
Commonwealth Authorities and Companies Amendment Regulations 2011 (No. 1)1
Select Legislative Instrument 2011 No. 162
I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Commonwealth Authorities and Companies Act 1997.
Dated 1 September 2011
QUENTIN BRYCE
Governor-General
By Her Excellency’s Command
PENELOPE YING YEN WONG
1 Name of Regulations
These Regulations are the Commonwealth Authorities and Companies Amendment Regulations 2011 (No. 1).
2 Commencement
These Regulations commence on 1 September 2011.
3 Amendment of Commonwealth Authorities and Companies Regulations 1997
Schedule 1 amends the Commonwealth Authorities and Companies Regulations 1997.
Schedule 1 Amendment
(regulation 3)
[1] After regulation 6
insert
6AAA Corporate plan for GBE (Act ss 17 and 42)
(1) For subsection 17 (6) of the Act, this regulation sets out matters, details of which must be included in the corporate plan of a Commonwealth authority that is a GBE.
(2) For subsection 42 (6) of the Act, this regulation sets out matters, details of which must be included in the corporate plan of a wholly‑owned Commonwealth company that is a GBE.
(3) The matters are:
(a) the objectives of the authority or company; and
(b) assumptions about the business environment in which the authority or company operates; and
(c) the business strategies of the authority or company; and
(d) the investment and financing programs of the authority or company, including strategies for managing financial risk; and
(e) financial targets and projections for the authority or company; and
(f) the dividend policy of the authority or company; and
(g) non‑financial performance measures for the authority or company; and
(h) community service obligations of the authority or company, and the strategies and policies the authority or company is to follow to carry out those obligations; and
(i) review of performance against previous corporate plans and targets; and
(j) analysis of factors likely to affect achievement of targets or create significant financial risk for:
(i) the authority or company; or
(ii) the Commonwealth; and
(k) price control and quality control strategies for goods or services supplied by the authority or company under a monopoly; and
(l) human resource strategies and industrial relations strategies.