Gifted Asset

Gifted Asset is a synonym for Donated Asset.

A 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;

External Links & References

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