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Asset management plans describe the process of the whole of the asset’s life from planning, purchase, operation and maintenance to disposal. They consider the desired service outcomes, the long-lived nature of many assets and the finances available.Section 66 of the Local Government Act requires councils to develop a strategic plan of at least a 10-year period for your municipal area. You are collectively responsible (with your fellow councillors) for developing and monitoring the implementation of strategic plans and budgets.
The strategic plan is an integral reference point for other key strategic documents such as long-term financial management plans and strategic asset management plans. The strategic plan is to be reviewed at least every four years (this can be done in line with the election cycle if councils wish).
A strategic plan should include:
Because councillors (sitting as a council) are responsible for the strategic plan, you must:
In addition to the strategic plan, an annual plan must be prepared in accordance with section 71 of the Act. The annual plan must be consistent with the strategic plan, and include a statement of how your council will meet the goals and objectives of the strategic plan.
An annual plan should:
The principle objective of asset management is to ensure the best use of assets when delivering services to the community.
Effective asset management also:
Your council’s asset management policy will sit alongside the strategic plan to form a solid basis to develop the strategic asset management plan and long-term financial plan.
Refer to the Tasmanian Local Government Asset Management Policy for more information.
The Local Government (Content of Plans and Strategies) Order 2014 outlines what should be covered in a council’s asset management policy, strategy and long-term strategic asset management plans. Factors to be considered include services levels, planning for climate change adaptation and mitigation, promotion of sustainability, asset condition, and likely use and impact.