Capital Asset Management
Page updated 18 Mar 2010
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.
This change management project is called the Capital Asset Management (CAM) project and is located in the Treasury's National Infrastructure Unit. 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 those sectors, leveraging off good local and overseas practices. These objectives are recurring themes in 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;
- Good practice guidance, standards and knowledge sharing;
- Gateway assurance regime (led by the Gateway Unit of the State Services Commission);
- System-level assurance;
- Disclosure of long term capital intentions, and associated performance reporting.
The CAM regime also touches on other parts 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.
