A Governance Guide to the. Victorian Water Industry

Size: px
Start display at page:

Download "A Governance Guide to the. Victorian Water Industry"

Transcription

1 A Governance Guide to the Victorian Water Industry a

2 Published by the Victorian Government Melbourne, February 2011 The State of Victoria 2011 This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act Authorised by the Victorian Government, 8 Nicholson Street, East Melbourne ISBN (online) For more information contact the Department of Sustainability & Environment Customer Service Centre Disclaimer This publication may be of assistance to you but the State of Victoria and its employees do not guarantee that the publication is without flaw of any kind or is wholly appropriate for your particular purposes and therefore disclaims all liability for any error, loss or other consequence which may arise from you relying on any information in this publication. Accessibility If you would like to receive this publication in an accessible format, such as large print or audio, please telephone , (TTY), or This document is also available in PDF format on the Internet at

3 Contents About the Guide iii Purpose of the Guide iii Content of the Guide iii Scope of the Guide iv The Melbourne Licensees v Part 1: Water Industry Structure Victorian water businesses How water businesses are structured Minister for Water Department of Sustainability and Environment The Office of Water Other key reporting relationships Water Industry Associations The national approach to water Part 2: Areas of Regulation Central Regulation The Regulators Legislation Other regulatory instruments Key reporting requirements Corporate Plan Annual Reporting Continuous disclosure Business cases Specific areas of regulation Safe Drinking Water The Regulator Legislation Policy and Guidance notes Regular reporting to the Department of Health Incident-specific reporting requirements Water Prices & Service Standards Essential Services Commission Legislation Other government guidance/direction Reporting requirements Environmental Protection Environment Protection Authority Legislation Reporting requirements Dispute resolution scheme Energy and Water Ombudsman Legislation i

4 Part 3: Directors Duties Private vs. Public sector Directors Duties The Public Administration Act 2004 (Vic) Directors Code of Conduct Directors Duties under the Water Act 1989 (Vic) Targeted training for water directors Appointment & Remuneration Appendix Further references ii

5 About the Guide Purpose of the Guide As one of Victoria s essential services, water is subject to careful management and regulation. This Guide provides an overview of the governance framework surrounding the water industry and an introduction to the legislation, ministers, government departments and regulators that play a role in the management of Victorian water. Although not an alternative to reading and understanding the relevant legislation, this Guide provides a framework for navigating through the regulatory system and a useful induction tool for newcomers to the industry. Content of the Guide In Part 1, the Guide provides an overview of the Victorian water industry, including its structure and stakeholders. It covers: Victorian water businesses key ministers state government departments and regulators the role played by the Commonwealth government. Part 2 takes a closer look at how water businesses are regulated in the areas of: strategy and finance pricing & service standards safe drinking water environmental protection customer dispute resolution For each area, the Guide introduces the role of the various departments and agencies, the key legislation and gives an overview of the reporting requirements. In Part 3, the Guide focuses on the directors of water businesses, covering: appointment and remuneration key legislation directors duties Finally, the Guide provides a list of further reading and links to more detailed information. iii

6 Scope of the Guide Complementary publications There are a number of publications written about public sector governance including: Governance Guidelines for Department of Sustainability & Environment (DSE) Portfolio Statutory Authority Board Members (published by the DSE) Good practice guide on governance for Victorian public sector entities (published by the State Services Authority) This Guide is not designed as a replacement for any existing publications but rather fills the need for a governance guide written specifically for the water industry. Which water businesses does the Guide cover? There are 19 state-owned water businesses in Victoria, however this Guide primarily covers those 16 that are governed by the Water Act 1989 (Vic). Specifically they are: Barwon Water Central Highlands Water Coliban Water East Gippsland Water Gippsland Water Goulburn-Murray Water Goulburn Valley Water Grampians Wimmera Mallee Water Lower Murray Water Melbourne Water North East Water Southern Rural Water South Gippsland Water Wannon Water Westernport Water Western Water iv

7 The Melbourne Licensees There are three water businesses that are not covered by this Guide. They are Yarra Valley Water, City West Water and South East Water, collectively known as the ( Licensees ). They supply retail water and sewerage services to the Melbourne metropolitan area. What are the key differences? The Licensees are established under the Corporations Act 2001 (Cth) whereas the remaining water businesses are established under the Water Act 1989 (Vic). In addition to this, the Licensees key reporting relationship is to the Treasurer whereas the remaining water businesses report primarily to the Minister for Water. Despite these differences, other key aspects of the governance framework covering drinking water quality, environment protection, price regulation and customer protection are the same. Why does the Guide not cover the Licensees? The Guide does not specifically cover the governance framework of the Licensees as the government is currently taking steps to bring them under the same framework as the rest of the water businesses. Disclaimer This Guide provides introductory information only. It is not to be taken as professional advice and should not be used as a replacement for formal legal advice where it is required. v

8 vi

9 Part 1: Water Industry Structure In Australia, water is managed on a state-by-state basis. Although there is a national approach to some issues, each state retains ownership of its own water industry. Victorian water businesses In Victoria, water is managed by 19 state owned businesses that report to the Victorian government. Each supplies water and/or sewerage services to customers within its service area. A complete list is set out in Appendix 1. An additional entity, the Northern Victoria Irrigation Renewal Project (NVIRP) has been created to deliver a $2 billion irrigation upgrade to the Goulburn Murray irrigation system. Irrigation modernisation will improve water delivery management and irrigation services and recover much of the water now being lost. Catchment Management Authorities In addition to these businesses, there are 10 Catchment Management Authorities (CMAs) established under the Catchment and Land Protection Act 1994 (Vic). The CMAs are responsible for coordinated catchment management in their region. In addition, the CMAs (together with Melbourne Water) effectively undertake the role of caretaker of river health for their region. They have responsibility for a range of functions that focus on the maintenance and improvement of river health and the minimisation of flood risks and costs whilst preserving natural features of the floodplain. CMAs are provided with regional waterway, floodplain, drainage and environmental water reserve management powers under the Water Act 1989 (Vic). Their responsibilities are also articulated in Statements of Obligations issued by the Minister for Water. How water businesses are structured Although owned by the government, water businesses act as stand-alone entities and are responsible for their own management and performance. Each water business has a Chairperson and a Board of directors. The Board has a range of responsibilities including: steering the entity setting objectives and performance targets ensuring compliance with legislation and government policy Each Board appoints a Managing Director who is responsible for the day-to-day management of the water business under delegation from the Board. Each Managing Director sits on the Board and is the primary link between the Board and the water business staff communicating Board priorities and policies to the staff and presenting reports, submissions and budgets to the Board. 1

10 Minister for Water Under the state s laws, the Board of each water business reports to the Minister for Water via the Department of Sustainability and Environment. In turn, the Minister is responsible for reporting to Parliament on the performance of each water business. The relationship between the Minister and water businesses is established by the Water Act 1989 (Vic) under which the Minister has the power to: regulate aspects of water management request regular reports and information make policy issue Ministerial Directions set standards and obligations In addition to complying with the legislative provisions, water businesses need to ensure that they maintain a good relationship with the Minister, keeping him well-informed of all critical issues. Department of Sustainability and Environment To assist with the management of the water industry, the Minister is supported by the Office of Water within the Department of Sustainability and Environment. The Office of Water supports the Minister in a number of ways including: providing advice on policy, performance and compliance as a liaison between the Minister and each business reviewing annual reports, corporate plans and other key documents implementing government policies The DSE is headed by the Secretary who plays an important role in the liaison between the Minister and the Office of Water. The Office of Water The Minister communicates with the Office of Water through the DSE Secretary and the General Manager. The Office of Water is divided into a number of divisions that operate as follows: Figure 1: The Office of Water Management Structure Minister for Water Secretary DSE General Manager Water Sustainable Water, Environment and Innovation Division Entitlements and Strategies Division Policy Division Water Industry Division Intergovernmental 2

11 Sustainable Water, Environment & Innovation Division The Sustainable Water, Environment and Innovation Division is responsible for the management of the policy and investment framework to achieve the Government s target of a significant improvement in the health of Victoria s rivers, floodplains and estuaries. The Division is also responsible for the establishment of the Government s Environmental Water Reserve, river health investment, strategic communication and engagement, water resource assessment and research, environmental water reserve management, recycling and environmental flows. Water Entitlements and Strategies Division The Water Entitlements and Strategies Division is responsible for water resource policy issues including improving the water allocation framework, consumption and entitlements, licensing and agreements, building the Water Register and Irrigation programs. Policy Division The Policy Division develops comprehensive water policy for Victoria, and contributes to the development of national policy. It has operational responsibilities including industry and market analysis, trading, pricing and industry regulation. Water Industry Division The Water Industry Division is responsible for developing and managing appropriate operational and governance frameworks, institutional protocols and funding mechanisms to guide and support the implementation of policies, strategies and programs by the water industry. The Division undertakes industry development, industry regulation, industry performance oversight, water corporation governance, stakeholder engagement, program implementation and monitoring. Intergovernmental The Intergovernmental group is responsible for co-ordinating the conduct of the water sector intergovernmental policy and program obligations assigned to the Minister and Secretary under the Murray-Darling Basin Agreement, Council of Australian Governments (CoAG) s National Water Initiative & Murray-Darling Basin Intergovernmental Agreements and the Snowy Water Agreement. Other key reporting relationships As well as reporting directly to the Minister for Water, each water business has a responsibility to report to the following entities: Government entity Treasurer (Department of Treasury and Finance) Area of regulation Financial management Secretary to the Department of Health Safe drinking water Essential Services Commission Pricing & Performance Environment Protection Agency Environmental protection Energy and Water Ombudsman (Victoria) Dispute resolution scheme Part 2 of the Guide will look at each of these in further detail. 3

