Public Governance, Performance and Accountability Rule 2014

This is the Public Governance, Performance and Accountability Rule 2014, a detailed set of regulations made under the Public Governance, Performance and Accountability Act 2013. It governs how Australian Government entities and companies manage public money, report their performance, and maintain accountability.

Key things this rule does:

• Defines key terms like "government business enterprise" (listing entities like Australia Post, NBN Co, and Snowy Hydro), "senior executives", and "CCE grants" (grants made by corporate Commonwealth entities)

• Sets rules for accountable authorities (the people in charge of government entities), including:

  • Requirements to prevent, detect and respond to fraud and corruption
  • Rules about when officials must disclose personal interests that could conflict with their duties
  • Requirements to pursue recovery of debts owed to the Commonwealth

• Requires corporate plans that cover at least 4 years, setting out each entity's purposes, key activities, and how performance will be measured

• Mandates annual reports with detailed requirements including:

  • Financial and performance statements
  • Information about executive remuneration (with specific salary bands and disclosure rules)