ESM-PR-001: Resource Replacement Scheme

• Financial Administration and Audit Act 1977 (new window) Section 36 Part 1(a) http://www.legislation.qld.gov.au/LEGISLTN/CURRENT/F/FinAdminAudA77.pdf

• FCM-PR-001: Asset Maintenance /strategic/eppr/facility/fcmpr001/
• ESM-PR-002: Equipment Management /strategic/eppr/equipment/esmpr002/
• SCM-PR-005: School Security /strategic/eppr/schools/scmpr005/
• FNM-PR-010: Accounting in Schools and Other Centres /strategic/eppr/finance/fnmpr010/
• FNM-PR-003: Risk Management /strategic/eppr/finance/fnmpr003/

Statement of intent

Education Queensland will compensate all educational sites for resources lost through an incident, in accordance with the specified loss cover of the Resource Replacement Scheme.

Key aspects of the Scheme include:

• cover for certain losses from break and enter (via forced entry), fire, vandalism and natural disasters such as flood or cyclone;
• cover provided on the basis that the risk of losses is effectively managed at the site;

compensation generally on a "new for old" basis;

• an excess applicable to all departmental locations;
• an age limit applicable to resources lost;
• flexibility in utilising compensation payments;
• catastrophe cover for non-school locations;
• development of departmental loss statistics to inform the School Security Program

The Resource Replacement Scheme complements a range of departmental risk management programs which aim to rectify the damage or loss caused by an incident which is beyond the control of the school/site. The aim of the scheme is to provide compensation to cover losses and allow the school to continue operations with minimal disruption.

The management of claims which qualify under the Queensland Government Insurance Fund and Natural Disaster Relief Arrangements are included in this procedure.

Contacts

For further information, contact:

For further information, contact: No results from phone include!

• AM-07: Resource Replacement Scheme - Version: 2003