❓ Hon Ljiljanna Ravlich asks the Premier about the government's plans to review Government Trading Enterprises (GTEs) following a recommendation from the Economic Audit Committee, focusing on governance, ownership, potential privatisation, and cost savings. The Premier refers to a previous question on notice for the answer.
AnsweredQoN 1497Legislative Council
QuestionView source ↗
I refer to the Economic Audit Committee Final Report Recommendation (30), ‘Review GTEs to ensure that the governance and ownership of each business is appropriate for delivering Government’s policy objectives. The review should address the following issues:
(a) Does the Government need to be an active participant in the markets (due to market failure) or is it simply replicating something the private sector can do (with appropriate regulation)?
(b) Can the GTE operate independently of Government? What policy outcomes is Government seeking from the GTE (for example, fully commercial provider of specific outputs, a source of revenue, industry and/or social policy)?
(c) What is Government’s broader policy for the market in which the GTE operates and does the policy have implications for the appropriate ownership and governance of a GTE participating in the market?
(d) The relative merits of outsourcing, rationalising or decorporatising the GTE and the impact of these options on its governance’,
and I ask -
(1) When will the review of GTEs commence to ensure that the governance and ownership of each business is appropriate for delivering Government’s policy objectives and when will it be completed?
(2) How often will GTEs be reviewed to ensure that the governance and ownership of each business is appropriate for delivering the Government’s policy objectives?
(3) Who will conduct the reviews?
(4) How much is it anticipated that the review would cost?
(5) Can the Premier give an undertaking that no GTE will be privatised?
(6) If no to (5), why not?
(7) How will savings be achieved by implementing recommendation 30?
(8) What is the total expected savings to Government on an annual basis from recommendation number 30 of the Economic Audit Committee?
(a) Does the Government need to be an active participant in the markets (due to market failure) or is it simply replicating something the private sector can do (with appropriate regulation)?
(b) Can the GTE operate independently of Government? What policy outcomes is Government seeking from the GTE (for example, fully commercial provider of specific outputs, a source of revenue, industry and/or social policy)?
(c) What is Government’s broader policy for the market in which the GTE operates and does the policy have implications for the appropriate ownership and governance of a GTE participating in the market?
(d) The relative merits of outsourcing, rationalising or decorporatising the GTE and the impact of these options on its governance’,
and I ask -
(1) When will the review of GTEs commence to ensure that the governance and ownership of each business is appropriate for delivering Government’s policy objectives and when will it be completed?
(2) How often will GTEs be reviewed to ensure that the governance and ownership of each business is appropriate for delivering the Government’s policy objectives?
(3) Who will conduct the reviews?
(4) How much is it anticipated that the review would cost?
(5) Can the Premier give an undertaking that no GTE will be privatised?
(6) If no to (5), why not?
(7) How will savings be achieved by implementing recommendation 30?
(8) What is the total expected savings to Government on an annual basis from recommendation number 30 of the Economic Audit Committee?
AnswerView source ↗
Answered
4 May 2010
Responded by
Leader of the House representing the Premier
Response time
63 days
Please refer to Legislative Council Question on Notice 1451.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
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Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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