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Latest NAMS.AU News:
Australian Infrastructure Financial Management Guidelines Launched
Practice Notes for Buildings now released.
Prime Minister announces major initiatives in Asset Management:
Policy on National Approach to Asset Management PlanningIPWEA NAMS.AU supports the application of a nationally consistent framework for infrastructure asset management planning in the interests of greater efficiency and optimum use of resources in the asset management task. To achieve that goal, NAMS.AU encourages all entities with responsibility for managing service delivery from infrastructure assets to adopt the structure and framework for asset management planning in accordance with the International Infrastructure Management Manual (refer Appendix A, IIMM, 2006). The IIMM is widely recognised internationally as the world reference on asset management. A copy of the Policy and Background is available for download. Policy on Legislation for Sustainable Management of InfrastructureIPWEA NAMS.AU has a Policy which encourages all State and Territory Governments to introduce legislation requiring Local Governments, Regional and State Owned Utility Authorities, and State/Territory Departments with responsibility for infrastructure assets, to develop and maintain long term financial plans based on sound infrastructure asset management plans. These long term financial plans should cover a forward planning horizon of at least ten years and the asset management plans on which they are based should desirably cover a twenty year period. Such legislation should not be prescriptive as to how these plans are to be prepared but should require entities to demonstrate to their communities and stakeholders, that they are financially sustainable in the long term, through appropriate annual reporting. It is important that long term asset and financial plans are not produced for mere compliance with legislation, but to form an essential part of management of an organisation. A copy of the Policy and Background is available for download. Asset Management DVD
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IPWEA has produced a DVD presenting a sustainable framework for the management of community infrastructure. It is based on 3 key elements: The above three elements provide the framework for implementing a sustainable approach to the management of community infrastructure.
The above three elements provide the framework for implementing a sustainable approach to the management of community infrastructure.
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For further information: |
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Stewardship: The Role of Elected Members - Elected Members need an
understanding of their role as stewards of the communities’
assets.
Infrastructure Financial Management Guidelines
IPWEA NAMS.AU is developing new national guidelines for financial management of infrastructure. A series of 8 Position Papers is being prepared as part of the background to development of the Guidelines. Your comment is invited.
Position papers for comment:
Draft Table of Contents (PDF,
178k)
Position Paper
1 (PDF, 522k)
- Asset Consumption vs. Asset Renewal
Position Paper
2 (PDF, 638k) -
Sustainability in Service Provision
Position Paper
3 (PDF, 825k)-
Performance Measures
Position Paper
4 (PDF,
460k)- Recognition of an
Asset
Position Paper
5 (PDF, 470k)-
Capitalisation Policies
Position Paper
6 (PDF, 353k)-
Revaluation
Position Paper
7 (PDF,
678k)- Determining Remaining
and Useful Life
Position Paper
8 (PDF, 348k)- Long
Term Financial Planning
Please send your comments
to: John Howard
johnhoward.jra@bigpond.com
Useful Links:
AMQ Strategic Asset Management - Good AM resourceAmerican Public Works Association
Australian Infrastructure Report Card
MAV Asset Management Knowledge Base
Municipal Foundation of Victoria - Study Tour Reports
Infraguide: National Guide to Sustainable Municipal Infrastructure - National Research Council of Canada
Risk Profile Survey - Penriths tool to benchmark assets risk management
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