October 22, 2018, 3:34 pm

Asset Management Accountability Framework (AMAF) – an overview

What is the Asset Management Accountability Framework (AMAF)?

In early 2016, the Victorian State Government’s Department of Treasury and Finance published and issued their Asset Management Accountability Framework (AMAF). The AMAF replaced the Victorian Government’s previous asset management framework “Sustaining Our Assets” and its related asset management series. (1) The AMAF is intended to assist Victorian public-sector agencies to manage their asset portfolios better and provide better services for Victorians (1). The AMAF provides guidance to all Victorian Government organisations which are subject to regulations of the Financial Management Act (FMA) of 1994.

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