Unit of competency Outline

Date retreived
22/07/2026 7:55 PM AWST

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Dispose of assets

Dispose of assets

Unit of competency
National Code
PSPPCM002
State Code
AWU45
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
07/03/2016
View on TGA
State Implementation and Classification
Approved Date
21/07/2016
Field of Education
080301 - Business Management
Original Release Date
21/07/2016
Nominal Hours
25
Description
This unit describes the skills required to dispose of assets and gain a return from sales. It includes identifying assets for disposal, developing and implementing an asset disposal strategy, and evaluating disposal.This unit applies to those personnel whose duties include carrying out the disposal of assets.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to.Those undertaking this unit will be working independently, and as part of a team, while performing routine tasks in familiar context.No licensing, legislative or certification requirements apply to unit at the time of publication.
Notes
Elements and Performance Criteria
1. Develop a strategy for the disposal of assets
  • 1.1 Identify assets for disposal.
  • 1.2 Determine potential market value of assets.
  • 1.3 Evaluate case for expending resources to add value to assets prior to sale.
  • 1.4 Investigate options for disposal and determine method providing maximum return, in the context of policy, probity requirements and desired outcomes.
  • 1.5 Consider disposal requirements for special categories of assets, including environmental and corporate social responsibility issues.
  • 1.6 Consult stakeholders and incorporate feedback into strategy.
2. Implement a disposal strategy
  • 2.1 Write off and dispose of goods according to approved disposal plan and requirements.
  • 2.2 Maintain records for audit and evaluation purposes.
  • 2.3 Evaluate asset disposal against expected outcomes, including forecast market value of assets and document.
No information
No information
Replaces
State Code National Code Title Type
D3729 PSPPROC405C Dispose of assets Unit of competency