Non-Current Asset Policies for the Queensland Public Sector

These policies aim to provide a framework for identifying, valuing, recording and writing-off non-current physical and intangible assets. The policies must be read in conjunction with the relevant Australian accounting standards and are not intended to be read in substitution for them.

Non-current asset policies tools

The Non-Current Asset Policies Tools contains materials to assist agencies in complying with the Non-Current Asset Policies. The tools do not form part of the Non-Current Asset Policies and have been prepared to provide guidance only. To view the NCAP tools, visit the NCAP tools page.

Documents

• Introduction
• NCAP 1 – Recognition of Assets (Effective from 1 July 2021)
• NCAP 2 – Complex Assets (Effective from 1 July 2019)
• NCAP 3 – Valuation of Assets (Effective from 1 July 2021)
• NCAP 4 – Impairment of Assets (Effective from 1 July 2019)
• NCAP 5 – Depreciation and Amortisation (Effective from 1 July 2019)
• NCAP 6 – Disposal of Non-Current Assets (Effective from 1 July 2019)
• NCAP 7 – Accounting for Library Collections (Effective from 1 July 2019)
• Summary of Mandatory Treasury Policies
• Summary of Stakeholder Feedback 2021-22
• Summary of Noteworthy Changes – 2021-22
• Summary of Noteworthy Changes – 2020-21
• Summary of Noteworthy Changes – 2019-20

More Information

• Non-Current Asset Policies Tools