.46
	recognition of	2.15
	relinquishing control of	2.42
	role of	2.6
	securing funding for	2.24
	attractive assets	2.46
	Australian Accounting Standard see AAS

C	capital charge	2.17
	capital costs	2.52
	capital funding
	and budgeting	2.24 - 5
	sources of	2.24
	charging for the use of assets	2.54 - 5
	policy review	2.55
	classes of assets	2.7
	Code of Practice for the Building and Construction Industry	2.30
	committed projects, evaluation	2.21
	Commonwealth funds	2.24
	for acquisition	2.31
	compulsory acquisition	2.31
	condition assessments	2.34
	Conservation and Natural Resources, Department of	2.31
	Crown Land and Assets Division	2.32, 2.42
	Conservation Forests and Lands Act 1987	2.29, 2.41
	consignment of control	2.31
	construction of assets	2.29, 2.32, 2.42
	contingent control	2.31
	contracting methods	2.29 - 30
	contracts	2.28
	control of an asset	2.10, 2.31 - 2
	relinquishing	2.42
	core assets	2.46
	valuation	2.49
	corporate costing systems	2.52
	cost plus (pricing model)	2.54
	costing	2.52 - 3
	costing systems	2.52 - 3
	Crown land, disposal of	2.41
	Crown Land (Reserves) Act 1978	2.29, 2.32, 2.57
	cultural assets, valuation	2.49
	current projects, evaluation	2.21

D	decision - making see informed decision - making
	depreciation	2.15 - 16, 2.52
	design and construct contracts	2.30
	direct costs	2.53
	disposal	1.4, 2.8, 2.39 - 42
	considerations	2.40
	methods	2.40
	of land	2.41, 2.42
	of other assets	2.41, 2.42
	disposal costs	2.52
	disposal plan	2.22
	donations	2.31

E	economic appraisal	1.4
	Education Act 1958	2.29, 2.41
	enhancement	2.17
	entities	2.10
	existing and required assets, comparison	2.22
	existing assets
	evaluation of	2.21
	expenditure on	2.48
	expenditure
	on existing assets	2.48
	types of	2.17
	exposure to risk, minimising	2.23, 2.28

F	finance lease, for acquisition	2.31
	Financial Management Act 1994	2.16, 2.29, 2.30, 2.32, 2.41, 2.42, 2.45
	objectives	2.57
	financial management concepts	2.13 - 17
	Financial Management Regulations 1994	2.3
	financial performance, of asset	2.21, 2.35
	freehold land, disposal of	2.41
	full cost, plus a factor (pricing model)	2.54
	full costs and depreciation	2.52
	functionality, of asset	2.21, 2.35
	funding plan	2.23

G	gifts	2.31
	government and administrative policy, for asset management	2.59
	Government Employee Housing Act 1981	2.41
	grouping of assets	2.46

I
	indirect costs	2.53
	information requirements	2.44 - 5
	informed decisionmaking	1.5, 1.7, 2.44
	Infrastructure Investment Policy for Victoria	2.25, 2.29, 2.59
	insurance	2.23, 2.49
	integrated approach to asset management	1.5, 1.7
	framework	1.6
	investment proposals
	consideration of	2.25
	Department of Treasury and Finance criteria	2.25
	ranking and evaluation of	2.24
	requirements	2.24

L	land
	acquisition of	2.29, 2.32
	disposal of	2.41, 2.42
	Land Act 1958	2.32, 2.41, 2.57
	lease	2.31, 2.41
	licence	2.41
	life cycle costs	2.52
	lump sum contracts	2.30

M	maintenance	2.36, 2.48
	level of	2.36
	maintenance history	2.48
	maintenance performance, assessment criteria	2.37
	maintenance plan	2.22, 2.37
	maintenance priorities	2.36
	maintenance strategy	2.36
	management in use	1.4
	marginal (partial) cost	2.55
	market price	2.54

N	needs analysis	1.4
	no cost (pricing strategy)	2.55
	nonappropriation funds, for acquisition	2.31
	nonasset service delivery options	2.20
	noncore assets	2.46
	valuation	2.49

O	Occupational Health and Safety Act 1985	2.58
	Office of the ValuerGeneral	2.16, 2.40
	ongoing costs	2.52
	operation and maintenance	2.8, 2.33 - 7
	see also maintenance
	operational decisions	2.44
	operations plan	2.22
	overhead costs	2.53

P	performance assessment	2.34 - 7
	performance data	2.45
	physical condition, of asset	2.21, 2.34
	planning	1.4, 2.8, 2.19 - 25
	framework	2.20
	Planning and Development, Department of
	Office of Building	2.21, 2.25, 2.30, 2.32, 2.37, 2.42
	Office of Major Projects	2.30
	Planning Division	2.29
	Urban Land Authority	2.30
	Planning and Environment Act 1987	2.29
	policy statements	2.3, 2.10, 2.20, 2.21, 2.23, 2.24, 2.28, 2.34, 2.40, 2.44
	portable assets	2.46
	potential of asset	2.15
	pricing	1.4
	pricing models	2.54 - 5
	private sector, in acquisition process	2.28
	Project Development and Construction Management Act 1994	2.29, 2.32, 2.41, 2.42, 2.58
	objectives	2.58
	Project Development and Construction Management Act 1994, Ministerial Direction No. 1	2.29, 2.30
	public assets, key management concepts	2.5 - 11
	purchasing ethics and principles	2.28 - 9

R	Recognition and Reporting of Crown Land by Government Entities	2.32, 2.42
	Recognition and Valuation of Noncurrent Physical Assets	2.15, 2.16, 2.32, 2.42, 2.49
	recording	1.4, 2.46 - 7
	recording threshold	2.46
	recurrent costs	2.52
	refurbishment	2.17
	relinquishing control of an asset	2.42
	reporting	1.4
	responsibility see accountability and responsibility
	revaluation of assets	2.49
	revenue, treatment of	2.56
	risk management	2.28, 2.49
	risk management plan	2.23

S	salvage costs	2.52
	seizure	2.31
	service delivery	1.5, 1.7, 2.6
	strategy	2.20
	service potential	2.15
	sovereignty	2.31
	standard cost	2.55
	State dedicated funds	2.24
	Statement of Accounting Concepts - Definition and Recognition of the Elements of Financial Statements	2.15
	stocktaking	2.48
	strategic decisions	2.44
	strategic planning	2.22 - 3
	Supply Policies and Guidelines	2.29, 2.30, 2.32, 2.40, 2.41, 2.42

T	tactical decisions	2.44
	target profile (pricing model)	2.54
	tenders	2.28 - 9
	transfer	2.31
	Transport Act 1983	2.30, 2.41
	Transport, Department of, Public Transport Corporation	2.30
	Treasury and Finance, Department of
	Accounting and Financial Reporting Division	2.15, 2.16, 2.32, 2.42, 2.45, 2.49, 2.53, 2.55, 2.56
	Budget and Resource Management Division	2.3, 2.17, 2.23, 2.25
	Managed Insurance Fund	2.23
	Project Finance and Evaluation Division	2.25, 2.30
	Victorian Government Property Group	2.29, 2.32, 2.40, 2.41, 2.42

U	Urban Land Authority Act 1979	2.41
	use of assets
	charging for	2.54 - 5
	revenue from	2.56
	useful life	2.16
	utilisation, of asset	2.21, 2.34 - 5

V	valuation	1.4, 2.16, 2.40, 2.49
	of core and noncore assets	2.49
	of heritage/cultural assets	2.49
	reasons for	2.49
	vesting	2.31
	Victorian Government Purchasing Board	2.30, 2.32, 2.40, 2.41, 2.42