NSW AM Policy

Fantastic news from NSW as Treasury publishes the NSW Government asset management policy, adopted by the NSW public sector on 31st October. 

The Asset Management Council, led by our director Toby Horstead, has been working closely with Infrastructure NSW and the NSW Government AM Community of Practice to prepare agencies for the release of the policy.

Toby is particularly pleased for the release having worked with Treasury and Infrastructure NSW over the last three years on the content of the policy in his previous roles with NSW government.

The AM policy will require NSW government agencies to align to asset management principles (including ISO 55001), have an asset management framework in place, attest to compliance with the core requirements of the policy, and undertake a periodic assessment of their asset management maturity.  The policy outlines a consistent approach to asset management and reflects the government’s objective to improve asset management through strengthening accountability, performance and capability across the NSW public sector.

The AM Council applauds and supports the release and implementation of the NSW Government AM Policy, and looks forward to supporting our members in their journey to compliance.

To download a copy of the Asset Management Policy for the NSW Public Sector published by the NSW Treasury, visit here.