12 Water Industry Associations There are a number of independent state and national industry associations that represent the interests of water businesses. Victorian Water Industry Association (Vic Water) VicWater is the peak industry association for water businesses in Victoria. VicWater plays an important role in the Victorian water industry in: influencing government policy providing forums for industry discussions on priority issues disseminating news and information on current issues to stakeholders identifying training needs producing performance reports and industry guides providing training for water corporation directors Australian Water Association (AWA) AWA provides leadership in the water sector through collaboration, advocacy and professional development. AWA provides a link to the international water industry, providing both local and global networks, developing strong relationships and leading discussions. Water Standards Association of Australia (WSAA) WSAA was formed in 1995 to provide a forum for debate on issues of importance to the urban water industry and to be a focal point for communicating the industry s views. WSAA promotes knowledge sharing, networking and cooperation amongst members. It identifies emerging issues and develops industry-wide responses and acts as the voice of the urban water industry, speaking to government, the broader water sector and the Australian community. The national approach to water For some issues, the states have agreed to take a national approach to water management. The regulation of the Murray-Darling Basin, which crosses a number of state borders, is a good example. This national approach was formalised in 2004 when the state governments, the local government authorities and the Commonwealth government signed an inter-governmental agreement through the Council of Australian governments (CoAG) that created a national forum for dealing with water issues through the establishment of the National Water Initiative. The National Water Initiative (NWI) is described as, Australia s enduring blueprint for water reform and represents a shared commitment by governments to increase the efficiency of Australia s water use, leading to greater water productivity and greater certainty for investment for rural and urban communities and the environment. 4

13 Under the NWI, governments have made commitments to: prepare water plans with provision for the environment deal with over-allocated or stressed water systems introduce registers of water rights and standards for water accounting expand the trade in water improve pricing for water storage and delivery meet and manage urban water demands. The overall objective of the National Water Initiative is to achieve a nationally compatible market, regulatory and planning based system of managing surface and groundwater resources for rural and urban use that optimises economic, social and environmental outcomes. The National Water Commission (NWC) is responsible for the administration of the National Water Initiative. Established under the National Water Commission Act 2004 (Cth), the NWC advises CoAG and the Australian Government on national water issues and the progress of the National Water Initiative. The NWC is an independent statutory authority within the federal Environment, Water, Heritage and the Arts portfolio and reports directly to the Commonwealth s Minister for Climate Change and Water. Australian Consumer and Competition Commission (ACCC) The ACCC promotes competition and fair trade and its primary responsibility is to ensure that individuals and businesses comply with the Commonwealth competition, fair trading and consumer protection laws. It also regulates national infrastructure services. The Water Act 2007 (Cth) was enacted to enable the Australian government to better manage the Murray Darling Basin water resources. Under this legislation, the ACCC is responsible for: providing advice to the Minister for Climate Change and Water on water market rules and water charge rules monitoring compliance with and enforcing the water market rules and water charge rules; and providing advice to the Murray-Darling Basin Authority on water trading rules for inclusion in the Basin Plan. Murray-Darling Basin Authority The Murray-Darling Basin Authority is responsible for the integrated management of the Murray-Darling Basin and reports to the federal Minister for Climate Change and Water. Key functions of the authority include: preparing the Basin Plan for adoption by the Minister for Climate Change and Water, including setting sustainable limits on water that can be taken from surface and groundwater systems across the Basin advising the Minister on the accreditation of state water resource plans developing a water rights information service which facilitates water trading across the Murray-Darling Basin measuring and monitoring water resources in the Basin gathering information and undertaking research engaging the community in the management of the Basin s resources. 5

14 6

15 Part 2: Areas of Regulation Central Regulation The Regulators As discussed in Part 1, the Minister for Water is ultimately responsible for the performance of each water business. To ensure that ministerial responsibilities are met, the Minister plays a central role in regulating Victoria s water businesses including: setting the strategic direction of each water business ensuring that the provisions of the Water Act are met reviewing annual reports, corporate plans and business cases Financial reporting The Treasurer plays a key role in the regulation of the financial operation of water businesses. The Treasurer and the Department of Treasury and Finance are responsible for setting financial reporting guidelines and reviewing annual reports, corporate plans and business cases alongside the Minister for Water. In practice, the Treasurer works very closely with the Minister in this role so financial regulation has been included as part of this central regulation section. Legislation The Water Act 1989 (Vic) The Water Act 1989 (Vic) is the central legislation for the Victorian water industry. Its objects include: promoting the orderly, equitable and efficient use of water resources making sure that water resources are conserved and properly managed for sustainable use for the benefit of all Victorians to maximise community involvement in the making and implementation of arrangements relating to the use, conservation or management of water resources. The framework of the Act includes: providing the framework for the allocation and management of the State s water resources the functions, rights and obligations of the majority of the state s water businesses. Sustainability management principles Section 93 of the Water Act 1989 (Vic), added in 2006, requires water businesses to have regard to sustainable management principles in the exercise of their powers and performance of their functions. These sustainable management principles incorporate internationally recognised environmental concepts and include the need to ensure that water resources are conserved and properly managed for sustainable use and for the benefit of present and future generations. 7

16 Business objectives for water corporations Section 94 of the Act states that each water corporation, in performing its functions, exercising its powers and carrying out its duties has the objective that the water corporation must act as efficiently as possible consistent with commercial practice. Balancing the obligations of the sustainable management principles and the business objectives of a water corporation is a key task for each water corporation and its Board. The Water Industry Act 1994 (Vic) The Water Industry Act 1994 (Vic) was introduced to establish the framework under which the three Melbourne water retailers are regulated. It provides the framework for regulating water process and service standards and establishes the Essential Services Commission as the water industry price regulator. It also allows the Minister to issue Statements of Obligations to each water business. Financial Management Act 1994 (Vic) The Financial Management Act 1994 (Vic) aims to: improve financial administration of the public sector make better provision for the accountability of the public sector provide for annual reporting to the Parliament by departments and public sector bodies The Act also allows the Treasurer to issue financial reporting guidelines to public sector bodies including water businesses. Other regulatory instruments Statement of Obligations Section 4I of the Water Industry Act 1994 (Vic) states that the Minister for Water (after consultation with the Treasurer and the ESC) has the right to issue a Statement of Obligations to a water business. Each water business has a Statement of Obligations (SOO) that specifies a number of requirements for water businesses to follow. SOOs are based on a combination of water legislation requirements and government policy. Ministerial directions A Ministerial direction is written instruction from the Minister to a Board of directors of a water business, requesting it to take specified actions. Under s 307 (1) of the Water Act 1989 (Vic), the Minister, after consulting with the Treasurer, may give a written direction to water businesses addressing the performance of any of its functions. Directions may be given to a group of water businesses or to an individual water business. In practice, Ministerial directions are rare and there are certain disclosure requirements that accompany a Ministerial direction. Where a direction is given, the Minister must: give a water business 14 days notice of the direction publish the direction in the Government Gazette; and publish the direction in the DSE Annual Report 8

17 Key reporting requirements As part of their regular reporting cycle, water businesses are required to submit a number of key documents for review by the Minister and the Treasurer. Annual reporting An annual report must be submitted for each financial year and audited by the Auditor- General before being tabled in Parliament. Corporate plans Each water business must submit an annual corporate plan that provides a statement of corporate intent, expected activities and a financial forecast for the following five years. To ensure that the Minister and Treasurer are kept up to date with the activities of each water business, quarterly and half-yearly progress reports are also required. Water Plan Water Plans are required every five years and include details about the proposed revenue requirements, tariff and pricing structures. Water Plans are managed by the Essential Services Commission and covered in more detail in that chapter. Corporate Plan Part 13 of the Water Act 1989 (Vic) sets out the annual requirement for Corporate Plans which must be submitted on or before a date specified by the Minister, usually 30 April. Contents of the Corporate Plan Corporate Plans are prepared annually and have a five year planning horizon. They contain a statement of corporate intent detailing: business objectives and main undertakings the nature and scope of activities performance targets details of major initiatives and capital projects financial forecasts Any further content guidelines may be issued jointly by the Minister and the Treasurer. The review process In reviewing a business s Corporate Plan, the Minister for Water will examine its alignment with the water policy objectives of Government. The Treasurer will look at the plan s potential for financial risk and its implications for the State s overall financial position. After the Corporate Plan is submitted for approval, the Minister for Water has two months to provide comments, after which it is deemed to be approved. If the Minister does have comments these will be provided in writing to the relevant water business. 9

