The Recurrent Expenditure Assurance Framework (REAF) outlines the procedures for the application of the NSW Gateway Policy to major recurrent expenditure investments. This Framework sets out the requirements that must be followed by the Delivery Agency, the Major Recurrent Advisory Group (MRAG), the Expert Review Team, and NSW Treasury (as the Gateway Coordination Agency for this Framework).
The REAF is established under the NSW Gateway Policy. It is approved by the NSW Government and applies to Major Recurrent Expenditure Projects being undertaken by agencies.
The objective of the REAF is to provide assurance that the Government’s Major Recurrent Expenditure Projects across NSW are delivered on time and on budget by implementing this risk-based external assurance framework. The REAF will also ensure that the Cabinet Standing Committee on the Expenditure Review (ERC) is supported by effective tools to monitor the NSW Government’s major new policy proposals, receives early warning of any emerging issues, and can therefore act proactively to increase project success.
The REAF provides advice and assurance that is independent of an agency’s existing internal project delivery processes and post-project implementation. These processes are informed by NSW Government policies which guide the development, appraisal, and prioritisation of investments, including the TPP18-06 Business Case Guidelines and the TPG22-22 Evaluation Guidelines.
