Public Governance, Performance and Accountability Rule 2014
CHAPTER 3
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COMMONWEALTH COMPANIES
PART 3-1
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PLANNING AND BUDGETING
SECTION 27A
27A
CORPORATE PLAN FOR COMMONWEALTH COMPANIES
Section 16E (other than item 5 of the table in subsection 16E(2) ) applies to a Commonwealth company in the same way as it applies to a Commonwealth entity.
27A(2)
For the purposes of subsection (1) , a reference in section 16E to the accountable authority of the entity is taken to be a reference to the directors of the company.
27A(3)
The corporate plan for a Commonwealth company must include, for each reporting period covered by the plan, a summary of the following: (a) how the company will achieve its purposes; (b) how the company ' s performance in achieving the company ' s purposes will be measured and assessed, including any performance measures and any targets that will be used in the measurement and assessment.
Guide to this section
27A(1)
The purpose of this section is to prescribe requirements for corporate plans for Commonwealth companies.
It provides that most of the requirements in section 16E relating to corporate plans for Commonwealth entities also apply to corporate plans for Commonwealth companies.
It also provides that the corporate plan for a Commonwealth company must include certain matters relating to the company ' s performance.
This section is made for section 95 of the Act.
Section 16E (other than item 5 of the table in subsection 16E(2) ) applies to a Commonwealth company in the same way as it applies to a Commonwealth entity.
27A(2)
For the purposes of subsection (1) , a reference in section 16E to the accountable authority of the entity is taken to be a reference to the directors of the company.
27A(3)
The corporate plan for a Commonwealth company must include, for each reporting period covered by the plan, a summary of the following: (a) how the company will achieve its purposes; (b) how the company ' s performance in achieving the company ' s purposes will be measured and assessed, including any performance measures and any targets that will be used in the measurement and assessment.
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