Unit of competency Outline

Date retreived
22/07/2026 1:36 AM AWST

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Apply asset management system

Apply asset management system

Unit of competency
National Code
TLIL0003
State Code
OCZ02
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
29/01/2021
View on TGA
State Implementation and Classification
Approved Date
01/04/2021
Field of Education
080101 - Accounting
Original Release Date
01/04/2021
Nominal Hours
30
Description
This unit involves the skills and knowledge required to apply asset management systems.It includes identifying and classifying assets, recording assets and their condition, and maintaining an asset management system.Work may be undertaken in various contexts within the transport and logistics industry. The unit generally applies to those who provide leadership of others individually or in teams.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Identify designated area of responsibility
  • 1.1 Designated area of responsibility is identified in accordance with organisational requirements
  • 1.2 Contribution is made to maintaining asset register on the basis of current and ongoing needs, in accordance with organisational requirements
  • 1.3 Assets to be recorded in asset register are identified in accordance with organisational requirements
2 Record assets and their condition
  • 2.1 Specified details of material assets are identified and recorded in accordance with asset management policies and procedures
  • 2.2 Condition of each asset is determined and corrective maintenance tasks are recorded in accordance with manufacturer specifications, relevant Australian Standards and organisational policies and procedures
  • 2.3 Useful/residual life of each asset is determined, as required, in accordance with manufacturer specifications and organisational policies and procedures
3 Maintain asset management system records
  • 3.1 Records of asset management activities are updated in accordance with organisational policies and procedures
  • 3.2 Periodic audits are conducted to ensure accuracy of asset register in accordance with organisational policies and procedures
  • 3.3 Contribution is made to asset management system review to ensure it is supporting business needs, in accordance with organisational policies and procedures
  • 3.4 Guidance is provided to support effective management and maintenance of asset register, in accordance with organisational policies and procedures
No information
No information
Replaces
State Code National Code Title Type
AVI55 TLIL4073 Apply asset management system Unit of competency