Review of Commonwealth Government Business Enterprises ...

(e) The plan also covers any other matters required by the Shareholder Ministers
(which may include further details about the matters in (d) above).
2.2 The Shareholder Ministers may elect to meet with the directors of a GBE prior to
the Ministers responding to the corporate plan.
2.3 The response by the Shareholder Ministers will:
(a) include (if necessary) proposed changes to the corporate plan to better reflect
the Government’s policies and objectives for the business; and
(b) be within 45 days of receipt of the plan.
i. It would assist in meeting the timetable for response if drafts of the
corporate plan were made available for discussion with departmental
officers prior to the plan’s endorsement by the Board.
2.4 All corporate plans and subsequent updates, reports or supplementary information
are confidential to the Ministers, their advisers and Departments.
Statements of Corporate Intent
2.5 The directors of a wholly owned GBE and the Shareholder Ministers agree on a
Statement of Corporate Intent (SCI), which shall be a public document.
2.6 The SCI is a brief (no more than five pages), high level, plain English document
expressed in terms of outputs or outcomes. It is an integral part of the Corporate
Plan, but does not include commercial-in-confidence information. An SCI would
normally contain a business description and mission statement, corporate vision,
objectives, code of ethics, statement of accountability (including reporting
obligations) and broad expectations on financial and non-financial performance.
2.7 The SCI is tabled in Parliament within fifteen sitting days of the Parliament,
following the start of the new financial year.
(a) Shareholder Ministers may agree to later tabling, in which case Parliament
would be informed.
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Progress Reports
2.8 Confidential six monthly reports (or quarterly reports, as agreed from time-to-time
by the Shareholder Ministers) are provided by the directors of a wholly owned GBE
to the Shareholder Ministers on progress against, and any changes to, the corporate
plan.
(a) Progress reports include financial statements, the format of which is approved
by the Finance Minister.
2.9 The Shareholder Ministers may elect to comment on the report. Any response is
provided by the Ministers within 45 days of receipt of the progress report.