Unit of competency Outline
Date retreived
22/07/2026 3:37 AM AWST
22/07/2026 3:37 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Acquire and dispose of assets
Acquire and dispose of assets
Unit of competency
National Code
LGACOM601A
LGACOM601A
State Code
C3828
C3828
TGA Status
Deleted
Deleted
DTWD Status
Deleted
Deleted
State Implementation and Classification
Approved Date
18/05/2004
Field of Education
080301 - Business Management
Original Release Date
18/05/2004
Nominal Hours
40
Description
This unit covers planning for and undertaking the acquisition of new assets and disposal of surplus assets.
Notes
Elements and Performance Criteria
1. Plan to introduce new assets
- 1.1.Clear need for asset is demonstrated based on strategic or customer requirements.
- 1.2Alternative options are identified.
- 1.3.Level of service in relation to demand, reliability, quality and life span of asset is assessed.
- 1.4.All costs relating to life cycle of the asset are predicted.
- 1.5.Planning strategies clearly identify how life cycle costs are to be funded.
- 1.6.Performance of assets and probability of failure for aggregated and individual assets are predicted.
- 1.7.Planning decisions are analysed for cost options.
2. Conduct project evaluation
- 2.1.Costs for new service or service levels are compared with alternative options to enable selection of option that best satisfies need.
- 2.2.Costs for new services or service levels are assessed as justifiable in terms of benefits.
3. Determine acquisition and supply strategy
- 3.1.Acquisition and supply strategy is determined to clearly define key asset deliverables.
4. Collect asset information for management system
- 4.1.Commissioning lists are completed and life cycle condition monitoring and maintenance programs are set up.
- 4.2.Asset management systems are implemented.
- 4.3.All documentation recording relevant details on the asset is collected.
5. Plan for disposal of surplus assets
- 5.1.Current condition and ultimate failure mode of asset are confirmed.
- 5.2.Availability of asset/components for disposal is assessed in terms of current usage, potential usage and availability of alternative service options.
- 5.3.Book value and accumulated depreciation of asset are identified to enable profit/loss on disposal to be calculated.
- 5.4.Barriers to disposal of asset are identified.
- 5.5.Methods of disposal are identified and assessed against organisational and legislative requirements and costs.
6. Dispose of assets
- 6.1.Assets are disposed of in line with legislative requirements.
- 6.2.Disposal of assets is conducted in line with council's renewal and replacement policies.
The Range Statement relates to the Unit of Competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the Performance Criteria is detailed below.
Assets may include:
all non-current structures or items of plant or equipment that provide service potential or future economic benefit
Life cycle costs may include:
development
design
purchase and/or construction
operation
maintenance
disposal
Cost options may include:
adjust level of service
change maintenance regime
reduce demand or growth in demand to avoid capacity failure
Asset acquisition/creation may include:
the provision of, or improvement to, an asset where the outlay can reasonably be expected to provide benefits beyond the year of outlay
Relevant details to be documented may include:
cost of asset
projected life cycle costs
Barriers to disposal of assets may include:
legal
physical
environmental
social
heritage
Methods of disposal may include:
sale
donation
exchange
cannibalism of products/assets
Council policies relating to disposal may include:
environmental
sustainability
heritage
Assets may include:
all non-current structures or items of plant or equipment that provide service potential or future economic benefit
Life cycle costs may include:
development
design
purchase and/or construction
operation
maintenance
disposal
Cost options may include:
adjust level of service
change maintenance regime
reduce demand or growth in demand to avoid capacity failure
Asset acquisition/creation may include:
the provision of, or improvement to, an asset where the outlay can reasonably be expected to provide benefits beyond the year of outlay
Relevant details to be documented may include:
cost of asset
projected life cycle costs
Barriers to disposal of assets may include:
legal
physical
environmental
social
heritage
Methods of disposal may include:
sale
donation
exchange
cannibalism of products/assets
Council policies relating to disposal may include:
environmental
sustainability
heritage
Overview of assessment requirements
A person who demonstrates competency in this unit will be able to perform the outcomes described in the Elements to the required performance level detailed in the Performance Criteria. The knowledge and skill requirements described in the Range Statement must also be demonstrated. For example, knowledge of the legislative framework and safe work practices that underpin the performance of the unit are also required to be demonstrated.
Critical aspects of evidence to be considered
Demonstration of need for asset and consideration of full range of alternatives.
Costing to include all life cycle costs.
Collection of asset information and implementation of asset management systems.
Adequate planning for disposal of assets.
Disposal of assets in line with all requirements, including relevant environmental and sustainability practices.
Context of assessment
On the job or in a simulated work environment.
Relationship to other units(prerequisite or co-requisite units)
Prerequisite units: nil.
To enable holistic assessment this unit may be assessed with other units that form part of the job role in particular:
LGAGOVA614B Monitor and maintain quality of asset management system
Method of assessment
The following assessment methods are suggested:
observation of the learner performing a range of workplace tasks over sufficient time to demonstrate handling of a range of contingencies
written and/or oral questioning to assess knowledge and understanding
completion of workplace documentation
third-party reports from experienced practitioners
completion of self-paced learning materials including personal reflection and feedback from trainer, coach or supervisor.
Evidence required for demonstration of consistent performance
Evidence will need to be gathered over time across a range of variables depending on council work flow and planning cycle as long as the critical aspects of evidence can be demonstrated. Assessment is best demonstrated by submission of a documented strategy outlining the steps involved in asset acquisition and disposal.
Resource implications
Access to a workplace or simulated case study on purchase and disposal. In off-the-job situations students must have access to:
relevant data on asset costs
relevant legislation
council policies
asset management software
A person who demonstrates competency in this unit will be able to perform the outcomes described in the Elements to the required performance level detailed in the Performance Criteria. The knowledge and skill requirements described in the Range Statement must also be demonstrated. For example, knowledge of the legislative framework and safe work practices that underpin the performance of the unit are also required to be demonstrated.
Critical aspects of evidence to be considered
Demonstration of need for asset and consideration of full range of alternatives.
Costing to include all life cycle costs.
Collection of asset information and implementation of asset management systems.
Adequate planning for disposal of assets.
Disposal of assets in line with all requirements, including relevant environmental and sustainability practices.
Context of assessment
On the job or in a simulated work environment.
Relationship to other units(prerequisite or co-requisite units)
Prerequisite units: nil.
To enable holistic assessment this unit may be assessed with other units that form part of the job role in particular:
LGAGOVA614B Monitor and maintain quality of asset management system
Method of assessment
The following assessment methods are suggested:
observation of the learner performing a range of workplace tasks over sufficient time to demonstrate handling of a range of contingencies
written and/or oral questioning to assess knowledge and understanding
completion of workplace documentation
third-party reports from experienced practitioners
completion of self-paced learning materials including personal reflection and feedback from trainer, coach or supervisor.
Evidence required for demonstration of consistent performance
Evidence will need to be gathered over time across a range of variables depending on council work flow and planning cycle as long as the critical aspects of evidence can be demonstrated. Assessment is best demonstrated by submission of a documented strategy outlining the steps involved in asset acquisition and disposal.
Resource implications
Access to a workplace or simulated case study on purchase and disposal. In off-the-job situations students must have access to:
relevant data on asset costs
relevant legislation
council policies
asset management software
No information
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