Asset Retirement

The new Victorian Local Government Act will require Councils to prepare an Asset Plan, and include within it information about new assets, asset retirement, maintenance and renewal requirements for each class of infrastructure assets and to be informed by the deliberative community engagement process.

The term 'asset retirement' is presumably a synonym for asset disposal. The act will hopefully provide a definition of the term.

Related Pages

External Links & References

  1. Google Search
  2. Act for the Future - Directions for a new Local Government Act


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