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GOC Policies and Guidelines

In addition to requirements under the Government Owned Corporations Act 1993, such as preparing a Statement of Corporate Intent (SCI), Corporate Plan, and Employment and Industrial Relations Plan, the following represents a list of other Queensland Government policies and guidelines that currently affect government owned corporations (GOCs).

Title	Date	File type	Link
Code of Practice for GOC Financial Arrangements	August 2009	pdf	download (110 K)
This Code of Practice for GOCs outlines approval requirements and guidelines for entering into financial arrangements. The Code includes competitive neutrality fee (CNF) arrangements. The Code applies to all GOCs and their subsidiaries (except for QIC Limited).
Code of Practice for the Building and Construction Industry (Department of Justice and Attorney-General website)	March 2012	-	view
This Code of Practice establishes standards for matters such as Workplace Health and Safety, security of payment, employment and industrial relations. Cabinet decided that all GOCs should comply with the Code. All corporations were notified of their obligations by shareholding Ministers, under Section 114 provisions of the GOC Act and GOCs are asked to observe this Code from 1 July 2001.
Corporate Entertainment and Hospitality Guidelines	September 2008	pdf	download (50 K)
These guidelines provide a framework for GOCs to develop and implement their own policies to manage corporate entertainment and hospitality in line with the Government's expectations.
Corporate Governance Guidelines for Government Owned Corporations	February 2009	pdf	download (220 K)
These guidelines provide a framework for GOCs to develop, implement, review and report on their corporate governance arrangements. The guidelines set out general principles of good corporate governance, with a number of recommendations to give effect to each of the principles.
Cost of Capital Principles - Government Owned Corporations	February 2006	pdf	download (210 K)
The Cost of Capital Principles provide a framework for the calculation of cost of capital for Government Owned Corporations (GOCs). This policy paper does not apply to those business areas within GOCs which have their cost of capital regulated by an independent entity.
CSO Policy Framework	March 1999	html	view
This paper outlines the broad Guidelines that will apply in situations where the Government seeks to have commercial businesses (either Government-owned or privately-owned) deliver particular "non-commercial" products and services to the community.
Government Owned Corporations Air Travel Policy	May 2011	pdf	download (65 K)
This policy sets out the requirements of shareholding Ministers in relation to overseas travel by officers and employees of government owned corporations (GOCs).
Government Owned Corporations Release of Information Arrangements	January 2010	pdf	download (65 K)
A key objective of this framework is to provide guidance to GOCs so that each GOC can manage the on-going process of the release of information into the public domain in accordance with Government expectations and legislative obligations.
Guidance for Chief Executive Officers - Agreement Making and Industrial Relations in Government Owned Corporations	February 2010	pdf	download (45 K)
This document provides a framework of broad principles to apply to Government Owned Corporations. This policy is designed to provide guidance and/or direction for the negotiation of agreements, conduct of industrial relations and application of certain Government industrial relations policies.
Guidelines for Export of Services by GOCs	April 2013	pdf	download (80 K)
These Guidelines are intended to act as a framework to ensure that, where any GOC export of services is investigated or pursued, it is done in accordance with the Government's risk parameters and interests.
Guidelines for the Issue of Harbour Towage Licences (Department of Transport and Main Roads)	April 2010	pdf	download (20 K)
Guidelines port GOCs will use prior to issuing harbour towage licences.
Investment Guidelines for Government Owned Corporations	April 2013	pdf	download (105 K)
These guidelines set out the key principles for GOCs to adopt when undertaking investment, ensuring that shareholding Ministers’ requirements are met while still enabling GOCs to pursue commercial effectiveness in their business activities and enhance shareholder value. The guidelines have recently been refocussed to succinctly and more clearly define shareholding Ministers’ requirements and emphasise the importance of risk management for GOCs.
Government Owned Corporations Guidelines for Joint Venture Agreements	April 2013	pdf	download (95 K)
These guidelines set out the key issues for GOCs to consider when contemplating entering into Joint Venture agreements to ensure arrangements are structured to most effectively pursue GOCs’ commercial objectives without impinging the State’s ability to manage its asset risk over time.
Key Shareholder Requirements for Constitutions	2006	pdf	download (25 K)
The following document is a guide for GOCs to use, to facilitate shareholding Ministers approvals relating to GOC subsidiaries such as approvals of the establishment of a new subsidiary with a constitution and the to alter a constitution. Please note - this policy is currently under review.
Local Industry Policy: A fair Go for Local Industry (Department of Employment, Economic Development and Innovation website)	October 2010	pdf	download
This policy was developed to ensure local industry is given fair and reasonable opportunity to be considered for major project work being undertaken in Queensland. The policy has particular requirements for GOCs, such as annual reporting to the portfolio Minister on local industry involvement in projects over $5 million and the preparation of an Industry Participation Plan for projects also valued over $5 million.
Minimum Remuneration Disclosure Requirements	June 2009	pdf	download (105 K)
Outlines remuneration disclosures for annual reporting purposes in addition to the requirements directly applying to GOCs from the relevant accounting standard AASB124
Queensland Port Government Owned Corporations - Local Government General Rates Equivalents Regime: Guidelines for Assessment, Collection & Payment*	June 2000	pdf	download (35 K)
The Queensland Government decided on 10 May 1999 to establish a regime for the collection of general rates for strategic port land in commercial use by port GOCs. Local government general rates equivalents on strategic port land in commercial use took effect for port GOCs from 1 July 1999.
State Procurement Policy (Department of Housing and Public Works website)	September 2010	pdf	download
The State Procurement Policy requires Government agencies to use their purchasing activities to advance Government priorities, achieve value for money, and ensure probity and accountability.

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Last reviewed 30 May 2013