Content Update: Commonly Used Asset Management Definitions

An updated version of the Commonly Used Asset Management Definitions (Version 2.0, October 2026) has been uploaded to the AusHFG website.  The update provides greater clarity and consistency in asset management terminology, with new and clarified definitions relating to financial and accounting standards, lifecycle planning and investment management, maintenance and reliability, non-financial assets, and stakeholder engagement.

Recognising that terminology and its application may vary across jurisdictions, the definitions are intended to assist in the AHIA context and there is no requirement to adopt these definitions in members’ respective operations.

A thank you is extended to all those who have contributed to the review and update of this document.

Kind Regards,

The AusHFG Team