Chapter 4—Management and accountability

Asset management

The agency continued to apply best practice asset management principles to its facilities and associated assets. Issues that could affect energy consumption, waste, recycling and climate change are also considered

Two plans ensure that the management of assets forms part of the agency’s integrated planning and management framework:

  • the Asset Management Administrative Procedure, which is used to manage an annual stocktake of assets
  • the Heritage Management Plan, which is used to manage the heritage assets of the building and the agency’s heritage collection of furniture and fittings.

Condition assessment and strategic life-cycle planning are used to develop asset replacement plans for key assets. The Life Cycle Cost Plan guides activity for the conservation, refurbishment and cyclical works required to maintain the building over the next 15 years. Such plans are critical tools in implementing the agency’s annual Business Plan and developing its budget. They are also integral to long-term planning and management to maximise the facilities’ capability and useful life.

Major asset development projects undertaken during the year are described in the report on performance for Program 1.1.

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