Are there any guidelines for government agencies for the disposal of public property?
Regulation 7 of the Financial Management and Accountability Regulations 1997 (Regulations) allows the Minister for Finance and Administration to issue CPGs which may include guidelines on ‘the disposal of public property’. However, there are no requirements in the CPGs on the disposal of property. Chief Executives of FMA Act agencies are required by section 44 of that Act to manage Commonwealth resources in an efficient, effective and ethical manner. The management of disposals falls within those responsibilities. Chief Executive’s Instructions may be issued on the disposal of public property. Chief Executive’s Instructions, issued under the authority of the FMA Act in accordance with FMA regulation 6, are designed to enable a Chief Executive to address any other elements of the framework if an agency considers there is a need for additional guidance. It is appropriate to consider the potential future costs (or benefits) of disposing of goods when undertaking a whole-of-life costing as