18 Quarterly performance reports Each quarter, water businesses must provide updates to the Minister and Treasurer on how their corporate plans are being implemented. On receipt of these reports, they are reviewed by each of the relevant departments. As part of these reviews, the Minister and Treasurer will review how a business is progressing with its strategic direction and proposed activities against its most recent Corporate Plan. Annual Reporting Annual Reports are required under s 45 of the Financial Management Act 1994 (Vic). The Minister for Finance may issue Standing Directions setting out requirements for annual reports. The Minister for Water may also issue Ministerial Directions as to the contents of the Annual Report under s 51 of the Financial Management Act 1994 (Vic). Annual Reports must be audited by the Auditor-General and tabled in Parliament by the Minister for Water by a set date each year. Continuous disclosure The Minster and the Treasurer must be notified in quarterly performance reports if a board of directors believes that they are not going to achieve an objective of its corporate plan. The board must also submit their reasons. Reporting requirements are designed to ensure a regular flow of information between a water business and relevant government departments. Water businesses must ensure that they provide regular updates about any major changes or problems that a water business is facing. Business cases Water businesses are required to submit business case proposals for capital investment proposals over a specified value. Threshold values have been set at $10, $20 or $50 million depending on the size of the water business. Regardless of value, water businesses may also be required to submit a business case where a project is of particular interest to the Minister or Treasurer. The Department of Treasury & Finance publishes a comprehensive guide to business case requirements called Investment Lifecycle Guidelines: business cases which is available on the DTF website. Business case review Business cases need to be reviewed and approved by both the Treasurer and the Minister for Water. The Treasurer will be concerned with the financial viability of capital investment proposals and the Minister for Water will be looking at the overall strategic direction of the proposal and alignment with the government s water policy. 10

19 Specific areas of regulation In addition to the business-wide reporting set out above, some of the key areas that are regulated by the Minister for Water are discussed in more detail below. Terrorism Risk Management In 2002, following terrorist attacks in the US and Bali, the Commonwealth and state governments in Australia agreed to review their existing legislation and counter-terrorism measures. Terrorism (Community Protection) Act 2003 (Vic) Following this review, the Victorian government passed the Terrorism (Community Protection) Act 2003 (Vic) introducing important new powers and obligations to ensure that there is an adequate framework to prevent and respond to a terrorist act. On 24 July 2007, it was declared that Part 6 of the Act applied to the essential services of water and sewerage. Therefore, water businesses now have a number of provisions to comply with under the legislation: Risk management plans Part 6 of the Act states that each water business must create a risk management plan that aims to prevent and manage any terrorist attacks. The plan can be part of a larger risk management plan. Auditing The plans must be audited each year, updated if necessary and made available to the Minister for Water upon request. Training exercises Each water business must develop and participate in a training exercise at least once a year to test the operation of the risk management plan. As required by the legislation, the training exercises will be supervised by: a senior manager from the Office of Water (on behalf of the Minister) and the Counter Terrorism Coordinating Unit (on behalf of the Police Commissioner) Dam safety reporting Under its Statement of Obligations, a water business must comply with a number of dam safety requirements. Having regard to the Australian National Committee on Large Dams (ANCOLD) guidelines these requirements include: developing dam safety monitoring programs conducting necessary dam safety works implementing risk reduction measures In addition, a water business must submit an annual report to the Secretary of the DSE by 30 June that includes: a prioritised list of dam safety works a summary of the risk profile for its dams As a tool for benchmarking and promoting continual improvement of dam safety, the DSE now produces an annual statewide dam safety report that is shared with each water business. 11

20 Blue-green algae reporting Blue-green algae are a common seasonal occurrence in Victoria and a natural component of most waterways. Significant numbers of blue-green algae can result from low water levels and high temperatures and can be very toxic. The DSE is responsible for the statewide management of blue-green algae outbreaks and produces a monthly blue-green algae update which is published as part of its monthly water report. Water businesses must monitor blue-green algae levels and comply with the DSE s reporting framework as explained in the annual blue-green algae circular. Safe Drinking Water Where blue-green algae blooms affect the state s drinking water, additional reports may be required by the Department of Health under the Safe Drinking Water Act 2004 (Vic). Groundwater management Groundwater is a complex resource. The unseen nature of groundwater makes it difficult to quantify and careful monitoring and management is necessary to prevent over-extraction. The Crown co-ordinates and delegates authority to government departments and water corporations to develop and manage the groundwater resource in an integrated and planned manner. In Victoria, groundwater is managed by the Minister, the DSE and the rural water authorities Southern Rural Water, Grampians Wimmera Mallee Water and Goulburn- Murray Water. These rural water corporations play a major role in groundwater management. In addition to undertaking research, investigations and groundwater monitoring, they also issue licences for bore construction and groundwater extraction. Groundwater licences Under s 51 of the Water Act 1989 (Vic), the Minister is responsible for issuing licences for the use of groundwater. However, under an instrument of delegation, the Minister has delegated this power to the three rural water authorities who are responsible for issuing groundwater licences and administering the relevant Water Act provisions. Figure 2: Administration of groundwater licences Minister for Water Instrument of Delegation Guidelines and advice Rural Water Authorities DSE Groundwater and Licensing Branch Groundwater Licences The Minister and the DSE (the Groundwater and Licensing Branch) continue to provide Ministerial Guidelines and informal advice to the rural water authorities on the management of groundwater licences. 12

21 Bulk entitlements Bulk entitlements determine how much water an entity can take from a particular source and under what conditions and are covered by Part 4 of the Water Act 1989 (Vic). Under sections 43 and 47 of the Act, bulk allocations of water are made under Bulk Entitlement Conversion Orders. These Orders set out a number of conditions about the use, management and supply of the allocated water including: providing for the supply of water to irrigation licence holders ensuring minimum flows in specified waterways Orders include comprehensive reporting requirements setting out what needs to be reported directly to the Minister and what needs to be reported in a water business s annual report. 13

22 Safe Drinking Water The Regulator The provision of safe drinking water in Victoria is regulated by the Safe Drinking Water Regulatory Section, which sits within the Public Health Branch of the Department of Health (DoH). The Secretary to DoH has a number of powers and responsibilities including: protecting public health in relation to the supply of drinking water ensuring compliance with the drinking water legislation reporting on the performance of water businesses including producing an annual report on drinking water quality for Parliament Legislation Purpose With a view to protecting and improving the drinking water in Victoria, safe drinking water legislation came into effect in July Safe Drinking Water Act 2003 (Vic) The Safe Drinking Water Act 2003 (Vic) provides a comprehensive, state-wide regulatory framework that covers drinking water supplied by the state-owned water businesses around Victoria. It also covers drinking water supplies at alpine resorts and supplies managed by Parks Victoria. The Act requires water businesses to: develop and implement an integrated risk management structure comply with standards for drinking water communicate effectively with stakeholders publicly disclose relevant water quality information Risk management Addressing past concerns about risk management, Part 2 of the Act requires water businesses to have integrated risk management frameworks for drinking water. Risk management plans are regularly audited by the DoH and the results published in annual safe drinking water reports. Safe Drinking Water Regulations 2005 The Safe Drinking Water Regulations 2005 set out the required contents of risk management plans and also give more detail on required water quality standards. 14

23 Policy and Guidance notes In addition to the core legislation, each water business must comply with any safe drinking water policy decisions or guidance that is issued by the Safe Drinking Water Regulatory section. Policy and guidance material is made available to industry through the department s drinking water website: To support water businesses in their application of safe drinking water legislation, the DoH produces Guidance notes that are distributed in a number of ways: a hard copy delivered to Managing Directors of water businesses ed via a regular stakeholder newsletter published on the DoH website Regular reporting to the Department of Health 1. Water quality testing results Water businesses must submit monthly water quality reports to the DoH (Regulation 13 of the Safe Drinking Water Regulations 2005) Required contents: These reports must detail how the water businesses performed against the water quality standards detailed in Schedule 2 of the Regulations. Delivery: Information is submitted electronically and stored in a central DoHadministered database. 2. Annual Drinking Water Quality Reports Each water business must produce and supply to the Secretary to the Department of Health an annual report, under s 26 of the Safe Drinking Water Act 2003 (Vic), on issues relating to quality of drinking water and regulated water. Required contents: Regulation 15 of the Safe Drinking Water Regulations 2005 sets out the required contents of the annual report. Annual Guidance Notes are also issued by the Secretary to DoH. Delivery of report: The report must be submitted to the Secretary to DoH by 31 October each year. 15

