❓ A parliamentary question seeks information on the Department of Housing and Works' intellectual property asset register, valuation practices, and financial reporting. The response indicates a partial register exists, primarily for software, and other IP is internally focused and lacks external commercial value.
AnsweredQoN 415Legislative Council
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?
(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 Housing and Works
Response time
29 days
(1) – (8) The Department of Housing and Works maintains an asset register of all property which includes some intellectual property especially with respect to computing software. These are included in our financial statements. Information on other intellectual property is maintained but it does not have any commercial value to external parties, eg procedures, processes and products, which are internally generated and specific to the organisation.
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