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Rule 43:
Investment reviews

Primary requirement

  1. Agencies must complete a Risk profile assessment (RPA) and submit it to the Treasury for all projects and programmes defined as investments under the relevant Cabinet Office circular on the Treasury’s Investment Management System website.

Application

  1. If the result of the RPA is:
    1. medium or high-risk, the agency must also complete a Strategic Assessment (SA) and submit both the RPA and the SA to the Treasury
    2. high-risk, the agency must complete Gateway reviews.

More information

Types of investments requiring Cabinet approval

The criteria for determining which investment decisions require Cabinet approval, and guidance on the Better Business Case framework, are available on the Treasury website.

Investment management system – The Treasury New Zealand

Better Business Cases – The Treasury New Zealand 

Who is involved in the review?

To assess the RPA and determine whether investment reviews are required, Treasury works with System Leaders appointed by the Cabinet to provide leadership across government on specific areas such as procurement, information technology and property investment.

Investment reviews are organised by Treasury. Reviewers are independent of Central Agencies and System Leads.

More information is on the Treasury website.

Gateway Reviews – The Treasury New Zealand 

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