FAQs

An assset is an individual or group of physical objects, which has value and enables services to be provided, for example: 

• A road 

• A park 

• A building 

• A stormwater pipe 

• A set of solar panels on a building 

• A sign 

In simplest terms, asset management is about how assets are ‘looked after’,  

both on a day-to-day basis: 

• Maintenance 

• Monitoring 

• Operation 

and in the medium-to-long term: 

• Planning 

• Purchase / creation 

• Renewal 

• Disposa

An Asset Management Plan outlines the financial and technical elements for managing assets to support the delivery of services to the community.  

Asset Management Plans form part of Council’s suite of strategic plans identified in the Local Government Act.  

The Plans must be reviewed within two years of a local government election. The most recent local government election was held in November 2018. 

The Plans group Council’s assets into eight categories: 

1. Fleet, Plant and Equipment 

2. Transport 

3. Stormwater 

4. Water Treatment and Resources 

5. Open Space 

6. Buildings and Structures 

7. Coastal Walkway 

8. Artworks, Culture and Heritage 

Council is looking beyond day-to-day operations and investing in the long term quality of life of our community.  

The Draft Asset Management Plans were prepared by Council staff through research, data collection and stakeholder workshops. They build on the outcomes set out in Council's Asset Management Strategy.

To optimally manage our assets, we have developed Draft Asset Management Plans by answering lots of big questions: 

• What assets do we have? 

• Where are they? 

• Are they safe? 

• What condition are they in? 

• What work is going on nearby which may affect them? 

• Who manages and maintains them throughout all the different stages of their lifecycle? (this will be different people for each type of asset) 

• Have we defined our service levels? 

• Are they meeting community service levels? 

• Are they meeting technical service levels? 

• How much would they cost to replace? 

• What value are they delivering to our community? 

• How much are they being used? 

• Could we use them smarter? 

• How long will they last? 

• How much will it cost to replace them? 

• Will our community need the same assets into the future? 

• What should we replace them with? 

• Which assets have we added and removed recently? 

Council recognises that climate change is likely to affect asset life and functionality. We are exploring what we can do to build asset resilience in response to climate impacts. 

Council uses a range of activities to engage with the community and stakeholders. Analysis of our 2019 Community Satisfaction survey results has fed into the development of our Draft Asset Management Plans. 

 This engagement process is specifically focusing on the Draft Asset Management Plans.