QLDIn ForceAct
Government Owned Corporations Act 1993
sec.18How Act will enable management of the corporatisation process
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### sec.18 How Act will enable management of the corporatisation process
This Act is intended to enable the corporatisation process to be applied—
progressively as government entities move through various stages of the process; and
flexibly to achieve consistent outcomes that are appropriate to the broad range of government entities and the stage that they have reached in the corporatisation process.
This Act provides, if required, for a transitional stage of corporatisation through preparation and implementation of a corporatisation charter.
The Act also imposes accountability and performance monitoring requirements for all GOCs.
s 18 amd 2007 No. 10 s 6
(sec.18-ssec.1) This Act is intended to enable the corporatisation process to be applied— progressively as government entities move through various stages of the process; and flexibly to achieve consistent outcomes that are appropriate to the broad range of government entities and the stage that they have reached in the corporatisation process.
(sec.18-ssec.2) This Act provides, if required, for a transitional stage of corporatisation through preparation and implementation of a corporatisation charter.
(sec.18-ssec.3) The Act also imposes accountability and performance monitoring requirements for all GOCs.
- (a) progressively as government entities move through various stages of the process; and
- (b) flexibly to achieve consistent outcomes that are appropriate to the broad range of government entities and the stage that they have reached in the corporatisation process.