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Local Government (Content of Plans and Strategies) Order 2014
4Classes of assets
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4 Classes of assets
The following classes of assets are major assets for the purposes of section 70B of the Act:
(a) roads, bridges (including culverts) and traffic infrastructure;
(b) stormwater infrastructure;
(c) buildings;
(d) any other class of assets, except land, where the total value of all assets within that class held by the relevant council is 5% or more of the total asset base of that council.