This report reviews current practices of Australian national parks agencies in relation to the following aspects of asset management: asset categories; strategic frameworks; information systems; valuation; age and condition; condition monitoring and maintenance schedules; budget allocation; and capital works programs and budgets. Assets may be categorised by park agencies in a variety of ways to meet the varying obligations of the agency. For example, assets may be classed differently for accounting purposes than for operational asset management. The main categories used by most Australian parks agencies are as follows: • Capital works. This refers to construction of new infrastructure before it is included on the general asset register. • General assets and/or infrastructure. This includes fixed assets such as roads and tracks, picnic tables, visitor centres and other buildings, toilets, signs, picnic tables, garbage bins, recreational equipment such as swings, etc. These are the main items on agency asset registers. In some agencies, only items valued at >$5000 (or similar) are included under general assets. Some agencies classify general assets into: buildings and services, corporate assets, visitor assets, cultural heritage assets, and others. • Plant and equipment. These are usually listed on a separate register to general infrastructure, and include items such as lawn mowers, bulldozers and chain saws. • Attractive items. These are small moveable items, generally valued at (e.g.) <$5000, such as cameras, global positioning systems and binoculars. Only some States and Territories distinguish between attractive items and general assets.