sec.279ARecording and notifying loss of council asset

sec.279A Recording and notifying loss of council asset

This section applies if the chief executive officer— is aware of a loss of an asset belonging to the council that the officer is satisfied is a reportable loss; or reasonably suspects there has been a reportable loss of an asset belonging to the council; or is aware of a material loss of an asset belonging to the council. The chief executive officer must keep a written record of the following details about the loss— a description of the asset, including its value; the cause of the loss; the action taken by the council to deal with the loss, including, for example— action to remedy any weakness in the council’s operations; or action taken to recover the loss; approval for writing off the loss. If the chief executive officer is satisfied the material loss is also a reportable loss, the officer must notify the following as soon as practicable, but not more than 6 months after the officer becomes aware of the loss— the auditor-general; for a loss resulting from the commission of an offence under the Criminal Code or another Act—a police officer; for a loss resulting from the corrupt conduct of a councillor, council employee or council worker—the Crime and Corruption Commission. In this section— corrupt conduct see the Crime and Corruption Act 2001 , section 15 . material loss , for an asset belonging to the council, means— for money—a loss of more than $500; or for any other asset—a loss valued by the chief executive officer at more than $5,000. reportable loss , for an asset belonging to the council, means a loss resulting from— the commission of an offence under the Criminal Code or another Act; or the corrupt conduct of a councillor, council employee or council worker; or conduct of a contractor of the council that would be corrupt conduct if the contractor were a councillor, council employee or council worker. s 279A ins 2015 SL No. 140 s 3 amd 2025 SL No. 161 s 12 (sec.279A-ssec.1) This section applies if the chief executive officer— is aware of a loss of an asset belonging to the council that the officer is satisfied is a reportable loss; or reasonably suspects there has been a reportable loss of an asset belonging to the council; or is aware of a material loss of an asset belonging to the council. (sec.279A-ssec.2) The chief executive officer must keep a written record of the following details about the loss— a description of the asset, including its value; the cause of the loss; the action taken by the council to deal with the loss, including, for example— action to remedy any weakness in the council’s operations; or action taken to recover the loss; approval for writing off the loss. (sec.279A-ssec.3) If the chief executive officer is satisfied the material loss is also a reportable loss, the officer must notify the following as soon as practicable, but not more than 6 months after the officer becomes aware of the loss— the auditor-general; for a loss resulting from the commission of an offence under the Criminal Code or another Act—a police officer; for a loss resulting from the corrupt conduct of a councillor, council employee or council worker—the Crime and Corruption Commission. (sec.279A-ssec.4) In this section— corrupt conduct see the Crime and Corruption Act 2001 , section 15 . material loss , for an asset belonging to the council, means— for money—a loss of more than $500; or for any other asset—a loss valued by the chief executive officer at more than $5,000. reportable loss , for an asset belonging to the council, means a loss resulting from— the commission of an offence under the Criminal Code or another Act; or the corrupt conduct of a councillor, council employee or council worker; or conduct of a contractor of the council that would be corrupt conduct if the contractor were a councillor, council employee or council worker.