The Treasurer and Minister for Investment, the Honourable Cameron Dick MP, tabled the 2020-21 Queensland Budget in Parliament on Tuesday 1 December 2020. The Queensland Government produces several documents to communicate the key elements of the budget. The 2020-21 suite of papers includes:
The Queensland Treasury Annual Report 2019-2020 is an integral part of our corporate governance framework and one of the main tools we use to ensure we are accountable to the Queensland Parliament and the community about our activities.
These annual financial statement requirements include the Minimum Reporting Requirements and assist agencies in the preparation of their financial statements. The requirements provide updates on new and revised accounting policies and standards and additional guidance and advice on the application of such policies and standards.
Our strategic plan outlines how we will achieve our vision to grow the Queensland economy and improve the wellbeing of all Queenslanders.
It reflects our purpose to leverage our Government-wide perspective to provide trusted, impartial and influential advice and services to clients, and partner for better outcomes in matters relating to the economy and state finances, revenue and commercial services and support for fair, safe and productive workplaces.
A statutory body should adopt a proactive approach in monitoring the appropriateness of its systems, operations and overall financial position and performance. In practical terms, the responsibility for monitoring the efficient, effective and economical financial and performance management of a statutory body will rest with a Board (or equivalent governing body).
The purpose of this guide is to provide an overview of some of the legislation, policies and guidance documents that may apply to the operation of Queensland statutory bodies. Please note that this is not an exhaustive list and agencies will need to consider the requirements of all applicable legislation and policies.
The purpose of this document is to assist departmental officers who have been tasked with establishing a statutory body. It outlines a number of the required steps involved, as well providing some useful contacts.
These Investment Policy Guidelines are designed to assist statutory bodies in understanding their obligations under the Statutory Bodies Financial Arrangements Act 1982, and to provide direction on some of the key considerations which should form the development of a prudent and appropriate investment policy framework. The Guidelines also seek to assist statutory bodies with the preparation of a formal investment policy, which should outline principles and practices for a statutory body to invest in the required manner, and be able to demonstrate it has done so.
The object of the Statutory Bodies Financial Arrangements Act 1982 (SBFA Act) is to provide for the efficient and effective management of the powers of statutory bodies to enter into financial arrangements. The guidelines provide a general outline of the impact of the SBFA Act on the operations of statutory bodies.