A tree is a long lived woody perennial plant greater than (or usually greater than) 3m in height with one or relatively few main stems or trunks.


Some Councils consider trees to be assets, and include them in their asset register, either individually, as a group or as a sub-component of softscaping.

Techncially, trees should be included as an asset in your balance sheet because they provide future economic benefits that last more than 12 months. However, this does not mean you value every tree as a separate asset. There is a specific accounting standard (AASB141) which deals with Agricultural Assets and these types of trees do not make the cut. The cost of trees and softscaping is generally not considered a "material" cost of roads but can be for major sporting facilities and community space. The cost would normally be included under a component called "softscaping" but only if it was considered material. Generally this is not the case and therefore the cost of such would normally be taken into account as just part of the normal replacement cost. Certainly however the cost of future maintenance, renewal, etc should be incorporated into an Asset Management Plan. This is a good example that demonstrates that Asset Accounting and Asset Management need to be integrated but that the figures and calculations are not the same.

Data Standard for Road Management and Investment in Australia and New Zealand

Section 8.3.30 of the Data Standard for Road Management and Investment in Australia and New Zealand lists a range of attributes that can be used when collecting data about trees.

Related Pages

References & External Links

  1. Wikipedia
  2. TreeNet
  3. Tree Roots and Sewer Pipes (Western Water)
  4. AS 4970-2009 Protection of trees on development sites
  5. Asset Management of Trees (IPWEA Discussion)
  6. Google Search
  7. Open Clipart
  8. Rainbow lorikeets, gliders and cockatoos call man-made hollows home - ABC (July 2018)
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