Commonwealth Coat of Arms

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

Minister for Finance and Deregulation

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.

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.