We value the privacy of our clients, however have been encouraged by the positive feedback received to date:

"It has been a pleasure working with Australis staff during the inspection phase. I was very impressed with how efficiently they got through the sites. In particular I was happy with the following aspects of their work:

1) The data sampling methodology was more comprehensive than I expected

2) They picked up a lot of assets that were not on our books

3) The were very self sufficient and therefore I was able to focus on other work while they completed the inspections.

I also enjoyed the start up and close up meetings which were we clarified what work needs to be done and I found the discussions about valuation techniques very informative." (2018)

"The auditors only had good things to say about Australis" (2018)

“We were very happy with the Asset management and condition assessment project undertaken…..I have you guys on speed-dial.” (2015)

“Thank-you for all your help with this project…I would provide a glowing recommendation.” (2015)

“Thank-you for all help in getting us through audit. Everything was clear and understood. It’s my shout.” (2015)

Case Studies

Case Study 1 – Local Government Entity (Asset Management support)

Australis was initially engaged to carry a Financial Reporting Valuation. After speaking with the client and gaining a better understanding of their requirements to formulate an Asset Management Plan, Australis were able to provide an add-on service in a cost effective manner which incorporates asset management data collection (including a high detail categorisation methodology) as well as defect & maintenance reporting. By integrating this with the valuation inspections and processing, Australis was able to provide two integral services as well as statistical modelling and analysis. This gave the client a clear understanding of their assets' performance. The inspection process also entailed an asset stock take, as a review by Australis management revealed that the asset register was incomplete. Associated GIS layers were also integrated and supplied to the client to provide accurate identification data on the assets.

Case Study 2 – Local Government Entity

The project we were provided was a land revaluation for Financial Reporting where a prior methodology had been undertaken (before AASB13 was in place). As a result of the change in methodology as well as a decline in the property market for the LGA, a significant movement for the asset class was observed. Australis collaborated closely with the client to navigate through the factors contributing to the movement, as well as formulated a bespoke research based position paper on land adjustment factors.

Case Study 3 – State Government Entity

The project we were provided was a revaluation for Financial Reporting and Insurance purposes. With regards to the Financial Reporting component, the prior methodology had not been conducted in accordance with AASB 13, the asset register was inconsistent and incomplete, and many of the assets were not able to be identified, which made it difficult for the client to reconcile actual physical assets with what was listed in their accounting system. Australis brought the valuation methodology into line with AASB 13, as well as re-collected all assets and reformed a systemised easy to understand asset register, linked to GPS co-ordinates on an individual asset basis. The valuations also took account of component breakdowns (for buildings and infrastructure) and a review of the lives formerly used in line with what was actually occurring to the physical assets. Land valuations were also conducted that took into account the highest and best use of each site owned by the entity.

Case Study 4 – New Zealand Local Government

Australis were commissioned to undertake buildings valuations for Financial Reporting purposes as well as an Asset Data Collection and Condition Audit to assist the client with the Asset Management requirements. The Audit and condition assessment was undertaken by a qualified valuer and performed on a detailed (up to 17) component level.  In addition, each building asset was rated having regard to Disabled Access, Heritage/Cultural classifications, Importance, Functionality and level of Maintenance required. Brownfield replacement estimates as well as flags for immediate repairs were also a part of the deliverables. 

aspiring . accountable . accurate