TPG24-28 First Nations Investment Framework
The First Nations Investment Framework is a guide to good practice in working with First Nations people and communities on the design, appraisal and evaluation of initiatives.
Issued: 8 October 2024 by Treasury
Key information
- Status
- Active
- Type
- NSW Treasury Policy and Guidelines Paper
- Identifier
- TPG24-28
- Compliance
- Not applicable
Who needs to know and/or comply with this?
- Departments
- Executive agencies related to Departments
- Separate agencies
- State Owned Corporations
- Subsidiaries of the NSW Government established under the Corporations Act
About
The First Nations Investment Framework is a guide to good practice in working with First Nations people and communities on the design, appraisal and evaluation of initiatives.
This Framework supports informed design, prioritisation and funding of initiatives and sets out five steps for working with First Nations people to achieve this. These are relevant to both First Nations-specific initiatives and general ones that impact on First Nations people and communities.
The Framework supplements the NSW Government’s existing policies and guidance for building evidence across the investment lifecycle, from initial business case development through to all types of post-implementation evaluation.
Appraisals and evaluations provide important evidence to support the effective allocation of public resources to improve wellbeing for the people of NSW.
As initiatives are designed, economic appraisals through business cases and cost-benefit analyses (Insight 1) set out a process for clearly articulating objectives, and developing and comparing a range of options. Evaluations help to shape advice on whether to invest further, scale back, or make changes to initiatives by assessing how they are performing and whether they are delivering on their objectives. Evaluation evidence can also provide insights for future similar or related investments.
This Framework comprises five steps for proponents to work through when using and developing evidence for initiatives that impact First Nations people and communities.