Land, Property and Asset Management

Land and Public Works Policy

The Department of Finance (Finance) is responsible for the policies and legislation that form the Commonwealth’s Property Management Framework (Property Framework). This includes the application of the Property Framework where the Minister has a decision making role, usually involving Government entities other than Finance.

Finance is also responsible for the Lands Acquisitions Act 1989, and for administering the Public Works Committee Act 1969. In relation to the Property Framework responsibilities, Finance develops and implements policies, advises the Minister on the exercise of his statutory powers, and advises entities on policy interpretation and obligations.

Property and Construction

Finance is responsible for the management of the Australian Government´s domestic non-Defence property portfolio and also the construction and delivery of domestic non-Defence major capital works projects.

Asset Management

Oversight and management of the Government's shareholding in its business enterprises. Finance provides management of, and advice on, Government asset sales, contract management matters and residual issues relating to previous asset sales.

Commonwealth Property Management Framework

The Commonwealth Property Management Framework (the Property Framework) establishes the principles for the efficient, effective, economical and ethical use of property resources and applies to property leased and owned by Non-corporate Commonwealth Entities (entities).

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Last updated: 27 November 2018