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Government Immovable Asset Management Bill [GIAMA] - page 8 / 20

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6. Objectives of GIAMA

GIAMA will make it incumbent on national & provincial departments to promote Government’s service delivery objectives through the sound management of immovable assets they use or control. The objectives of the legislation are to -

Provide a uniform immovable asset management framework to promote accountability & transparency.

Ensure effective immovable asset management within departments.

Ensure alignment of the use of immovable assets with the  service delivery objectives of departments, to ensure the efficient utilisation of such assets.

Minimize the cost of immovable assets allocated to departments.

Enable the submission of better quality information regarding immovable asset related needs into the budgeting process, which in turn will result in improved budgeting for capital works, maintenance and operating costs.

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