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There is considerable diversity of practice in High Voltage (HV) plant asset management throughout Australia in terms of geography and industry. This paper reviews the factors that make for good management of high voltage assets with reference to sources such as CIGRE, IEEE, IEC and Australian Standards. Covered are the basics of high voltage plant asset management and the applicability of condition assessment methods. This paper aims to present a clear and rational framework for plant owners to enable them to rate and if necessary to augment their approach to the management of high voltage assets. The content draws on the results of surveys, Standards and the experience of expert practitioners at Connell Wagner΄s Advanced Technology Centre in Newcastle. The group has been operating for over 48 years in the area of High Voltage plant condition assessment and testing and has been at the forefront of many trends in this field. [ABSTRACT FROM AUTHOR]