Assets - Valuation of Physical Non-Current Assets at Fair Value

Summary
The Valuations of Assets policy has been tailored to NSW Health needs with reference being made to the Department's 3 yearly revaluation policy, the need to engage external valuations, the recognition of heritage assets at "written down replacement" of a modern equivalent asset, the exclusion of Plant & Equipment from revaluation requirements, the expectation that there are no investment properties. The updated policy should not require any change in accounting treatment with NSW Health and the prime benefit of its issue is to consolidate various instructions issued and extend the guidance available.

Date of Publication: 18 February 2008

Replaces: N/A
Author Branch: Finance and Business Management

This document applies to: Area Health Services/Chief Executive Governed Statutory Health Corporation, Board Governed Statutory Health Corporations, NSW Ambulance Service, NSW Dept of Health

Audience: Administration

Distributed to: Public Health System, NSW Ambulance Service , NSW Department of Health, Public Hospitals

Review Date: 18 February 2011

Status: Active

File link: Assets - Valuation of Physical Non-Current Assets at Fair Value
File size: 267Kb