Long-Term Asset Management Plan

A Long-Term Asset Management Plan is a document that -

  • outlines the local government's goals, strategies and polices for managing the local government's assets and infrastructure, during the period covered by the plan; and
  • covers a period of at least 10 years after the commencement of the plan.

Queensland

Section 104(6) of the Queensland Local Government Act 2009 states that a local government must annually conduct, and report on the results of, a review of the implementation of its Long-Term Asset Management Plan.

Section 136 of the Local Government (Finance, Plans and Reporting) Regulation 2010 states that;

The long-term asset management plan must—
(a) provide for strategies to ensure the sustainable management of the assets mentioned in the local government’s asset register and infrastructure of the local government; and
(b) state the estimated capital expenditure for renewing, upgrading and extending the assets for the period covered by the plan; and
(c) be integrated with the long-term financial forecast.

External Links & References

  1. Queensland Local Government Act 2009
  2. Queensland Local Government (Finance, Plans and Reporting) Regulation 2010
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License