Immovable Asset definition

Immovable Asset means property which can be touched but which cannot be moved, and includes buildings, fixtures or improvements in or over Land and the right of occupation thereof;

Immovable Asset. ’ means land or an immovable structure on land, or rights in 20 such land or immovable structure;

Immovable Asset means any permanent structures, Project Facility or On-site Infrastructure that cannot be removed without causing material damage to the Concession Area or permanent structures thereon.

Examples of Immovable Asset in a sentence

• Cape Government via its Department of Transport and Public Works, of 0 Xxxx Xxxxxx, Xxxx Xxxx, Xxxxxxx Xxxx Xxxxxxxx (“the WCG”) is, in terms of the Government Immovable Asset Management Act 19 of 2007, the Custodian of XXX 000000, Xxxx Xxxx, being the provincial state land (“the Land”) upon which the Unit for sale is situated.

• AMP Spreadsheets: The Government Immovable Asset Management Act, No 19 of 2007 (GIAMA), seeks to introduce measures to ensure a uniform framework for the management of immovable assets that are used by (or is reserved for) a national or a provincial department in support of its service delivery objectives.

• Government is finalising asset registers as it implements the Government Immovable Asset Management Act (2007) to ensure that infrastructure assets are properly maintained.

• The Inspection Team will include suitably qualified respresentatives from the Buildings Infrastructure and Immovable Asset Management Units of DPWI and the client Department.2.2 Bidders whose premises do not meet the above requirements as per this tender technical requirements will be eliminated from further evaluation2.3 Bidders will be given an opportunity to bring their own Technical Team and will be required to attend the meeting at the time more convenient to them.

• The WCED has developed its own guidelines in this regardIn 2010/11, Infrastructure Plans were developed in terms of the regulations of The Government Immovable Asset Management Act (GIAMA) (Act No 19 of 2007).

More Definitions of Immovable Asset

Immovable Asset. ’ means any immovable asset acquired or owned by govern- ment, excluding any right contemplated in the Mineral and Petroleum Resources 20 Development Act, 2002 (Act No. 28 of 2002);

Immovable Asset means any tangible asset acquired or owned by government, excluding any right contemplated in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002). Immovable assets may include land, fixed structures such as buildings and infrastructure assets. Plant that is built-in to the fixed structures and is an essential part of the functional performance of the primary asset is considered an immovable asset (though it may be temporarily removed for repair).”

Immovable Asset means any immovable asset acquired or owned by govern-

Immovable Asset means any immovable asset owned or leased by government

Immovable Asset means any immovable asset acquired or owned by government. Immovable assets are further described as land and any immovable improvement on that land, and which have enduring value and consist of assets of residential, non-residential or infrastructure nature and include machinery and equipment that have been installed and are an integral part of assets and include all assets both state-owned and leased. This excludes any right contemplated in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

Immovable Asset means immovable property and includes: i.any land (including erven) in the normal sense of the word; ii.any sectional unit under the Sectional Titles Act;

Immovable Asset means an immovable asset as defined by the Government-wide Immovable Asset Management Act.