16ECorporate plan for Commonwealth entities

#### 16E Corporate plan for Commonwealth entities Guide to this section The purpose of this section is to set out matters that the accountable authority of a Commonwealth entity must include in the entity’s corporate plan. The corporate plan may also include other matters and, for some Commonwealth entities, the Act (see subsections 35(3) and (5)) or the entity’s enabling legislation may require that other matters be included in the plan. A corporate plan is prepared for a single reporting period for a Commonwealth entity. However, each plan must cover at least 4 reporting periods: the reporting period for which the plan is prepared and at least the following 3 reporting periods. This section is made for subsections 35(1) and (2) of the Act. Period corporate plan must cover (1) The corporate plan for a Commonwealth entity must cover a period of at least 4 reporting periods for the entity, starting on the first day of the reporting period for which the plan is prepared under paragraph 35(1)(a) of the Act. Matters that must be included in corporate plan (2) The following table sets out the matters that must be included in the corporate plan: ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Matters to be included in a Commonwealth entity’s corporate plan</span></p></td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:23.76%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Topic</span></p></td><td style="width:67.66%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Matters to be included</span></p></td></tr></thead><tbody><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:23.76%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Introduction</span></p></td><td style="width:67.66%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The following:</span></p><p class="Tablea"><span>(a) a statement that the plan is prepared for paragraph</span><span> </span><span>35(1)(b) of the Act;</span></p><p class="Tablea"><span>(b) the reporting period for which the plan is prepared;</span></p><p class="Tablea"><span>(c) the reporting periods covered by the plan.</span></p></td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:23.76%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Purposes</span></p></td><td style="width:67.66%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The purposes of the entity.</span></p></td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:23.76%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Key activities</span></p></td><td style="width:67.66%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>For the entire period covered by the plan, the key activities that the entity will undertake in order to achieve its purposes.</span></p></td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:23.76%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Operating context</span></p></td><td style="width:67.66%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>For the entire period covered by the plan, the following:</span></p><p class="Tablea"><span>(a) the environment in which the entity will operate;</span></p><p class="Tablea"><span>(b) the strategies and plans the entity will implement to have the capability it needs to undertake its key activities and achieve its purposes;</span></p><p class="Tablea"><span>(c) a summary of the risk oversight and management systems of the entity, and the key risks that the entity will manage and how those risks will be managed;</span></p><p class="Tablea"><span>(d) details of any organisation or body that will make a significant contribution towards achieving the entity’s purposes through cooperation with the entity, including how that cooperation will help achieve those purposes;</span></p><p class="Tablea"><span>(e) how any subsidiary of the entity will contribute to achieving the entity’s purposes.</span></p></td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>5</span></p></td><td style="width:23.76%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Performance</span></p></td><td style="width:67.66%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>For each reporting period covered by the plan, details of how the entity’s performance in achieving the entity’s purposes will be measured and assessed through:</span></p><p class="Tablea"><span>(a) specified performance measures for the entity that meet the requirements of section</span><span> </span><span>16EA; and</span></p><p class="Tablea"><span>(b) specified targets for each of those performance measures for which it is reasonably practicable to set a target.</span></p></td></tr></tbody></table> ``` Corporate plan must be published (3) The corporate plan must be published on the entity’s website by the last day of the second month of the reporting period for which the plan is prepared. (4) However, if the accountable authority considers that the corporate plan contains information that: (a) is confidential or commercially sensitive; or (b) could prejudice national security; then only so much of the corporate plan that does not contain that information must be published under subsection (3). Corporate plan must be given to Ministers (5) The corporate plan, and any version of the plan referred to in subsection (4), must be given to the responsible Minister and the Finance Minister: (a) as soon as practicable after the plan is prepared; and (b) before the plan, or the version, is published under subsection (3). Variation of corporate plan (6) If the corporate plan is varied during the reporting period for which the plan is prepared and the accountable authority of the entity considers that the variation is significant, then: (a) this section applies to the plan as varied; and (b) subsection (3) applies as if it requires the plan to be published as soon as practicable after the plan is prepared (instead of it requiring the plan to be published by the day specified in that subsection). Corporate plan for new entity (7) If the entity is established at the start of, or during, the reporting period for which the plan is prepared, then subsection (3) applies as if it requires the plan to be published as soon as practicable after the plan is prepared (instead of it requiring the plan to be published by the day specified in that subsection).