Gifted Asset

Gifted Asset is a synonym for Donated Asset.

A gifted asset (also donated asset) is an asset constructed by a party other than a Council (typically a developer) and then handed over to Council to maintain.


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Date of Recognition

Donated assets need to be recognised as a council asset from a specific date, known as the date of recognition. The date of recognition should be the date that Council takes ownership or control of the asset, but this is open to interpretation and different Councils use different dates as the date of recognition, including;


The following people have indicated (via the Local Government Collaboration Topics Survey) that they have an interest and/or expertise in the topic of 'gifted assets' and are willing to collaborate with their peers at other councils to identify challenges and resources relating to the topic and to look for ways to work together to overcome any challenges that are identified.


The following site members have contributed to this page:

External Links & References

  1. Google Search
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