11.11 Other Government policies affecting GOCs

In addition to requirements of the GOC Act, a number of policies and guidelines have been endorsed by the Government which GOCs, their subsidiaries and controlled entities, need to observe. This reflects shareholding Minister expectations and priorities for the GOC sector, and fulfils the key corporatisation principle of accountability.

Whilst particular policies are detailed in this chapter (Remuneration; Overseas Travel), a summary of all Queensland Government Policies and Guidelines GOCs need to comply with, and which Boards of Directors must be aware of, is set out below.

Policy	Summary
Guidelines for Export of Services by GOCs (2001)	The Guidelines were finalised in December 2001, following consultation with all GOCs. They 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.
Code of Practice for the Building and Construction Industry (2000)	The Code establishes standards for matters such as Workplace Health and Safety, security of payment, employment and industrial relations for GOCs involved in construction-related activities.
State Purchasing Policy (2000)	GOC purchasing activities must, as far as practicable, advance government priorities, achieve value for money and ensure probity and accountability.
Local Industry Policy: A Fair Go for Local Industry	This policy has been developed to ensure local industry is given fair and reasonable opportunity to be considered for major project work in Queensland. Requirements for GOCs include annual reporting of local industry participation in projects valued over $5 million, and preparation of an Industry Participation Plan for projects also valued over $5 million.
Remuneration Guidelines for Directors and Senior Executives in Government Owned Corporations (1999-revised 2000)	The Guidelines require GOCs to: establish a remuneration policy for their corporation; inform shareholding Ministers and the Premier before any change denote particular remuneration details in both the Statement of Corporate Intent and Corporate Plan.
Guidelines: Overseas Travel for Official Purposes (1999)	Sets out approval procedures for GOC employees seeking overseas travel. Approval by the relevant shareholding Minister must occur before any overseas travel takes place.
Guidelines for Frequent Flyer Schemes (1999)	GOCs should have procedures in place concerning the management and control of frequent flyer points, which observe the spirit and intent of these Guidelines for departmental employees.
Code of Practice for GOC Financial Arrangements (1999)	The Code outlines approval arrangements and guidelines within which GOCs must operate when entering into financial arrangements.

Last reviewed: 17 July, 2009

Last updated: 22 July, 2009

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