24 Incident-specific reporting requirements Water quality problems Water businesses must notify the Secretary to the DoH where there is any known or suspected contamination of drinking water (s 22) and if there are any breaches of water quality standards (s 18). What happens if there is a breach in drinking water standards? The Secretary to the DoH can: enter into undertakings with water suppliers to achieve specified requirements provide directions to a water business if they believe that the drinking water may pose a public risk request information from water businesses Practical example: In the reporting period, 11 water businesses were audited. Two water storage managers were found to be non-compliant because of the lack of integration between their risk management plans and the plans of the water suppliers with which they interact. Figure 3: Safe Drinking Water regulatory framework Parliament Safe Drinking Water Legislation Safe Drinking Water Annual Report Policy and Guidelines Water Business Secretary To DoH Safe Drinking Water Regulatory Section Safe Drinking Water reporting 16

25 Water Prices & Service Standards Essential Services Commission The Essential Services Commission is the independent economic regulator of the water industry and is responsible for regulating the prices and service standards of water businesses in Victoria. Legislation In relation to the water industry, the Commission gets its regulatory power from three sources: Essential Services Commission Act 2001 (Vic) Part 1A of the Water Industry Act 1994 (Vic) Water Industry Regulatory Order 2003 The Water Industry Regulatory Order 2003 is made by the Governor in Council under s 4D(1)(a) of the Water Act 1989 (Vic). The purpose of this Order is to provide a framework for economic regulation by the Essential Services Commission for services provided by the regulated water industry. Other government guidance/direction The Commission publishes price reviews, performance reports, codes of conduct and other directives that are adopted by water businesses: Customer service codes: The Commission publishes approved customer service codes for urban and rural water businesses and each must comply with the applicable code including the creation of a customer service charter. Decisions & Determinations: The Commission publishes decisions and determinations outlining the prices that businesses can charge for water services. Performance reports: The Commission reports publicly the performance of Victoria s water businesses providing urban services with the aim of stimulating competition by comparison and to inform customers about the service levels they receive. The reports focus on key issues of quality, reliability and the affordability of water and sewerage services. Tariff Approvals: Each year the Commission approves tariffs for each business consistent with the adjustment process set out in the price determination. 17

26 Reporting requirements Water Plan As part of complying with its Statement of Obligations each water business must submit a Water Plan to the Commission before the start of each set pricing regulatory period. The current regulatory period is Objective: The key objective of a water plan is to outline the service standards that a water business intends to deliver and to detail the revenue required to meet these standards. Consultation process: A water business must consult extensively with a range of stakeholders during the preparation of its water plan including its customers. A draft water plan must be made available to the public, the Minister for Water, the Treasurer, the ESC, the EPA and the Department of Health. Final submission: Once the consultation is complete, a water business must deliver its final water plan to the ESC. The current water plans were delivered to the ESC in October 2007 and commenced on 1 July

27 Environmental Protection Environment Protection Authority The Environment Protection Authority s purpose is to care for and protect the environment. Within the water industry, the EPA plays an important role in the regulation of the discharge of wastewater. The EPA is an independent statutory authority with an independent Chairman. There is also an Advisory Board which is appointed by the Governor-in-Council and comprises three members with scientific, community and business expertise. This Board provides an overview of the administration and policies of the Authority, without direct management responsibility or a regulatory role. It also provides advice to the Chairman and the Minister for Environment and Climate Change on EPA administration, functions, policies, strategic direction, corporate planning and on national and international trends in environment protection. Legislation The Environment Protection Act 1970 (Vic) was introduced to provide a legal framework for the protection of the environment and established the EPA. Each water business must have a licence with the EPA to cover the discharge of wastewater into the environment. Corporate licences Under its new corporate licence program, each water business will have a single licence with the EPA to cover all of its wastewater facilities. Previously, a separate licence was required for each wastewater facility. The corporate licence sets out a number of requirements covering: a joint, public commitment by the EPA and the water business to increase sustainability of the water business performance requirements for the water business to meet Reporting requirements Under the licence provisions, water businesses must regularly sample and monitor wastewater and alert the EPA after specified incidents or non-compliance. A corporate licence also includes a requirement to submit an Annual Performance Statement to the EPA. Water Plan A water business must send a copy of its draft Water Plan (as discussed more fully above) to the EPA during the consultation period. 19

28 Dispute resolution scheme Energy and Water Ombudsman The Energy and Water Ombudsman (Victoria) is an industry-based external dispute resolution scheme that deals with conflicts between water businesses and their customers. EWOV is independent from the government and does not report to the Minister. Legislation Under section 122ZG of the Water Act 1989 (Vic) each water business must participate in EWOV. Under the Customer Service Codes issued by the Essential Services Commission, a water business must have a complaint escalation process that provides its customers with information about referral to EWOV. Figure 4: Requirement to participate in EWOV s dispute resolution scheme Water Act 1989 Water Businesses EWOV Essential Services Commission Ombudsman Victoria The Ombudsman is a constitutional independent officer of the Victorian Parliament and seeks to ensure the highest possible standards of public sector service delivery to all Victorians. He/she enquires into or investigates administrative actions taken by a Government department or public statutory body or by any member of staff of a municipal council. 20

29 21

30 Part 3: Directors Duties Directors of water businesses are subject to a number of statutory and common law duties. Private vs. Public sector Directors Duties There are some important differences between public and private sector directors duties. Public sector directors must comply with the statutory directors duties from the following sources: the Public Administration Act 2004 (Vic) Directors Code of Conduct Common law directors duties In addition to these, directors of water businesses must also comply with requirements as set out in the Water Act 1989 (Vic). Private sector directors, on the other hand, are subject to the directors duties set out in the Corporations Act 2001 (Cth) and like public sector directors are also subject to common law directors duties. Figure 5: The source of water directors duties compared with the source of private sector directors duties. Water Business Directors Private Sector Directors Corporations Act 2001 (Cth) Directors Code of Conduct Common law Directors Duties Water Act 1989 Public Administration Act

31 The Public Administration Act 2004 (Vic) The Public Administration Act 2004 (Vic) sets out the expected standards of behaviour across the public service and applies to directors of water businesses. The Act is administered by the State Services Authority which aims to foster the development of an efficient, integrated and responsive public sector. Its key functions include: promoting high standards of integrity and conduct in the public sector promoting high standards of governance, accountability and performance for public entities. Section 7 of the Act sets out the values that have been identified to ensure good governance across the Victorian public sector. They are: Responsiveness Integrity Respect Human Rights Impartiality Accountability Leadership In applying these principles, water industry directors must: ensure any statement of corporate values is consistent with these public sector values model the values and ensure staff are informed of them Requirements for public sector directors Section 79 of the Act states that a director of a public entity must at all times in the exercise of the functions of his or her office act: (a) honestly; and (b) in good faith in the best interests of the public entity; and (c) with integrity; and (d) in a financially responsible manner; and (e) with a reasonable degree of care, diligence and skill; and (f) in compliance with the Act or subordinate instrument or other document under which the public entity is established. Section 79 also states that a director of a public entity must not improperly use his or her position or any information acquired by him or her by reason of his or her position,to: gain an advantage for himself or herself or another person; or cause detriment to the public entity. 23

32 Requirements for Boards of public entities Section 81 of the Act sets out behavioural standards for Boards of public entities and states that a board must ensure that: they act consistently with the functions and objectives of the entity they keep Ministers abreast of risk management procedures and risks to effective operation of the entity they respond to requests for information from the Minister there is a code of conduct in place for directors there is a procedure in place to deal with conflicts of interest there are procedures in place for proper conduct of board meetings there is an adequate gifts policy for directors in place there are procedures in place for monitoring directors performance Accountability provisions Section 85 of the Act states that a board of a public entity is accountable to the responsible Minister and that the Minister responsible for a public entity is responsible to the Parliament in respect of: the exercise by the public entity of its functions the exercise by the Minister of his or her powers in relation to the public entity including: the power to appoint directors or remove them from office, or the power to recommend the appointment or removal from office of directors; the power to give directions to the public entity or request information from it; the power to control or affect its operations; the power to initiate a review of the public entity s management systems, structures or processes. 24

Summary: Introduction

Summary: Introduction Summary: Melbourne Water has a range of responsibilities in the Port Phillip and Westernport region, including responsibilities for the protection and restoration of waterways and, in collaboration with

More information

HUNTER WATER CORPORATION. Board of Directors. Charter JUNE 2015 V1.1

HUNTER WATER CORPORATION. Board of Directors. Charter JUNE 2015 V1.1 HUNTER WATER CORPORATION Board of Directors Charter JUNE 2015 V1.1 Table of Contents 1 Introduction... 2 2 Purpose... 2 3 Objectives... 2 4 Role and Function of the Board... 2 5 Duties and Responsibilities...

