Capital Asset Management
Page updated 9 Oct 2014
Since 2007 the Treasury has been leading changes to the way departments and Crown entities manage plant, property and equipment assets reflected in the Financial Statements of the Government of New Zealand through a programme of work called Capital Asset Management (CAM).
The objective of the project is to improve public sector performance by raising both the quality of information used in decision making processes and the standard of asset management practice in the state services, leveraging off good local and overseas practices. These objectives are reinforced in publications such as the Investment Statement and the National Infrastructure Plan.
The scope of the CAM regime spans:
- Rules expectations and accountabilities relating to the management of asset portfolios, and to new capital investments (see http://www.dpmc.govt.nz/cabinet/circulars/co10/2);
- Business case methodologies;
- Good practice guidance, standards and knowledge sharing;
- Major projects monitoring and assurance (led by the Investment Management and Asset Performance team of the Treasury);
- System-level assurance;
- Disclosure of long term capital intentions, and associated performance reporting.
The CAM regime is part and parcel of the public sector management system, including budget processes and statements of intent.Information relating to the CAM project is available on the Public Sector Intranet at https://psi.govt.nz/cam (access restricted to government agencies). This portal is the main forum for communicating project progress and ensuring relevant consultation documents reach a wide audience of central agency, Crown entity and departmental officials with an interest in CAM proposals.