Office of Government Owned Corporations (OGOC)

The role of OGOC is to manage the State Government's shareholding relationship with GOCs. In doing so, OGOC works closely with the departments of portfolio Ministers with shareholding responsibilities. These include: the Premier; the Minister for Natural Resources, Mines and Energy and Minister for Trade; and the Minister for Transport.

OGOC and shareholding Ministers' departments are responsible for:

negotiating outcomes of the annual performance contract or Statement of Corporate Intent (SCI) as well as the five-yearly Corporate Plan
monitoring the performance of GOCs and managing dividend payments
advising shareholding Ministers of critical current and emerging issues impacting on GOCs
assessing major investment proposals
GOC Board appointments
ensuring GOC compliance with relevant Queensland Government policies
administering the Government Owned Corporations Act 1993.

Last reviewed 23 July 2009