Solution : Asset Plan (Victoria)
Transparent, Compliant and Community-Focused Asset Planning
Asset Plans provide councils with a clear and compliant framework for managing infrastructure over the next decade, linking assets to community needs, financial capacity, and statutory obligations.
- Meet compliance requirements under the Local Government Act 2020
- Provide a community-facing, transparent plan for asset management
- Integrate asset, financial, and service planning into one document
- Support long-term sustainability and informed community engagement
Why This Matters for Councils and Organisations Like Yours
The Local Government Act 2020 introduced Asset Plans as a statutory requirement, mandating councils to outline how assets will be maintained, renewed, or replaced over at least 10 years. These plans are not just compliance documents – they are essential tools to build trust with communities, demonstrate transparency, and ensure investments align with service needs and financial sustainability. Councils that develop strong Asset Plans strengthen decision-making, reduce long-term risk, and create a shared understanding with their communities about the challenges and trade-offs involved in infrastructure management.
This Solution Includes:
- Development of Asset Plans in line with statutory requirements
- Integration with Council Plan, Community Vision, and Long-Term Financial Plan
- Analysis of asset classes: maintenance, renewal, expansion, disposal
- Benchmarking against sector-wide practice
- Community engagement design and facilitation
- Linking asset planning with service levels and affordability
- Clear articulation of challenges, risks, and investment trade-offs
Outcomes You Can Expect
Strong Asset Plans create clarity for councils, communities, and regulators. They reduce risk, improve transparency, and enable better investment decisions.
Clear compliance with statutory requirements
Councils demonstrate alignment with the Local Government Act 2020 and provide confidence that asset decisions withstand audit and regulatory review.
Greater transparency and accountability
Community-facing plans communicate asset values, renewal needs, and investment strategies in language accessible to stakeholders.
Improved long-term financial sustainability
By linking asset renewal priorities to the Long-Term Financial Plan, councils balance affordability with service outcomes.
Stronger community engagement and trust
Asset Plans serve as the foundation for deliberative engagement, enabling informed community discussions about priorities, trade-offs, and future services.
Better service alignment and risk management
Decisions about maintenance, expansion, or disposal of assets are based on evidence and clear risk analysis, ensuring assets support service needs.
Our Proven Approach
CT Management Group has extensive experience in developing and reviewing Asset Plans for councils across Victoria. Our methodology balances compliance, best practice, and practicality.
1. Project Inception & Discovery
We begin with detailed scoping meetings, document reviews, and project planning to ensure clear alignment with statutory requirements and council objectives.
2. Template Review & Benchmarking
Existing templates and documents are tested against the Act, sector frameworks, and peer councils to ensure alignment with best practice.
3. Draft Plan Development
We consolidate asset data, financial forecasts, and service objectives into a draft plan that integrates with Council Plan, Community Vision, and Long-Term Financial Plan.
4. Stakeholder Workshops & Consultation
Engagement with steering committees, officers, and community representatives ensures plans are transparent, achievable, and widely understood.
5. Finalisation & Implementation Support
The final Asset Plan is delivered with recommendations, training, and guidance for community engagement, monitoring, and continuous improvement.
The CT Management Group Difference
Why Partners Trust Us to Deliver
Proven Experience
CT Management has developed Asset Management Plans, Asset Plans (Vic) for councils across every state, with unmatched sector expertise.
Independent Perspective
Our Associates provide objective, evidence-based assessments free from internal bias, ensuring clarity and confidence in decision-making.
Integrated Planning
We ensure Asset Plans link directly to Community Vision, Council Plan, and Long-Term Financial Plans, creating one aligned framework.
Sustainability Focus
Our approach prioritises affordability, risk reduction, and resilience, ensuring asset decisions deliver long-term value to communities.
Ready to Deliver a Transparent and Compliant Asset Plan?
Let’s discuss how CT Management Group can support your council to meet legislative requirements, engage your community, and manage assets sustainably.
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