More information

Queensland. Health Practitioner Regulation (Administrative Arrangements) National Law Act 2008

Queensland. Health Practitioner Regulation (Administrative Arrangements) National Law Act 2008 Queensland Health Practitioner Regulation (Administrative Arrangements) National Law Act 2008 Act No. 62 of 2008 Queensland Health Practitioner Regulation (Administrative Arrangements) National Law Act

More information

NATIONAL PARTNERSHIP AGREEMENT ON E-HEALTH

NATIONAL PARTNERSHIP AGREEMENT ON E-HEALTH NATIONAL PARTNERSHIP AGREEMENT ON E-HEALTH Council of Australian Governments An agreement between the Commonwealth of Australia and the States and Territories, being: The State of New South Wales The State

More information

Better Practice Local Laws Strategy

Better Practice Local Laws Strategy Better Practice Local Laws Strategy December 2008 December 2008 Published by Local Government Victoria Department of Planning and Community Development Level 8, 55 Collins Street MELBOURNE VIC 3000 Tel:

More information

CORPORATE GOVERNANCE - BOARD CHARTER PART A DEFINING GOVERNANCE ROLES

CORPORATE GOVERNANCE - BOARD CHARTER PART A DEFINING GOVERNANCE ROLES CORPORATE GOVERNANCE - BOARD CHARTER PART A DEFINING GOVERNANCE ROLES 1. ROLE OF THE BOARD 1.1 Function The Board of Directors of Exalt Resources Limited have approved the following charter formalising

More information

Tourism Investment Opportunities of Significance in National Parks. Guidelines

Tourism Investment Opportunities of Significance in National Parks. Guidelines Tourism Investment Opportunities of Significance in National Parks Guidelines Published by the Victorian Government Department of Sustainability and Environment Melbourne April 2013. The State of Victoria

More information

POLICY ON CORPORATE GOVERNANCE FOR LESOTHO PUBLIC ENTERPRISES, GOVERNMENT AGENCIES AND ENTITIES

POLICY ON CORPORATE GOVERNANCE FOR LESOTHO PUBLIC ENTERPRISES, GOVERNMENT AGENCIES AND ENTITIES POLICY ON CORPORATE GOVERNANCE FOR LESOTHO PUBLIC ENTERPRISES, GOVERNMENT AGENCIES AND ENTITIES PREAMBLE The Government of Lesotho has noted the increasing demand of the citizens for better control and

More information

Department of Infrastructure and Planning: Governance Framework for Infrastructure Delivery Special Purpose Vehicles

Department of Infrastructure and Planning: Governance Framework for Infrastructure Delivery Special Purpose Vehicles Department of Infrastructure and Planning: Governance Framework for Infrastructure Delivery Special Purpose Vehicles Governance Framework for Special Purpose Vehicles Table of Contents Executive Summary...3

More information

COMPLIANCE FRAMEWORK AND REPORTING GUIDELINES

COMPLIANCE FRAMEWORK AND REPORTING GUIDELINES COMPLIANCE FRAMEWORK AND REPORTING GUIDELINES DRAFT FOR CONSULTATION June 2015 38 Cavenagh Street DARWIN NT 0800 Postal Address GPO Box 915 DARWIN NT 0801 Email: utilities.commission@nt.gov.au Website:

More information

Board Charter. HCF Life Insurance Company Pty Ltd (ACN 001 831 250) (the Company )

Board Charter. HCF Life Insurance Company Pty Ltd (ACN 001 831 250) (the Company ) Board Charter HCF Life Insurance Company Pty Ltd (ACN 001 831 250) (the Company ) Board approval date: 27 October 2015 Contents 1. Introduction and Purpose of this Charter...1 2. Role of the Board...1

More information

NSW Data & Information Custodianship Policy. June 2013 v1.0

NSW Data & Information Custodianship Policy. June 2013 v1.0 NSW Data & Information Custodianship Policy June 2013 v1.0 CONTENTS 1. PURPOSE... 4 2. INTRODUCTION... 4 2.1 Information Management Framework... 4 2.2 Data and information custodianship... 4 2.3 Terms...

More information

FMCF certification checklist 2014-15 (incorporating the detailed procedures) 2014-15 certification period. Updated May 2015

FMCF certification checklist 2014-15 (incorporating the detailed procedures) 2014-15 certification period. Updated May 2015 FMCF certification checklist 2014-15 (incorporating the detailed procedures) 2014-15 certification period Updated May 2015 The Secretary Department of Treasury and Finance 1 Treasury Place Melbourne Victoria

More information

august09 tpp 09-05 Internal Audit and Risk Management Policy for the NSW Public Sector OFFICE OF FINANCIAL MANAGEMENT Policy & Guidelines Paper

august09 tpp 09-05 Internal Audit and Risk Management Policy for the NSW Public Sector OFFICE OF FINANCIAL MANAGEMENT Policy & Guidelines Paper august09 09-05 Internal Audit and Risk Management Policy for the NSW Public Sector OFFICE OF FINANCIAL MANAGEMENT Policy & Guidelines Paper Preface Corporate governance - which refers broadly to the processes

More information

Corporate Governance Guidelines

Corporate Governance Guidelines Corporate Governance Guidelines Teachers Federation Health Ltd ABN: 86 097 030 414 Original Endorsed: 25/06/2015 Version: December 2015 1. Corporate Governance Framework 1 2. Board of Directors 2 3. Performance

More information

Graduate Project Engineer

Graduate Project Engineer Position Information Package Graduate Project Engineer POSITION NUMBER: R15/16.15 APPLICATIONS CLOSE: 5:00pm Friday 2 nd October 2015 POSITION INFORMATION Salary: $52 344 - $60 501 (Band 5) Hours: Location:

More information

Board means the Board of Directors of each of Scentre Group Limited, Scentre Management Limited, RE1 Limited and RE2 Limited.

Board means the Board of Directors of each of Scentre Group Limited, Scentre Management Limited, RE1 Limited and RE2 Limited. Board Charter SCENTRE GROUP LIMITED ABN 66 001 671 496 SCENTRE MANAGEMENT LIMITED ABN 41 001 670 579 AFS Licence No: 230329 as responsible entity of Scentre Group Trust 1 ABN 55 191 750 378 ARSN 090 849

More information

Continuous. Improvement. Review Kit. for planning and responsible authorities February 2006. A Victorian Government Initiative

Continuous. Improvement. Review Kit. for planning and responsible authorities February 2006. A Victorian Government Initiative Continuous Improvement Review Kit for planning and responsible authorities February 2006 A Victorian Government Initiative Published by the Victorian Government Department of Sustainability and Environment

More information

BOARD CHARTER. Its objectives are to: provide strategic guidance for the Company and effective oversight of management;

BOARD CHARTER. Its objectives are to: provide strategic guidance for the Company and effective oversight of management; BOARD CHARTER Objectives The Board is ultimately responsible for the oversight and review of the management, operations and overall corporate governance of the Company. Its objectives are to: provide strategic

More information

Melbourne Water s Submission. Draft Victorian Floodplain Management Strategy

Melbourne Water s Submission. Draft Victorian Floodplain Management Strategy Melbourne Water s Submission Draft Victorian Floodplain Management Strategy Waterways, drainage and floodplains are essential to life and liveability. The rivers, creeks, estuaries, wetlands and floodplains

More information

- 1 - CATHAY PACIFIC AIRWAYS LIMITED. Corporate Governance Code. (Amended and restated with effect from 3rd March 2014)

- 1 - CATHAY PACIFIC AIRWAYS LIMITED. Corporate Governance Code. (Amended and restated with effect from 3rd March 2014) - 1 - CATHAY PACIFIC AIRWAYS LIMITED (Amended and restated with effect from 3rd March 2014) This Code sets out the corporate governance practices followed by the Company. The Board and its responsibilities

More information

1.2 The conduct of the Board is also governed by the Company's Constitution (Constitution).

1.2 The conduct of the Board is also governed by the Company's Constitution (Constitution). 1. Purpose of the Charter 1.1 This Board Charter (Charter) sets out the role, composition and responsibilities of the Board of Directors of Atlantic Ltd (Atlantic or Company) within the governance structure

More information

INSURANCE BROKERS CODE OF PRACTICE

INSURANCE BROKERS CODE OF PRACTICE INSURANCE BROKERS CODE OF PRACTICE BUILDING PROFESSIONAL COMPETENCE AND CONSUMER CONFIDENCE The insurance broking profession is about helping you to navigate the unavoidable complexities of insurance products

More information

Standards, quality processes and accountability

Standards, quality processes and accountability Standards, quality processes and accountability Delivering and coordinating planning and infrastructure for the community are achieved through a strong management structure that is supported by management

More information

17 December 2014. Mr Jim Paul Senior Project Manager Research Australian Accounting Standards Board Level 7 600 Bourke Street MELBOURNE VIC 3000

17 December 2014. Mr Jim Paul Senior Project Manager Research Australian Accounting Standards Board Level 7 600 Bourke Street MELBOURNE VIC 3000 17 Mr Jim Paul Senior Project Manager Research Australian Accounting Standards Board Level 7 600 Bourke Street MELBOURNE VIC 3000 Dear Mr Paul Re: Thank you for the opportunity to respond to the discussion

More information

PRIVATE HEALTH INSURANCE INTERMEDIARIES. DOCUMENT 1: Self-Audit Guide for All Members of PHIIA JUNE 2015 VERSION 2

