Local Government is committed to the adoption of asset management practices and strategies that provide cost effective sustainable services with an equitable distribution of the cost burden across generations.
The LGAT has undertaken a number of projects designed to better understand and improve practice in relation to strategic asset management and its link to long term financial planning.
The Local Government Financial and Asset Reform Project commenced in 2011 and is funded by the Commonwealth's Local Government Reform Fund. The Project is managed by the LGAT and involves implementing frameworks for integrated and long term asset management and financial planning in all Tasmanian councils.
Specific outcomes for this project relating to asset management include:
Improved ability of Tasmanian councils to plan and manage assets effectively for their communities;
- A State Policy for asset management in Local Government; and
- Asset Management Plans for major asset classes in all Tasmanian councils.
For further information on the project, click here.