sec.13Meaning of corporatisation

### sec.13 Meaning of corporatisation Corporatisation is a structural reform process for nominated government entities that— changes the conditions and (where required) the structure under which the entities operate so that they operate, as far as practicable, on a commercial basis and in a competitive environment; and provides for the continued public ownership of the entities as part of the process; and allows the State, as owner on behalf of the people of Queensland, to provide strategic direction to the entities by setting financial and non-financial performance targets and community service obligations. - (a) changes the conditions and (where required) the structure under which the entities operate so that they operate, as far as practicable, on a commercial basis and in a competitive environment; and - (b) provides for the continued public ownership of the entities as part of the process; and - (c) allows the State, as owner on behalf of the people of Queensland, to provide strategic direction to the entities by setting financial and non-financial performance targets and community service obligations.