PRIVATE HEALTH INSURANCE INTERMEDIARIES. DOCUMENT 1: Self-Audit Guide for All Members of PHIIA JUNE 2015 VERSION 2 PRIVATE HEALTH INSURANCE INTERMEDIARIES DOCUMENT 1: Self-Audit Guide for All Members of PHIIA JUNE 2015 VERSION 2 9 For All Members of PHIIA Code Compliance Committee Private Health Insurance Intermediaries

More information

Government Owned Corporations. Corporate Governance Guidelines for Government Owned Corporations

Government Owned Corporations. Corporate Governance Guidelines for Government Owned Corporations Government Owned Corporations Corporate Governance Guidelines for Government Owned Corporations Version 2.0 The State of Queensland (Queensland Treasury) The Queensland Government supports and encourages

More information

A guide to the water charge (infrastructure) rules: Tier 2 requirements

A guide to the water charge (infrastructure) rules: Tier 2 requirements A guide to the water charge (infrastructure) rules: Tier 2 requirements June 2011 Australian Competition and Consumer Commission 23 Marcus Clarke Street, Canberra, Australian Capital Territory, 2601 Commonwealth

More information

Policy (Board Approved)

Policy (Board Approved) Policy (Board Approved) Compliance and Regulatory Management Document Number GOV-POL-20 1.0 Policy Statement Stanwell Corporation Limited (Stanwell) is a Queensland company Government Owned corporation.

More information

BOARD CHARTER Link Administration Holdings Limited ("Company") ABN 27 120 964 098

BOARD CHARTER Link Administration Holdings Limited (Company) ABN 27 120 964 098 1. Role of the Board BOARD CHARTER Link Administration Holdings Limited ("Company") ABN 27 120 964 098 This Board Charter sets out the principles for the operation of the board of directors of the Company

More information

Murray-Darling Basin Authority Institutional Arrangements

Murray-Darling Basin Authority Institutional Arrangements Level 2, NFF House, 14-16 Brisbane Ave Barton ACT 2600 Ph: 02 6273 3637 ABN: 92133308326 Murray-Darling Basin Authority Institutional Arrangements The National Irrigators Council supports a comprehensive

More information

In accordance with section 15 of the Queensland Rail Transit Authority (QRTA) Act (2013) the Board s specific functions include:

In accordance with section 15 of the Queensland Rail Transit Authority (QRTA) Act (2013) the Board s specific functions include: Corporate Governance Queensland Rail is committed to ensuring that its systems, procedures and practices reflect the highest standards of corporate governance. Processes have been established to ensure

More information

A Guide to Corporate Governance for QFC Authorised Firms

A Guide to Corporate Governance for QFC Authorised Firms A Guide to Corporate Governance for QFC Authorised Firms January 2012 Disclaimer The goal of the Qatar Financial Centre Regulatory Authority ( Regulatory Authority ) in producing this document is to provide

More information

Infratil Limited - Board Charter. 1. Interpretation. 1.1 In this Charter:

Infratil Limited - Board Charter. 1. Interpretation. 1.1 In this Charter: Infratil Limited - Board Charter 1. Interpretation 1.1 In this Charter: Act means the Companies Act 1993. Board means the Board of Directors of Infratil Limited. Business means the business of Infratil

More information

U & D COAL LIMITED A.C.N. 165 894 806 BOARD CHARTER

U & D COAL LIMITED A.C.N. 165 894 806 BOARD CHARTER U & D COAL LIMITED A.C.N. 165 894 806 BOARD CHARTER As at 31 March 2014 BOARD CHARTER Contents 1. Role of the Board... 4 2. Responsibilities of the Board... 4 2.1 Board responsibilities... 4 2.2 Executive

More information

Audit, Risk and Compliance Committee Charter

Audit, Risk and Compliance Committee Charter 1. Background Audit, Risk and Compliance Committee Charter The Audit, Risk and Compliance Committee is a Committee of the Board of Directors ( Board ) of Syrah Resources Limited (ACN 125 242 284) ( Syrah

More information

PROJECT AGREEMENT FOR MENINDEE LAKES PROJECT MANAGEMENT

PROJECT AGREEMENT FOR MENINDEE LAKES PROJECT MANAGEMENT PROJECT AGREEMENT FOR MENINDEE LAKES PROJECT MANAGEMENT Council of Australian Governments An agreement between the Commonwealth of Australia and New South Wales The outputs of this project will be the

More information

POSITION DESCRIPTION. Regional Stormwater Policy Advisor Reports to: Assessed Job Level: Manager Clearwater Job Level 6 Date: January 2010

POSITION DESCRIPTION. Regional Stormwater Policy Advisor Reports to: Assessed Job Level: Manager Clearwater Job Level 6 Date: January 2010 POSITION DESCRIPTION Position: Regional Stormwater Policy Advisor Reports to: Assessed Job Level: Manager Clearwater Job Level 6 Date: January 2010 ORGANISATIONAL CONTEXT Melbourne Water manages Melbourne

More information

Policy (Board Approved)

Policy (Board Approved) Policy (Board Approved) Legal and Regulatory Compliance Policy Document Number GOV-POL-20 1.0 Policy Statement Stanwell is committed to and conducts its business activities lawfully and in a manner that

More information

E Lighting Group Holdings Limited 壹 照 明 集 團 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) Stock Code : 8222

E Lighting Group Holdings Limited 壹 照 明 集 團 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) Stock Code : 8222 1. ORGANIZATION E Lighting Group Holdings Limited 壹 照 明 集 團 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) Stock Code : 8222 TERMS OF REFERENCE OF AUDIT COMMITTEE The board (the

More information

Preparing a Green Wedge Management Plan

Preparing a Green Wedge Management Plan Preparing a Green Wedge Management Plan Planning Practice Note 31 JUNE 2015 This practice note provides a guide for the preparation of Green Wedge Management Plans and sets out the general requirements

More information

Board charter CONTENTS. 1. Authority. 2. Roles and responsibilities. Board

Board charter CONTENTS. 1. Authority. 2. Roles and responsibilities. Board Board charter CONTENTS 1. Authority 2. Roles and Responsibilities 3. Board Structure 4. Board Committees 5. Board Meetings and Procedure 6. Board Performance and Evaluation 7. Accepting Positions with

More information

Chief Finance Officer: Role and responsibilities GOOD PRACTICE GUIDE 2004 : 1

Chief Finance Officer: Role and responsibilities GOOD PRACTICE GUIDE 2004 : 1 Chief Finance Officer: Role and responsibilities GOOD PRACTICE GUIDE 2004 : 1 FOREWORD In a public sector environment characterised by continuing change and increasing demands on organisations to deliver

More information

FINANCIAL ACCOUNTANT. North East Water Enterprise Agreement 2011 - Band 5

FINANCIAL ACCOUNTANT. North East Water Enterprise Agreement 2011 - Band 5 NORTH POSITION: FINANCIAL ACCOUNTANT INCUMBENT: PORTFOLIO: BUSINESS UNIT: CLASSIFICATION: Corporate Services Finance North East Water Enterprise Agreement 2011 - Band 5 AWARD: Victorian Local Authorities

More information

Senior Asset Capability Engineer Electrical

Senior Asset Capability Engineer Electrical Senior Asset Capability Engineer Electrical PO6 Permanent - Ipswich Based About the position Reporting to the Principal Asset Capability, as the Senior Asset Capability Engineer you will be responsible

More information

RTO Delegations Guidelines

RTO Delegations Guidelines RTO Delegations Guidelines ISBN 0 7594 0389 9 Victorian Qualifications Authority 2004 Published by the Victorian Qualifications Authority This publication is copyright. Apart from any use permitted under

More information

TransGrid Board of Directors

TransGrid Board of Directors TransGrid Board of Directors Code of Conduct Overview Our Code of Conduct for directors is only one of many elements supporting a self-regulatory approach to the conduct of our organisation. Directors

More information

Leasing Policy for Crown Land in Victoria 2010 i

Leasing Policy for Crown Land in Victoria 2010 i Leasing Policy for Crown Land in Victoria 2010 i Contents 1. Objective of the Policy 1 2. Scope of the Policy 1 3. Strategic Framework 2 4. Background 2 4.1 Leasing Crown land in Victoria 2 4.2 Legislation

More information

Qantas Airways Limited Adopted 23 August 2016 ABN BOARD CHARTER

Qantas Airways Limited Adopted 23 August 2016 ABN BOARD CHARTER Qantas Airways Limited Adopted ABN 16 009 661 901 Overview BOARD CHARTER 1. The Board is primarily responsible for ensuring that Qantas has an appropriate corporate governance structure aimed at creating

More information

CORPORATE GOVERNANCE POLICIES STATEMENT OF BOARD AND MANAGEMENT FUNCTIONS

CORPORATE GOVERNANCE POLICIES STATEMENT OF BOARD AND MANAGEMENT FUNCTIONS CORPORATE GOVERNANCE POLICIES STATEMENT OF BOARD AND MANAGEMENT FUNCTIONS The Board is fully aware of its Corporate Stewardship role and acknowledges that member wealth and company asset safeguarding are

