Work with Government owned corporations (GOCs) to implement administrative and governance arrangements from amendments to the Government Owned Corporations Act 1993.

Assisted three GOCs convert from statutory GOC to company GOC and six other GOCs in the process of converting.

Help GOCs comply with relevant policies and legislative frameworks.

Monitor GOCs’ performance and assess investment proposals to encourage GOCs to achieve market-like returns while providing high-quality infrastructure and services.

Supported GOCs’ large capital expenditure by administering equity injections totalling $513 million on behalf of shareholding Ministers.

Support shareholding Ministers by evaluating capital expenditure programs for 2008–09 budgeted at $6.2 billion, including electricity distribution network upgrades worth $1.9 billion.

Work with GOCs to develop Statements of Corporate Intent (SCI) in accordance with Government’s shareholding and legislative timeframes.

In collaboration with GOCs, finalised 15 SCIs, which were agreed upon by the GOC boards and shareholding Ministers by 30 June 2008.

Work with GOCs to finalise 2009–10 SCIs and ensure statements will be agreed by GOC boards and shareholding Ministers by 30 June 2009.

Streamline processes for governance arrangements for GOC chief and senior executives.

Issued updated governance arrangements that outlined submission requirements for chief and senior executive appointments and remuneration.

Design processes to audit GOC compliance with new governance arrangements.

Continue to monitor the impacts of industrial relations issues on GOCs.

Worked with GOCs to finalise their 2008–09 employment and industrial relations plans and incorporate these plans into their SCIs.

Review the Employment and Industrial Relations Planning Guidelines, and monitor the impacts of industrial relations issues including Commonwealth legislative changes.