Asset Fair Value to AASB 13: bridging a gap between finance and asset managers

Melbourne | 27 August | 12pm – 1.15pm

Asset managers and finance teams have differing commitments in the management of assets for their organisation. Asset valuations require an understanding of both perspectives to form a unique perspective that is of interest to investors, owners, tax authorities and others.

Valuations for financial reporting are required to meet AASB 13 and they in turn are derived from Valuation Standards. Valuation professionals are obliged to comply first with their industry standards and then with accounting standards. While valuations are generally understood by most the detail is complex and often leads to misunderstanding and confusion.

The presentation seeks to inform and align asset managers understanding of the language and rational of valuations.

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Tauranga City’s Wedge Model: Getting Asset Information Right the First Time and Building In-house Capability

Online | 1 September | 1pm AEST

This presentation will focus on how Tauranga City Council’s City Water team used the Wedge Model to get asset data right first time and build in-house capability. It sets clear asset information requirements, embeds ISO 19650-aligned ways of working in live projects, and transfers knowledge through shadow consulting so the council team can lead without ongoing external support.

The work improved handover readiness and reduced information chasing and rework. The delivery milestone was a digital twin water network pilot (March 2025) bringing together GIS, hydraulic modelling and SCADA to support day-to-day operational decisions.

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