More information

NORTHERN TERRITORY OF AUSTRALIA HEALTH SERVICES ACT 2014. As in force at 1 July 2014. Table of provisions

NORTHERN TERRITORY OF AUSTRALIA HEALTH SERVICES ACT 2014. As in force at 1 July 2014. Table of provisions NORTHERN TERRITORY OF AUSTRALIA HEALTH SERVICES ACT 2014 As in force at 1 July 2014 Table of provisions Part 1 Preliminary matters 1 Short title... 1 2 Commencement... 1 3 Principles and objectives of

More information

Submission in response to the Life Insurance and Advice Working Group Interim Report on Retail Life Insurance

Submission in response to the Life Insurance and Advice Working Group Interim Report on Retail Life Insurance 30 January 2015 Mr John Trowbridge Chairman Life Insurance and Advice Working Group Email: submissions@trowbridge.com.au Dear Mr Trowbridge, Submission in response to the Life Insurance and Advice Working

More information

Internal Audit Manual

Internal Audit Manual Barangaroo Delivery Authority (the Authority) Document Control Approved by: Chief Executive Officer Date of Approval: September 2014 Review Cycle Annual Next Review Date: September 2015 Officer Responsible:

More information

INSURANCE BROKERS CODE OF PRACTICE

INSURANCE BROKERS CODE OF PRACTICE INSURANCE BROKERS CODE OF PRACTICE INSURANCE BROKERS CODE OF PRACTICE OVERVIEW 4-5 IMPORTANT BACKGROUND INFORMATION What does the Code do for you? (Code Objectives) How to navigate the Code How up to date

More information

BOARD CHARTER TABLE OF CONTENTS 1. PURPOSE 2 2. RESPONSIBILITIES OF THE GRAINCORP BOARD 2 3. BOARD STRUCTURE AND APPOINTMENT 3

BOARD CHARTER TABLE OF CONTENTS 1. PURPOSE 2 2. RESPONSIBILITIES OF THE GRAINCORP BOARD 2 3. BOARD STRUCTURE AND APPOINTMENT 3 TABLE OF CONTENTS 1. PURPOSE 2 2. RESPONSIBILITIES OF THE GRAINCORP BOARD 2 3. BOARD STRUCTURE AND APPOINTMENT 3 4. BOARD S RIGHTS AND RESPONSIBILITIES 4 5. CHAIRMAN 5 6. MANAGING DIRECTOR/CEO 6 7. COMPANY

More information

Corporate Governance. Approach to Governance. Principle 1 Lay solid foundations for management and oversight. ASX Best Practice Recommendations

Corporate Governance. Approach to Governance. Principle 1 Lay solid foundations for management and oversight. ASX Best Practice Recommendations Approach to Governance Tap is committed to conducting business in accordance with a high standard of corporate governance. This statement outlines the key principles and practices the Board has adopted

More information

MEMORANDUM OF UNDERSTANDING BETWEEN THE NIAGARA PARKS COMMISSION AND THE MINISTER OF TOURISM AND CULTURE

MEMORANDUM OF UNDERSTANDING BETWEEN THE NIAGARA PARKS COMMISSION AND THE MINISTER OF TOURISM AND CULTURE MEMORANDUM OF UNDERSTANDING BETWEEN THE NIAGARA PARKS COMMISSION AND THE MINISTER OF TOURISM AND CULTURE 1. PURPOSE The purpose of this Memorandum of Understanding (MOU) is to set out the framework for

More information

Financial Management Framework >> Overview Diagram

Financial Management Framework >> Overview Diagram June 2012 The State of Queensland (Queensland Treasury) June 2012 Except where otherwise noted you are free to copy, communicate and adapt this work, as long as you attribute the authors. This document

More information

Victorian Government Risk Management Framework. March 2015

Victorian Government Risk Management Framework. March 2015 Victorian Government Risk Management Framework March 2015 This document reproduces parts of the AS/NZS ISO 31000:2099 Risk Management Principles and Guidelines. Permission has been granted by SAI Global

More information

Australian Charities and Not-for-profits Commission: Regulatory Approach Statement

Australian Charities and Not-for-profits Commission: Regulatory Approach Statement Australian Charities and Not-for-profits Commission: Regulatory Approach Statement This statement sets out the regulatory approach of the Australian Charities and Not-for-profits Commission (ACNC). It

More information

Office of the Small Business Commissioner

Office of the Small Business Commissioner Office of the Small Business Commissioner 2 Office of the Small Business Commissioner Overview NSW has a relative advantage as the most populous Australian state and home to the largest concentration of

More information

PEACE MAP HOLDING LIMITED

PEACE MAP HOLDING LIMITED PEACE MAP HOLDING LIMITED (Incorporated in the Cayman Islands with limited liability) (the Company ) (Stock Code: 402) Terms of Reference of AUDIT COMMITTEE (current version adopted by the board of directors

More information

Corporate Governance Framework

Corporate Governance Framework Corporate Governance Framework Introduction Transport and Main Roads is managed in an accountable and responsible way through effective corporate governance which is defined as how the department manages

More information

APPLICATION OF KING III CORPORATE GOVERNANCE PRINCIPLES 2014

APPLICATION OF KING III CORPORATE GOVERNANCE PRINCIPLES 2014 WOOLWORTHS HOLDINGS LIMITED CORPORATE GOVERNANCE PRINCIPLES 2014 CORPORATE GOVERNANCE PRINCIPLES 2014 CORPORATE GOVERNANCE PRINCIPLES 2014 This table is a useful reference to each of the King III principles

More information

State Procurement Policy

State Procurement Policy State Procurement Policy September 2010 QGCPO Department of Public Works Queensland Government, Department of Public Works, September 2010. Contents Explanatory notes 1 Overview 1 Benefits of this Policy

More information

AER reference: 52454; D14/54321 ACCC_09/14_865

AER reference: 52454; D14/54321 ACCC_09/14_865 Commonwealth of Australia 2014 This work is copyright. In addition to any use permitted under the Copyright Act 1968, all material contained within this work is provided under a Creative Commons Attribution

More information

RGB International Bhd. (603831-K) (Incorporated in Malaysia) BOARD CHARTER

RGB International Bhd. (603831-K) (Incorporated in Malaysia) BOARD CHARTER (Incorporated in Malaysia) BOARD CHARTER No. Contents Page 1. Overview 2 2. Board Structure 2 3. Role and Responsibilities of Board 4 4. Board Processes 6 5. Review of Board Charter 7 Page 1 of 7 1. OVERVIEW

More information

University Colleges Australia Inc. Corporate Governance Policy 2016

University Colleges Australia Inc. Corporate Governance Policy 2016 University Colleges Australia Inc. Corporate Governance Policy 2016 ABN 48 719 556 062 Website: universitycollegesaustralia.edu.au Email: executiveofficer@universitycollegesaustralia.edu.au CONTENTS Introduction

More information

Principles for the audit committee s role in performance management

Principles for the audit committee s role in performance management Principles for the audit committee s role in performance management The information contained in this guidance paper is provided for discussion purposes. As such, it is intended to provide the reader and

More information

Standards for VET Regulators 2015

Standards for VET Regulators 2015 Standards for VET Regulators 2015 I, Ian Elgin Macfarlane, Minister for Industry, make these Standards under subsection 189(1) of the National Vocational Education and Training Regulator Act 2011. Dated

More information

Entrepreneurs Programme - Business Evaluation. Version: 3

Entrepreneurs Programme - Business Evaluation. Version: 3 Entrepreneurs Programme - Business Evaluation Version: 3 20 October 2015 Contents 1 Purpose of this guide... 4 2 Programme overview... 4 2.1 Business Management overview... 4 3 Business Evaluations...

More information

PRIVATE HEALTH INSURANCE INTERMEDIARIES PRACTICE CODES JUNE 2015 VERSION 2

PRIVATE HEALTH INSURANCE INTERMEDIARIES PRACTICE CODES JUNE 2015 VERSION 2 PRIVATE HEALTH INSURANCE INTERMEDIARIES PRACTICE CODES JUNE 2015 VERSION 2 CONTENTS PART A - Pages 3-4 INTRODUCTION 1. ACCEPTANCE OF CODES 2. CODE COMPLIANCE 2.1 CODE COMPLIANCE COMMITTEE 3. REVIEW AND

More information

Audit Committee means the audit committee established by resolution of the Board in accordance with clause 2 of these Terms.

