The Government has approved a new asset management policy which aims to drive better asset management through strengthening accountability, performance and capability across the public sector. The policy will reflect the Government's objective to achieve a consistent and improved approach to asset planning and delivery that is underpinned by the consideration of asset lifecycle costs, performance, risk and economic modelling to support the strategic priorities of the NSW Government.
The new policy, TPP 19-07 published on this page is to replace the previous Total Asset Management policy.
All Budget Material Agencies (as listed in NSW Budget Paper No. 1), except for state-owned corporations and public financial corporations, are considered within the scope of the policy and are required to adopt the core requirements.
Agencies should contact either their relevant NSW Treasury analyst for guidance or email Infrastructure NSW on [email protected]