About capital planning
The Capital Planning Process (CPP) happens every year alongside the State Budget process. It is a strategic way to plan for physical assets, making sure that a government agency’s 10-year asset plan supports its service delivery priorities while staying within budget. This process improves how we plan and manage both existing and future state assets.
Capital planning includes Capital Investment Plans (CIPs) at the agency and whole-of-government levels. These plans show the total capital investment commitments and goals over 10 years.
It also includes key policies to guide asset management and investment decisions. These policies cover Business Case Guidelines, the Infrastructure Investor Assurance Framework (IIAF), the ICT Assurance Framework (IAF), the Gateway policy, and the Asset Management Policy (AMP).
Capital planning submissions
The Capital Investment Plans (CIP) data includes emerging project, budget proposal, and existing capital projects recorded in the state’s financial system (Prime). This data helps create investment plans for agencies, and the whole government. These plans give a summary of total capital commitments and goals over 10 years.
We have introduced a new Asset Management Policy (TPP 19-07) (PDF 432.11KB) to improve accountability, performance, and capability in managing public assets. To support our strategic priorities, this planning will consider:
- asset lifecycle costs
- performance
- risk and economic modelling.
This policy replaces the previous Total Asset Management policy and offers a more consistent and effective approach to asset planning and delivery.
Under TPP 19-07, agencies no longer need to submit asset strategy documents or asset utilisation recycling plans. They must now provide:
- a Strategic Asset Management Plan (SAMP)
- an agency-level Asset Management Policy
- Asset Management Plans (AMPs)
- an asset register.
All Budget Material Agencies, except for state-owned corporations and public financial corporations, must follow this policy. If agencies are grouped into a cluster, the lead agency must make sure the Asset Management Framework is consistent across the group of agencies.
For guidance, agencies can contact their relevant NSW Treasury analyst or email Infrastructure NSW assetmanagementcop@infrastructure.nsw.gov.au.
Restart NSW is a fund used to provide important infrastructure projects like public transport, road improvements and hospital upgrades for NSW, 30% of Restart NSW funds go to projects in regional areas.
All projects to be funded by Restart NSW will be considered based on a detailed 5-year infrastructure plan and a 20-year State Infrastructure Strategy. Infrastructure NSW suggests which projects will be funded.
Capital planning key contacts
We are here to help, for more information on capital planning you can contact our team:
| Team | Area | Contact |
|---|---|---|
| Treasury Infrastructure team | Capital Planning and Policy | CapitalBudget@treasury.nsw.gov.au |
Treasury Restart NSW team | Restart NSW fund | restart@treasury.nsw.gov.au |
| Treasury Gateway team | Gateway reviews | gateway@treasury.nsw.gov.au |
| Infrastructure NSW Asset Management Policy Assurance team | Asset Management Policy Assurance | assetmanagementcop@infrastructure.nsw.gov.au |
Helpful resources and links
To help you with the Capital planning process, we have a range of helpful resources and links including Treasury Circulars (TC) and Treasury Policy Papers (TPP).
- Asset Management Policy (TPP19-07) (PDF 432.11KB)
- AMP Implementation and transitional Arrangements factsheet (TPP19-07) (PDF 216.51KB)
- NSW Government Business Case Guidelines (TPP18-06) (PDF 1.96MB)
- NSW Gateway Policy (TPG22-12) (PDF 684.77KB)
- Parameter and Technical Adjustments and Measures (PDF 474.91KB)
- Recurrent Investor Assurance Framework (TPP17-02) (PDF 598.25KB)
Contact NSW Treasury
For general or media enquiries, complete our online form or visit our Contact us page.
- Address: 52 Martin Place, Sydney, NSW 2000 (Enter via 127 Phillip Street)
- Post: GPO Box 5469, Sydney, NSW 2001