Infrastructure Asset Reporting in Australia: Current Practices and Future Directions

Stewart Jones, The University of Sydney
Robert G Walker, The University of Sydney

ABSTRACT: Governments worldwide, including those in Australia and the United States, have been facing major problems funding the repair, restoration, maintenance and replacement of infrastructure assets. Notwithstanding the socio-economic importance of infrastructure assets, the measurement and reporting of these assets has been a much neglected issue in the literature. The results of this study are based on a combination of telephone interviews and mail surveys. The major finding was that respondents preferred information about physical condition of assets, combined with current estimates of the costs to bring to those assets to a satisfactory condition (with some indicating that this data could be accompanied by information about written-down replacement costs). Overall, the findings underscore the limited relevance of conventional accounting reports (however compiled) to stakeholders concerned with the performance of government agencies.

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