Source: Tertiary Education Commission
In 2010, Government set out its expectations for the approval of, and assurances relating to, major capital projects, and for the management of capital assets used in the delivery of government services by public service and non-public service departments, and Crown entities.
Cabinet Office Circular CO (10) 2 Capital Asset Management in Departments and Crown Entities: Expectations (PDF, 219 KB)
These expectations allowed TEIs to set their own sensible and aspirational targets for capital asset management based on the scale of assets under the TEI’s management and their criticality to the delivery of essential services. The Treasury was tasked with monitoring and reporting of these expectations to Cabinet.
These expectations were updated in 2015 to give effect to Cabinet’s intention to ensure active stewardship of government resources, and strong alignment between individual investments and the government’s long-term priorities.
Cabinet Office Circular CO (15) 5 Investment Management and Asset Performance in the State Services (PDF, 135 KB)
The policy focused on capital expenditure, asset disposals, lease arrangements, “as a service” investments and asset performance.
The Government further updated its expectations in 2019 to optimise value from new and existing investments and assets, for current and future generations of New Zealanders.
Cabinet Office Circular CO (19) 6 Investment Management and Asset Performance in the State Services (PDF, 383 KB)
