This paper discusses what it means to label heritage as being ‘at risk’ in post-disaster landscapes in the city of Banda Aceh, Indonesia, following the 2004 Indian Ocean tsunami. Discussions question the relevance of a ‘heritage at risk’ framework, pointing out the issues associated with starting from this popular threat-based model of preservation in the aftermath of near or total destruction. By challenging the hegemony of a ‘heritage at risk’ rhetorical device that constructs heritage typologies, this debate focuses instead on the emergence and mastering of new heritage in post-tsunami Aceh, and the ways in which a shift in focus is able to document and preserve the emergence of unique heritage constructs and priorities. This paper promotes the study of heritage as a performance that transcends an emphasis on victimhood, toward framing a heritage construct that is productive and dynamic, a steward for post-disaster identities.