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Latest NAMS.AU News:

1. PRACTICE NOTES. Kerb & Channel / Gutter released; Footpaths & Cycleways also available)

2. NAMS.PLUS coming soon to Queensland and Victoria (now operating in NSW, WA and Tasmania)

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NAMS Australia (NAMS.AU):

The IPWEA National Asset Management Strategy Committee (NAMS.AU) provides national leadership and advocacy in the sustainable management of community infrastructure.

NAMS.AU provides resources to assist asset management practitioners.

Contact: Peter Way
Chairman, IPWEA NAMS.AU Committee
Institute of Public Works Engineering Australia

Thank you to our Corporate Supporters for providing valuable support of NAMS.AU

Policy on Legislation for Sustainable Management of Infrastructure

IPWEA 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
Sustainable Communities: Critical Insights

The asset management story is now available on DVD. It assists in providing critical insights to elected members and the wider community.

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.

Stewardship: The Role of Elected Members - Elected Members need an understanding of their role as stewards of the communities’ assets.

Asset Planning: Managing Existing as well as New - We need to know the resources required to sustainably manage existing assets into the future. This is through the preparation of Asset Management Plans.

Financial Planning: An Essential Part of Business The third element is to move from annual budgeting to long term financial planning. Ten year financial strategies need to be founded on sound 20 year asset management plans.

The above three elements provide the framework for implementing a sustainable approach to the management of community infrastructure.

The Asset Management Story (PDF, 877k)
More information and AM DVD Order Form (PDF, 440k)

For further information:
Lita Somogyi

		+61 2 8267 3001
		+61 2 9283 5255
		lsomogyi@ipwea.org.au

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 resource
American Public Works Association

ARRB Transport Research

Australian Infrastructure Report Card

Austroads

MAV Asset Management Knowledge Base

Municipal Foundation of Victoria - Study Tour Reports

National Guide to Sustainable Municipal Infrastructure - National Research Council of Canada

Risk Profile Survey - Penriths tool to benchmark assets risk management