Policy Review - Draft Asset Management Policy

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Consultation has concluded

The ongoing management of the Community’s assets is fundamental for any Council’s activities. Port Macquarie-Hastings Council has under its control over $2.6billion worth of Community assets, with the majority of value being in roads, bridges, stormwater, footpaths, water and sewer.

Asset Management is a systematic, organisational wide process which guides the planning, design, acquisition, operation, maintenance, upgrade, renewal and disposal of assets. Council is committed to managing the community’s assets in accordance with recognised best practice and obligations required under relevant legislation.

The Asset Management Policy establishes a framework that determines the nature and direction of Asset Management within Port Macquarie-Hastings Council. The Policy was last reviewed in 2017 and this latest review contains only minor amendments.

Amendments to the policy include:

  • Value of current replacement cost of assets updated from $2.7billion to $2.65billion
  • Under ‘Policy Principles’ section - amendment of wording to include reference to a ‘maturing approach to Asset Management Planning’
  • Under ‘Policy Principles’ - amendment of wording to include reference to a ‘standard condition rating and inspection regime’
  • Replacement of ‘General Manager’ to ‘Chief Executive Officer’
  • Replacement of Project Owner from ‘Director Strategy & Growth’ to ‘Director Community Utilities’

A further report will be tabled at a future meeting of Council, detailing the submissions received from the public during the exhibition period

Have Your Say

Submissions can be made by

All submissions must be received by close of business on Wednesday, 20 April 2022.

The ongoing management of the Community’s assets is fundamental for any Council’s activities. Port Macquarie-Hastings Council has under its control over $2.6billion worth of Community assets, with the majority of value being in roads, bridges, stormwater, footpaths, water and sewer.

Asset Management is a systematic, organisational wide process which guides the planning, design, acquisition, operation, maintenance, upgrade, renewal and disposal of assets. Council is committed to managing the community’s assets in accordance with recognised best practice and obligations required under relevant legislation.

The Asset Management Policy establishes a framework that determines the nature and direction of Asset Management within Port Macquarie-Hastings Council. The Policy was last reviewed in 2017 and this latest review contains only minor amendments.

Amendments to the policy include:

  • Value of current replacement cost of assets updated from $2.7billion to $2.65billion
  • Under ‘Policy Principles’ section - amendment of wording to include reference to a ‘maturing approach to Asset Management Planning’
  • Under ‘Policy Principles’ - amendment of wording to include reference to a ‘standard condition rating and inspection regime’
  • Replacement of ‘General Manager’ to ‘Chief Executive Officer’
  • Replacement of Project Owner from ‘Director Strategy & Growth’ to ‘Director Community Utilities’

A further report will be tabled at a future meeting of Council, detailing the submissions received from the public during the exhibition period

Have Your Say

Submissions can be made by

All submissions must be received by close of business on Wednesday, 20 April 2022.