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	Asset Report
	Asset Register Form
	Asset Transfer Form

Direcção Nacional do Património du Estadal

Decree Law 2005/5 signed on 28 June 2005 for the Restructure of the Constitution of the Government.

Article 18 of that decree creates:
“the Ministry of Finance as a central organ of the Government with responsibility for the planning, execution, coordination and regulation of the policies and the decisions of the Council of Ministers, in the areas of planning, budgeting and financial management, including the following, namely:

Accounting for the Património of the state, without prejudicing the Ministry of Justice’s role in managing immoveable património.

Role of the Direcção Nacional do Património du Estadal

1. Establish and maintain a whole of government system to safeguard the assets of the state of Timor Leste.
   
   

2. Maintain efficient and effective asset management procedures for the recording, monitoring and reporting of all classes, categories and types of assets.

3. Regular reporting on classes, categories and types of assets to users to meet their requirements.

4. Physical inspection of asset registers to ensure data is reliable, accurate and complete.

5. Providing policy advice, asset management and property disposal services to the Government to assist it achieve its objectives.
    

Function of NPD

1. Policy Advice to the Minister on legislation and regulations required to manage and dispose of assets of the state of Timor-Leste.
2. Maintain and distribute a Manual on the minimum policies and procedures for the management of assets generally and for specific classes, categories and types of assets.
3. Maintain an Asset Register for all assets of the state of Timor-Leste.
4. Provide reports on the condition, replacement and maintenance requirements of each class, category and type of assets.
5. Provide asset management services such as:
   1. Useful life assessment of each sub category of assets
   2. Advice to ministries on cost and replacement schedules for asset stock
   3. Advice to ministries in assessing asset conditions.
   4. Advice to ministries on assessing asset requirements and finding non-asset solutions
   5. Advice to Minister on cost-effective asset management strategies.
6. Provide property disposal services such as:
   1. On-site condition assessment of assets no longer in use by Program Managers and other Agency Manager.
   2. Transport and Storage of properties for disposal
   3. Disposal of properties declared surplus to the needs of the state of Timor-Leste.

It has a presence in Dili, Suai and Oecussi. It will need to establish a presence in Baucau if the Eastern districts are to have access to asset management and property disposal services.