National Partnership Agreement on Asset Recycling

The National Partnership Agreement on Asset Recycling (2014–2019) aimed to alleviate state and territory funding constraints by incentivizing the sale or lease of state-owned assets, with proceeds reinvested into productivity-enhancing infrastructure.

The Commonwealth offered financial contributions from an Asset Recycling Pool, calculated as 15% of reinvested proceeds. Eligibility required clear economic benefits and, where possible, private sector involvement. The agreement outlined two milestone-based payments, rigorous performance reporting, and governance measures. 

While non-legally binding, the agreement emphasized mutual commitment and cooperative federalism. It also included mechanisms for dispute resolution, variation, and delegation, with final project details formalized in state-specific schedules.