Asset Register

An asset register is a database or document containing specific information about the assets owned or controlled by an organisation.

Alternate Definitions

• A Financial Management Document that records: Capital Expenditure, depreciation charges & revaluation increments and decrements - Queensland Local Government Act 2009 (Section 104(2))
• "A systematic record of items considered worthy of identification as discrete assets, including information such as construction and technical details about each". - The Guidelines for Implementing Total Management Planning's Glossary of Asset Management Terms.
• "A record of asset information considered worthy of separate identification including inventory, historical, financial, condition, construction, technical and financial information about each. - International Infrastructure Management Manual.
• "The structured listing in a hierarchical fashion covering all of the commercial assets owned by an organisation (firm)" - Unknown.

Legislation

Division 5 of the Queensland Local Government (Finance, Plans and Reporting) Regulation 2010 states that "A local government’s asset register must record its non-current physical assets."

Related Pages

• Asset Database
• Asset Inventory
• Asset Register Structure
• Financial Asset Register
• Fixed Asset Register
• Technical Asset Register
• Monthly Capex Report

External Links & References

1. NSW Treasury Asset Information Guidelines
2. Wikipedia Article - Fixed Asset Register
3. Google Search
4. LGAM Web-based Asset Register Project
5. Geelong City Council Asset Registers using 3D Street Level Imagery