Review of Commonwealth Government Business Enterprises ...

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Part 3 - Planning and Reporting
Requirements
3.1 The planning and reporting requirements for GBEs are contained in the CAC Act and
Orders, with additional requirements for Commonwealth companies contained in the
Corporations Act. The reporting requirements outlined in these Guidelines can be
summarised as follows:
Table 1: Summary of Legislative Requirements
Requirement Commonwealth
Authorities
Commonwealth
Companies
Corporate Plan content CAC Act Section 17 CAC Act Section 42
Annual Reports CAC Act Section 9 CAC Act Section 36
Statement of Governance Clause 15 of the CAC Act
Orders 2.2
Report on Operations and
Financial Statements
Additional Notifcation
Requirements
(Signifcant Events)
Supplementary
Interim Reports
Performance Audit Auditor-General Act 1997
section 16 and 17
Recommended to
follow Clause 15 of the
CAC Act Orders
CAC Act Schedule 1 CAC Act Division 2
Corporations Act 2001
Chapter 2M;
CAC Act Sections 15 and 16 CAC Act Sections 40 and 41
CAC Act Section 13 CAC Act Section 38
Auditor-General Act 1997
section 16 and 17
3.2 GBEs are to provide the Shareholder Minister(s) with a series of annual corporate planning
and reporting documents for comment and review by the key dates shown in Table 2. GBEs
are to engage with the Shareholder Minister(s) early in the reporting and planning processes
to allow suffcient time for GBEs to build Government priorities into the processes.
a. In reviewing the documents, the Shareholder Minister(s) may seek clarifcation of the
information provided, or request certain amendments.
Exposure Draft