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Asset Management Plans for Retirement Villages

Aged care
26 July 2021

The NSW Government Department of Fair Trading has mandated that all operators of retirement villages must prepare and keep up to date an asset management plan that complies with the Retirement Villages Act 1999 and the Retirement Villages Regulation 2017. The requirements include an asset management plan, a three year maintenance plan and an asset register.

HFM’s experts in compliance and asset management have provided advice to the Aged Care and Retirement Living sector in Australia since 2003.

Our services to support compliance to the NSW Asset Management regulations include:

  • Audit existing asset documentation
  • Site Inspection and Asset Capture
  • 10-Year Asset Management Plan
  • Compliant Asset Register
  • 3-Year Maintenance Plan
  • Statement of compliance

Our clients include many leading senior living providers such as Silver Chain, a national not-for-profit organisation that delivers health and aged care services. Our specialist team has worked with Silver Chain to ensure the best performance and management of facilities and buildings in their national portfolio. Services undertaken by HFM include a detailed asset register of serviceable plant and equipment, a comprehensive asset management plan, an audit with a CAPEX budget, risk identification and the implementation of software to manage the maintenance program.

For further information please contact Sue Leak, Client Solutions Director, Sue.Leak@apac.bgis.com +61 477 369 622