City of Stirling Buildings Asset Managment Plan 2018 - 2028

3.3 Legislative requirements In addition to using asset management as a tool to manage the community’s assets and provide better services to the community, there are also legislative requirements that the City must comply with in relation to the management of its building assets. This BAMP is governed by legislative and statutory requirements, many of which are documented in Table 3.3 below.

Legislation/standard

Requirement

Western Australia Local Government Act 1995

The Act sets out role, purpose, responsibilities and powers of local governments including the preparation of a long-term financial plan supported by asset management plans for sustainable service delivery Section 5.56(1) and (2) of the Act requires that each local government is ‘to plan for the future of the district’, by developing and adopting a strategic community plan and a corporate business plan

Local Government (Administration) Regulations 1996

Building Code of Australia, Building Act 2011

This Act provides prescriptive requirements across the built environment

Disability Services Act 1993

This Act sets the standards for access

Occupational Safety and Health Act 1984 and Occupational Safety and Health Regulations 1996

This Act provides for the safety and health of employees, contractors and the public utilising the City’s facilities

Heritage of Western Australia Act 1990

Provides for and encourages the conservation of places which have significance to the cultural heritage in the State, to establish the Heritage Council of WA, and for related purposes These set out the financial reporting standards relating to infrastructure assets. Standards of particular relevance to infrastructure assets include: • AASB 116 Property, Plant and Equipment – prescribes requirements for recognition and depreciation of property, plant and equipment assets • AASB 136 Impairment of Assets – aims to ensure that assets are carried at amounts that are not in excess of their recoverable amounts • AASB 13 – Fair Value Measurement – defines a market based measurement system for ‘Fair Value’ measurement of assets Asset management plans should be developed as informing strategies to allow a local government to set its priorities within its resourcing capacity and deliver short, medium and long-term community priorities and aspirations in their Corporate Business Plan This framework was developed to assist local governments plan and manage assets so that the long-term aspirations of their communities can be reached

Australian Accounting Standards

Integrated Planning and Reporting Framework and Guidelines

Asset Management Framework and guidelines for Western Australian Local Governments

Table 3.3 Legislative requirements

Buildings Asset Management Plan 2018 – 2028 | 21