A WA parliamentary question seeks information on the intellectual property assets held by the Agriculture, Forestry and Fisheries portfolio, including their registration, valuation, and inclusion in financial reports. The responses vary across departments, highlighting inconsistencies in IP asset management.

AnsweredQoN 413Legislative Council
Asked
5 March 2003
Portfolio
Agriculture, Forestry and Fisheries

QuestionView source ↗

(1) Do the respective Departments or Agencies within your portfolio maintain a current register which lists the assets comprising the Intellectual Property of the respective Departments or Agencies?
(2) If not, why not?
(3) Are these assets valued on an annual basis?
(4) If not, why not?
(5) What is the capital value of these assets?
(6) Do the assets comprising the Intellectual Property of these Departments or Agencies appear in their respective balance sheets or Annual Reports?
(7) Will you table a copy of the respective registers?
(8) If not, why not?

AnswerView source ↗

Answered
3 April 2003
Responded by
Minister for Agriculture, Forestry and Fisheries
Response time
29 days
1) Yes. The Department's assets, inclusive of Intellectual Property, are registered in accordance with Treasurer's Instruction 410. 2) Not applicable 3) Assets of an Intellectual Property nature are not valued annually. All other Department assets are valued under Australian Accounts Standards 10 (AAS10) 4) The Department is reviewing the judgement of certainty associated with the value to be assigned to its Intellectual Property. Certainty of the future economic benefit is a fundamental requirement of the Australian Accounting Standards. 5) The Department indicated in its 2001-02 Annual Report that it expected to measure the capital value of its Intellectual Property and to disclose the estimated value in the 2002-03 Annual Report. 6) Refer question 4) and 5). 7) No 8) The Intellectual Property register contains information on approximately 1200 sets of documents. It is not practical to table a copy of the information, much of which is commercially sensitive. Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
2) Not applicable 3) Assets of an Intellectual Property nature are not valued annually. All other Department assets are valued under Australian Accounts Standards 10 (AAS10) 4) The Department is reviewing the judgement of certainty associated with the value to be assigned to its Intellectual Property. Certainty of the future economic benefit is a fundamental requirement of the Australian Accounting Standards. 5) The Department indicated in its 2001-02 Annual Report that it expected to measure the capital value of its Intellectual Property and to disclose the estimated value in the 2002-03 Annual Report. 6) Refer question 4) and 5). 7) No 8) The Intellectual Property register contains information on approximately 1200 sets of documents. It is not practical to table a copy of the information, much of which is commercially sensitive. Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
3) Assets of an Intellectual Property nature are not valued annually. All other Department assets are valued under Australian Accounts Standards 10 (AAS10) 4) The Department is reviewing the judgement of certainty associated with the value to be assigned to its Intellectual Property. Certainty of the future economic benefit is a fundamental requirement of the Australian Accounting Standards. 5) The Department indicated in its 2001-02 Annual Report that it expected to measure the capital value of its Intellectual Property and to disclose the estimated value in the 2002-03 Annual Report. 6) Refer question 4) and 5). 7) No 8) The Intellectual Property register contains information on approximately 1200 sets of documents. It is not practical to table a copy of the information, much of which is commercially sensitive. Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
4) The Department is reviewing the judgement of certainty associated with the value to be assigned to its Intellectual Property. Certainty of the future economic benefit is a fundamental requirement of the Australian Accounting Standards. 5) The Department indicated in its 2001-02 Annual Report that it expected to measure the capital value of its Intellectual Property and to disclose the estimated value in the 2002-03 Annual Report. 6) Refer question 4) and 5). 7) No 8) The Intellectual Property register contains information on approximately 1200 sets of documents. It is not practical to table a copy of the information, much of which is commercially sensitive. Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
5) The Department indicated in its 2001-02 Annual Report that it expected to measure the capital value of its Intellectual Property and to disclose the estimated value in the 2002-03 Annual Report. 6) Refer question 4) and 5). 7) No 8) The Intellectual Property register contains information on approximately 1200 sets of documents. It is not practical to table a copy of the information, much of which is commercially sensitive. Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
6) Refer question 4) and 5). 7) No 8) The Intellectual Property register contains information on approximately 1200 sets of documents. It is not practical to table a copy of the information, much of which is commercially sensitive. Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
7) No 8) The Intellectual Property register contains information on approximately 1200 sets of documents. It is not practical to table a copy of the information, much of which is commercially sensitive. Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
8) The Intellectual Property register contains information on approximately 1200 sets of documents. It is not practical to table a copy of the information, much of which is commercially sensitive. Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
Department of Fisheries 1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
1) Yes 2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
2) Not applicable 3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
3) No 4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
4) Property registered is difficult to value 5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
5) Not determined 6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
6) No 7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
7) Yes. See attached 8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
8) Not applicable Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
Forest Products Commission 1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
1) No 2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
2) This matter is currently being investigated. 3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
3) Not applicable 4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
4) Not applicable 5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
5) Not applicable 6) Not applicable 7) Not applicable 8) Not applicable
6) Not applicable 7) Not applicable 8) Not applicable
7) Not applicable 8) Not applicable
8) Not applicable

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