Unit of competency Outline
Date retreived
22/07/2026 9:24 PM AWST
22/07/2026 9:24 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Report on assets in accordance with statutory and public reporting requirements
Report on assets in accordance with statutory and public reporting requirements
Unit of competency
National Code
LGAGOVA617A
LGAGOVA617A
State Code
C4339
C4339
TGA Status
Deleted
Deleted
DTWD Status
Deleted
Deleted
State Implementation and Classification
Approved Date
18/05/2004
Field of Education
080301 - Business Management
Original Release Date
18/05/2004
Nominal Hours
50
Description
This unit relates to updating information and completing required statistical and management reports on assets and asset management.
Notes
Elements and Performance Criteria
1 Complete statistical reports as required
- 1.1 Reports are accurately completed in format required and forwarded to relevant agency by the due date.
- 1.2 Documentation of assumptions is included in reports.
- 1.3 Report requirements are clarified where necessary to ensure correct data is provided.
2 Provide financial information for asset register and financial reports
- 2.1 Decision to categorise work as capital work or maintenance work is made in consultation with audit and finance units and is consistent with predetermined strategy.
- 2.2 Capital costs are tracked and captured in required format to enable entry in asset register against value of asset.
- 2.3 Accurate information required to complete financial reports is provided to finance unit within required time frame.
3 Complete management reports
- 3.1 Management reports on state of assets are completed in line with council and statutory requirements.
- 3.2 Management reports are completed in consultation with executive management team to reflect the organisational situation accurately.
- 3.3 Information regarding liabilities, benefits and risks associated with assets is accessed and included in reports.
4 Update information in asset database
- 4.1 Information on asset management activities is recorded and tracked in asset database according to organisational systems and procedures.
- 4.2 The type of valuation required and appropriate valuation methods are determined prior to arranging valuation.
- 4.3 Asset valuations are provided in required format according to standards, regulations and legislative requirements.
The Range Statement relates to the Unit of Competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the Performance Criteria is detailed below.
Relevant agencies may include:
local government department
grants commission
Australian Bureau of Statistics
external auditors
Asset register may include:
information for finance reporting in accordance with Australian accounting standards relating to value of asset and consumption of service potential
Information for financial reports may include:
depreciation
written-down values
Information on asset management activities may include:
condition code
estimate of life of asset
assessment of current and satisfactory levels of service
Recording procedures may include:
responsibility for recording, which may be centralised or at work team level
Asset database may include:
information for management reports including condition of assets, expenditure required and asset utilisation and performance
Valuation methods may include:
internal valuation
engaging an external valuer
Relevant agencies may include:
local government department
grants commission
Australian Bureau of Statistics
external auditors
Asset register may include:
information for finance reporting in accordance with Australian accounting standards relating to value of asset and consumption of service potential
Information for financial reports may include:
depreciation
written-down values
Information on asset management activities may include:
condition code
estimate of life of asset
assessment of current and satisfactory levels of service
Recording procedures may include:
responsibility for recording, which may be centralised or at work team level
Asset database may include:
information for management reports including condition of assets, expenditure required and asset utilisation and performance
Valuation methods may include:
internal valuation
engaging an external valuer
Overview of assessment requirements
A person who demonstrates competency in this unit will be able to perform the outcomes described in the Elements to the required performance level detailed in the Performance Criteria. The knowledge and skill requirements described in the Range Statement must also be demonstrated. For example, knowledge of the legislative framework and safe work practices that underpin the performance of the unit are also required to be demonstrated.
Critical aspects of evidence to be considered
Accurate and comprehensive completion of all reports within required time frame.
Timely provision of required information to finance unit.
Asset register kept up to date.
Context of assessment
On the job or in a simulated work environment.
Method of assessment
The following assessment methods are suggested:
observation of the learner performing a range of workplace tasks over sufficient time to demonstrate handling of a range of contingencies
written and/or oral questioning to assess knowledge and understanding
completion of workplace documentation
third-party reports from experienced practitioners
completion of self-paced learning materials including personal reflection and feedback from trainer, coach or supervisor.
Evidence required for demonstration of consistent performance
Evidence will need to be gathered over time across a range of variables depending on council work flow and planning cycle as long as the critical aspects of evidence can be demonstrated.
Resource implications
Access to a workplace or simulated case study that provides the following resources:
copies of relevant legislation, including state or territory local government legislation
Australian accounting standards
legislation relating to historic buildings
retail tenancy
residential tenancy
building control
occupational health and safety
cultural and recreational land
valuation of land
subdivision of land
transfer of land
planning
environment
sale of land
financial and budget information
databases
A person who demonstrates competency in this unit will be able to perform the outcomes described in the Elements to the required performance level detailed in the Performance Criteria. The knowledge and skill requirements described in the Range Statement must also be demonstrated. For example, knowledge of the legislative framework and safe work practices that underpin the performance of the unit are also required to be demonstrated.
Critical aspects of evidence to be considered
Accurate and comprehensive completion of all reports within required time frame.
Timely provision of required information to finance unit.
Asset register kept up to date.
Context of assessment
On the job or in a simulated work environment.
Method of assessment
The following assessment methods are suggested:
observation of the learner performing a range of workplace tasks over sufficient time to demonstrate handling of a range of contingencies
written and/or oral questioning to assess knowledge and understanding
completion of workplace documentation
third-party reports from experienced practitioners
completion of self-paced learning materials including personal reflection and feedback from trainer, coach or supervisor.
Evidence required for demonstration of consistent performance
Evidence will need to be gathered over time across a range of variables depending on council work flow and planning cycle as long as the critical aspects of evidence can be demonstrated.
Resource implications
Access to a workplace or simulated case study that provides the following resources:
copies of relevant legislation, including state or territory local government legislation
Australian accounting standards
legislation relating to historic buildings
retail tenancy
residential tenancy
building control
occupational health and safety
cultural and recreational land
valuation of land
subdivision of land
transfer of land
planning
environment
sale of land
financial and budget information
databases
No information
| State Code | National Code | Title | Type |
|---|---|---|---|
| C297 | LGA60100 | Advanced Diploma of Local Government (Governance and Administration) | Qualification |
| C745 | LGA50104 | Diploma of Local Government Administration | Qualification |