scope:

This guidance applies to engineering Assets listed in the Attachments to the Asset Condition Reporting standard, S1042.

The scope of reporting is limited to:

a) residual Life of the Asset base

b) failures to meet Required Duty that result in Functional Condition Concerns:

statutory non-compliance and/or

safety risks that may result in customer or staff fatalities and/or injuries, which require either control or mitigation to achieve risk levels of ALARP or better and/or

extraordinary maintenance and/or operational activities, outside of the maintenance regime, which are uneconomic and/or unsustainable and/or

performance risks.

c) degradation Concerns.

The scope of reporting includes software and firmware, but excludes:

a) information and documentation used to support management of a physical Asset

b) any aspect of failure to meet Required Duty that does not result in any of the business impacts covered by 2.2 above (i.e. transient defects).

Purpose

The purpose of this guidance is to: a) explain the principles of Asset Condition Reporting (ACR) b) provide instructions and guidelines to support the accurate and timely production, submission and review of the annual Asset Condition Report and Asset Safety and Management Certificates in compliance with the Asset Condition Reporting standard, S1042.