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Asset management

The Commission manages assets with a gross value of $9.43 million ($9.55 million in 2011–12). These assets are managed by groups to meet their business needs.

The Commission conducts annual reviews of our capital budget and plan. A four-year capital investment plan is developed from which the Commission manages our future asset purchases and disposals. All assets owned by the Commission, including any information technology assets, are subject to an annual stocktake to verify the accuracy of asset records. Assets are depreciated at rates applicable for each asset class, as verified by the Australian National Audit Office.