16E. Corporate plan for Commonwealth entities

Guide to this section

The purpose of this section is to set out matters that the accountable authority of a Commonwealth entity must include in the entity’s corporate plan.

The corporate plan may also include other matters and, for some Commonwealth entities, the Act (see subsections 35(3) and (5)) or the entity’s enabling legislation may require that other matters be included in the plan.

A corporate plan is prepared for a single reporting period for a Commonwealth entity. However, each plan must cover at least 4 reporting periods: the reporting period for which the plan is prepared and at least the following 3 reporting periods.

This section is made for subsections 35(1) and (2) of the Act.

 

Period corporate plan must cover

(1) The corporate plan for a Commonwealth entity must cover a period of at least 4 reporting periods for the entity, starting on the first day of the reporting period for which the plan is prepared under paragraph 35(1)(a) of the Act.

Matters that must be included in corporate plan

(2) The following table sets out the matters that must be included in the corporate plan:

Matters to be included in a Commonwealth entity’s corporate plan
Item Topic Matters to be included
1 Introduction The following:

(a) a statement that the plan is prepared for paragraph 35(1)(b) of the Act;

(b) the reporting period for which the plan is prepared;

(c) the reporting periods covered by the plan.

2 Purposes The purposes of the entity.
3 Environment The environment in which the entity will operate for each reporting period covered by the plan.
4 Performance For each reporting period covered by the plan, a summary of:

(a) how the entity will achieve the entity’s purposes; and

(b) how any subsidiary of the entity will contribute to achieving the entity’s purposes; and

(c) how the entity’s performance will be measured and assessed in achieving the entity’s purposes, including any measures, targets and assessments that will be used to measure and assess the entity’s performance for the purposes of preparing the entity’s annual performance statements under section 16F.

5 Capability The key strategies and plans that the entity will implement in each reporting period covered by the plan to achieve the entity’s purposes.
6 Risk oversight and management A summary of the risk oversight and management systems of the entity for each reporting period covered by the plan (including any measures that will be implemented to ensure compliance with the finance law).

Corporate plan must be published

(3) The corporate plan must be published on the entity’s website by the last day of the second month of the reporting period for which the plan is prepared.

(4) However, if the accountable authority considers that the corporate plan contains information that:

(a) is confidential or commercially sensitive; or

(b) could prejudice national security;

then only so much of the corporate plan that does not contain that information must be published under subsection (3).

Corporate plan must be given to Ministers

(5) The corporate plan, and any version of the plan referred to in subsection (4), must be given to the responsible Minister and the Finance Minister:

(a) as soon as practicable after the plan is prepared; and

(b) before the plan, or the version, is published under subsection (3).

Variation of corporate plan

(6) If the corporate plan is varied during the reporting period for which the plan is prepared and the accountable authority of the entity considers that the variation is significant, then:

(a) this section applies to the plan as varied; and

(b) subsection (3) applies as if it requires the plan to be published as soon as practicable after the plan is prepared (instead of it requiring the plan to be published by the last day of the second month of the reporting period for which the plan is prepared).

Corporate plan for new entity

(7) If the entity is established at the start of, or during, the reporting period for which the plan is prepared, then subsection (3) applies as if it requires the plan to be published as soon as practicable after the plan is prepared (instead of it requiring the plan to be published by the last day of the second month of the reporting period for which the plan is prepared).

Last updated: 13 January 2016