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
Agreement Making in Government Owned Corporations - Guidance for Chief Executive Officers	2004	pdf	download (65 K)
On 8 October 2001, the Government determined that the general wages policy for the Queensland Public Sector would not apply to GOCs and that separate guidelines would be developed for GOCs. Guidelines have been advised to GOCs by shareholding Ministers.
Audit and Reporting Requirements for Government Owned Corporation Controlled Entities and Investments	December 2001	pdf	download (60 K)
This policy sets out audit and reporting requirements for entities in which GOCs exert control or maintain an ownership interest. It will ensure that all GOC-controlled entities are subject to audit by the Auditor-General.
Code of Practice for the Building and Construction Industry	August 2000	-	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 123 provisions of the GOC Act and GOCs are asked to observe this Code from 1 July 2001.
Code of Practice for GOC Financial Arrangements	October 2004	pdf	download (115 K)
This Code of Practice for GOCs outlines approval requirements and guidelines for entering into financial arrangements. The Code applies to all GOCs declared under the Government Owned Corporations Act 1993 (except Queensland Investment Corporation (QIC)) and their subsidiaries.
Corporate Governance Guidelines for Government Owned Corporations	September 2005	pdf	download (110 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 (205 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.
Development of Employment and Industrial Relations Plans in Government Owned Corporations - Guidelines	November 2002	pdf	download (130 K)
The main purpose of the Employment and Industrial Relations Plan is to enable GOC boards, GOC management, shareholding ministers and government to monitor and review the employment and industrial relations policies and practices of GOCs.
GOC Subsidiaries - Key Shareholder Requirements for Constitutions	2006	pdf	download (30 K)
Increasingly, GOCs are forming subsidiaries to carry out distinct activities. The establishment of GOC subsidiaries must be approved by shareholding Ministers under Section 163 of the GOC Act. In framing Constitutions for GOC subsidiaries, the Guidelines intend to serve as a reference and facilitate shareholding Minister approval.
Guidelines for Export of Services by GOCs	December 2001	pdf	download (60 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 Frequent Flyer Schemes	28 June 1999	html	view
The Guidelines provide advice concerning the management and control of frequent flyer points accrued as a result of government travel. GOCs should establish frequent flyer procedures that observe the spirit and intent of the Guidelines.
Investment Guidelines for Government Owned Corporations	June 2008	pdf	download (195 K)
Shareholding Ministers have recently approved changes to the Investment Guidelines for Government Owned Corporations (the Guidelines) aimed at improving Government owned corporations’ (GOC) operational efficiency and commercial responsiveness. Individual GOC investment approval and notification levels have been reviewed and the definition of "major contracts" has been amended.
Local Industry Policy: A fair Go for Local Industry	1999	CFM	view
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.
Queensland Port Government Owned Corporations - Local Government General Rates Equivalents Regime: Guidelines for Assessment, Collection & Payment*	June 2000	pdf	download (30 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 Purchasing Policy	2000	html	view
The State Purchasing Policy requires Government agencies to use their purchasing activities to advance Government priorities, achieve value for money, and ensure probity and accountability. Cabinet decided that all GOCs should comply with the SPP. Statutory GOCs automatically comply with SPP by virtue of provisions contained in the Financial Management Standard 1997. Company GOCs, however, do not.
Guidelines for the Preparation of Statements of Corporate Intent and Corporate Plans for Government Owned Corporations	February 2006	pdf	download (530 K)
The purpose of these guidelines is to outline shareholding Ministers' expectations with respect to the content, format and process relating to the development and negotiation of Government Owned Corporations' (GOCs) Statements of Corporate Intent (SCI) and Corporate Plans.
Government Owned Corporations Travel Policy	May 2008	pdf	download (480 K)
This policy sets out the requirements of shareholding Ministers in relation to overseas travel by officers and employees of government owned corporations (GOCs).

Key:
P	Also available in hardcopy

Last reviewed 12 August 2008