Government Owned Corporations Regulation 2024 (Qld)

Government Owned Corporations Regulation 2024

1 Short title This regulation may be cited as the Government Owned Corporations Regulation 2024.

2 Commencement This regulation commences on 2 September 2024.

3 Declaration of GOCs—Act, s 5 Each government entity mentioned in schedule 1 is declared to be a GOC.

4 Prescribed provisions of Financial and Performance Management Standard 2019 —Act, s 118 (1) For section 118(1)(b) of the Act, the provisions of the standard set out in schedule 2 are prescribed. (2) The changes to the provisions of the standard shown in italics in schedule 2 are— (a) the changes prescribed for section 118(2) of the Act; and (b) the provisions as applied under section 118(4) of the Act. (3) Also, for section 118(2) of the Act, a reference in a provision set out in schedule 2 to the annual financial statements of a GOC or prescribed GOC subsidiary is a reference to the annual financial statements prepared by the GOC or subsidiary under the Corporations Act. (4) In this section— standard means the Financial and Performance Management Standard 2019 as in force immediately before this section commences.

Schedule 1 GOCs CleanCo Queensland Limited ACN 628 008 159 C S Energy Limited ACN 078 848 745 Energy Queensland Limited ACN 612 535 583 Far North Queensland Ports Corporation Limited ACN 131 836 014 Gladstone Ports Corporation Limited ACN 131 965 896 North Queensland Bulk Ports Corporation Limited ACN 136 880 218 Port of Townsville Limited ACN 130 077 673 QIC Limited ACN 130 539 123 Queensland Electricity Transmission Corporation Limited ACN 078 849 233 Stanwell Corporation Limited ACN 078 848 674 Sunwater Limited ACN 131 034 985

Schedule 2 Applied provisions