Asset Group

An Asset Category (also Asset Group) is a group of asset types with similar attributes.

The National Asset Management Assessment Framework suggests that a Council's Asset Management Plans should include all assets and document asset inventory information for the asset group/category as recorded in the asset register.

An 'asset category' field is often present in Asset Registers and Asset Management Systems.

Department of Transport, Planning and Local Infrastructure

The Victorian Department of Transport, Planning and Local Infrastructure identifies 22 Asset Categories:

1. Property
2. Land
3. Land Improvements
4. Buildings
5. Building Improvements
6. Heritage Buildings
7. Plant and Equipment
8. Plant, machinery and equipment
9. Fixtures, fittings and furniture
10. Computers and telecomunications
11. Heritage plant and equipment
12. Library books
13. Roads
14. Bridges
15. Footpaths and cycleways
16. Drainage
17. Recreation, leisure and community facilities
18. Waste management
19. Parks, open space and streetscapes
20. Aerodromes
21. Off street carparks
22. Other infrastructure

Local Government Victoria Asset Investment Guidelines

The Local Government Asset Investment Guidelines contains an example Capital Funding allocation table that includes the following asset categories:

• Sealed Roads & Kerb & Channel
• Unsealed Roads
• Footpaths & Cycleways
• Bridges
• Off Street Car Parks
• Aerodromes
• Parks, Open Space, Streetscapes
• Recreation, Leisure and Community Facilities
• Drainage
• Waste Management
• Other Infrastructure

It notes that:

1. Parks includes Outdoor Furniture and Signage and Public Lighting
2. Recreation, Leisure and Community Facilities includes building assets in these services
3. Other Infrastructure includes Piers & Jetties, Caravan Parks and Markets & Saleyards.

Related Pages

• Asset Class
• Local Government Asset Investment Guidelines

External Links & References

1. Google Search