Asset Management Ramping Up In Victoria

Alf Della Monica

Regional Manager – VIC/TAS

Asset Management Ramping Up In Victoria

With Victorian local government elections a little over 12 months away, councils are starting to ramp up their asset management commitments.

Section 92 of the LG Act 2020 requires councils to adopt the Asset Plan by 31 October following each election, this also includes complying with deliberative engagement practices.

In order to achieve this, councils must update asset management plans, asset management strategies and asset policies prior to updating the Asset Plan (refer to the illustration below).

In the last six months alone, CT Management Group have worked on 20 asset management projects including AMCap assessments, Asset Management Plan updates and re-writes, State of the Asset Reporting, Asset Revaluations, Asset Renewal Modelling, Asset Maturity Reviews, Asset Data Management Framework and a number of Building Condition Assessments across 12 councils (in some cases completing multiple projects for these councils).

In 2023/24, we already have a number of asset management related projects in the pipeline including the development of Asset Management Plans and Asset Plans but are expecting an influx in requests with the LG Act requirements for upcoming elections creeping up along with a severe lack of staff resources in this area at many councils. Don’t let these deadlines creep up on you!

If you require assistance with Asset Management activities including Asset Management policy, strategy, plans and Asset Plan updates or development, please contact Alf Della Monica on 1300 500 932 or submit the form below.

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