Audit Committee means the audit committee established by resolution of the Board in accordance with clause 2 of these Terms. CHINA RESOURCES CEMENT HOLDINGS LIMITED Terms of Reference for Audit Committee (adopted on 2 September 2009 and amended on 29 February 2012 and 4 May 2012) Definitions 1. For the purposes of these terms

More information

RULES FOR THE BOARD OF DIRECTORS WRIGHT MEDICAL GROUP N.V. ST\ASD\13635703.1

RULES FOR THE BOARD OF DIRECTORS WRIGHT MEDICAL GROUP N.V. ST\ASD\13635703.1 RULES FOR THE BOARD OF DIRECTORS OF WRIGHT MEDICAL GROUP N.V. These Rules were adopted by the Board of Directors on 26 August 2010 and have been amended on 30 April 2013, 29 October 2013 and 1 October

More information

Memorandum of Understanding between the NSW Ministry of Health and Sydney Water Corporation

Memorandum of Understanding between the NSW Ministry of Health and Sydney Water Corporation Page 1 of 11 Memorandum of Understanding between the NSW Ministry of Health and Sydney Water Corporation This work is copyright. It may be reproduced in whole or in part for study or training purposes

More information

Mandatory Provident Fund Schemes Authority COMPLIANCE STANDARDS FOR MPF APPROVED TRUSTEES. First Edition July 2005. Hong Kong

Mandatory Provident Fund Schemes Authority COMPLIANCE STANDARDS FOR MPF APPROVED TRUSTEES. First Edition July 2005. Hong Kong Mandatory Provident Fund Schemes Authority COMPLIANCE STANDARDS FOR MPF APPROVED TRUSTEES First Edition July 2005 Hong Kong Contents Glossary...2 Introduction to Standards...4 Interpretation Section...6

More information

POSITION DESCRIPTION. Position: Clearwater Events and Promotions Officer (Maternity leave position) Reports to:

POSITION DESCRIPTION. Position: Clearwater Events and Promotions Officer (Maternity leave position) Reports to: POSITION DESCRIPTION Position: Clearwater Events and Promotions Officer (Maternity leave position) Reports to: Manager, Clearwater Job level Assessed: Job Level 4 Date: May 2010 ORGANISATIONAL CONTEXT

More information

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - . Board Charter - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1. Interpretation 1.1 In this Charter: Act means the Companies

More information

CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED AUDIT COMMITTEE - TERMS OF REFERENCE

CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED AUDIT COMMITTEE - TERMS OF REFERENCE CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) AUDIT COMMITTEE - TERMS OF REFERENCE Established on 11 th December, 1998 pursuant to the then Code on Corporate

More information

Appendix 14 CORPORATE GOVERNANCE CODE AND CORPORATE GOVERNANCE REPORT

Appendix 14 CORPORATE GOVERNANCE CODE AND CORPORATE GOVERNANCE REPORT Appendix 14 CORPORATE GOVERNANCE CODE AND CORPORATE GOVERNANCE REPORT The Code This Code sets out the principles of good corporate governance, and two levels of recommendations: code provisions; and recommended

More information

3 August 2012 Policy updated to reflect name changes and alignment with current Aurora Energy Group Policy standards.

3 August 2012 Policy updated to reflect name changes and alignment with current Aurora Energy Group Policy standards. Aurora Energy Risk Management Policy Version History REV NO. DATE REVISION DESCRIPTION APPROVAL 0 19/11/98 Risk Management Policy Prepared by: Manager Internal Audit 1 March 2007 Risk Management Policy

More information

NEW CUSTOMER CONTRIBUTIONS: EXPLANATORY NOTE December 2013

NEW CUSTOMER CONTRIBUTIONS: EXPLANATORY NOTE December 2013 NEW CUSTOMER CONTRIBUTIONS: EXPLANATORY NOTE December 2013 An appropriate citation for this paper is: Essential Services Commission 2013, New Customer Contributions: Explanatory Note, December. Enquiries

More information

Drinking Water Quality Management Plan Review and Audit Guideline

Drinking Water Quality Management Plan Review and Audit Guideline Drinking Water Quality Management Plan Review and Audit Guideline This publication has been compiled by Queensland Water Supply Regulator, Department of Energy and Water Supply. State of Queensland, 2013.

More information

March 2014. Guide to the regulation of workplace defined contribution pensions

March 2014. Guide to the regulation of workplace defined contribution pensions March 2014 Guide to the regulation of workplace defined contribution pensions The Financial Conduct Authority (FCA) and The Pensions Regulator have jointly developed this guide to provide an overview of

More information

Compliance and Enforcement Policy. November 2013

Compliance and Enforcement Policy. November 2013 Compliance and Enforcement Policy November 2013 Contents 1. Context... 3 2. VBA compliance and enforcement public value... 3 2.1 Purpose...3 2.2 Outcome...3 2.3 Authority...3 2.4 Capability...3 2.4.1 Building...

More information

Overview and highlights

Overview and highlights This country profile was compiled by the OECD Secretariat and reflects information available as of March 2015. Further information and analysis can be found in the publication: OECD (2015) Water Resources

More information

Corporate Governance. Coca-cola amatil limited annual report 2009 7

Corporate Governance. Coca-cola amatil limited annual report 2009 7 Corporate Governance At Coca-Cola Amatil (CCA), the Board of Directors is committed to achieving the highest standards in the areas of corporate governance and business conduct. This Corporate Governance

More information

Australian Research Council. Client Service Charter

Australian Research Council. Client Service Charter Australian Research Council Client Service Charter June 2014 Message from the Chief Executive Officer Page 2 The Australian Research Council (ARC) is committed to the Australian Public Service (APS) Values

More information

Information guide: Accountants exemption reform

Information guide: Accountants exemption reform Information guide: Accountants exemption reform This information guide has been developed for members of CPA Australia and Chartered Accountants Australia and New Zealand (Chartered Accountants ANZ). 1.

More information

APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES

APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES Ethical Leadership and Corporate Citizenship The board should provide effective leadership based on ethical foundation. that the company

More information

Tips for new corporate Commonwealth entities

Tips for new corporate Commonwealth entities Australian Government Solicitor the leading lawyers to government fact sheet NUMBER 13 Tips for new corporate Commonwealth entities November 2014 This fact sheet provides a summary of key legal issues

More information

Private Health Insurance Administration Council (PHIAC) Cost Recovery Impact Statement. 16 June 2009 Increase in the Council Administration Levy

Private Health Insurance Administration Council (PHIAC) Cost Recovery Impact Statement. 16 June 2009 Increase in the Council Administration Levy Private Health Insurance Administration Council (PHIAC) 16 June 2009 Increase in the Council Administration Table of Contents 1. OVERVIEW 1.1 Purpose 1.2 Background 1.3 Australian Government Cost Recovery

More information

Governance Toolkit. Insurance Management Framework. Version 1: 1 March 2014 THIS TOOLKIT PROUDLY SUPPORTED BY

Governance Toolkit. Insurance Management Framework. Version 1: 1 March 2014 THIS TOOLKIT PROUDLY SUPPORTED BY Insurance Management Framework Version 1: 1 March 2014 THIS TOOLKIT PROUDLY SUPPORTED BY Purpose of the Governance Toolkits AIST has developed the Governance Toolkits to assist Trustees with maintaining

More information

Charter of the Health Service Executive Audit Committee

Charter of the Health Service Executive Audit Committee 1.0 Introduction Charter of the Health Service Executive Audit Committee This document sets out the Charter and terms of reference of the Audit Committee as prescribed in legislation and as agreed between

More information

i-control Holdings Limited 超 智 能 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) (the Company )

i-control Holdings Limited 超 智 能 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) (the Company ) 1 Membership i-control Holdings Limited 超 智 能 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) (the Company ) TERMS OF REFERENCE OF THE AUDIT COMMITTEE (AMENDED AND ADOPTED BY THE

More information

Social impact assessment. Guideline to preparing a social impact management plan

Social impact assessment. Guideline to preparing a social impact management plan Social impact assessment Guideline to preparing a social impact management plan September 2010 Looking forward. Delivering now. The Department of Infrastructure and Planning leads a coordinated Queensland

More information

Guide to the National Safety and Quality Health Service Standards for health service organisation boards

Guide to the National Safety and Quality Health Service Standards for health service organisation boards Guide to the National Safety and Quality Health Service Standards for health service organisation boards April 2015 ISBN Print: 978-1-925224-10-8 Electronic: 978-1-925224-11-5 Suggested citation: Australian

More information

Sustaining Local Assets. Local government asset management policy statement

Sustaining Local Assets. Local government asset management policy statement Sustaining Local Assets Local government asset management policy statement December 2003 ISBN 0 646 42106 9 Authorised by the Victorian Government Address: Local Government Victoria Department for Victorian

More information

Contract Management Coordinator - Major Operations Treated Water Manager Operational & Contractual Performance

Contract Management Coordinator - Major Operations Treated Water Manager Operational & Contractual Performance POSITION INFORMATION Position Title: Group: Reports To: Classification: Contract Management Coordinator - Major Operations Treated Water Manager Operational & Contractual Performance Common Law Contract

More information

PRIVATE HEALTH INSURANCE INTERMEDIARIES CODE OF CONDUCT JUNE 2015 VERSION 2

PRIVATE HEALTH INSURANCE INTERMEDIARIES CODE OF CONDUCT JUNE 2015 VERSION 2 PRIVATE HEALTH INSURANCE INTERMEDIARIES CODE OF CONDUCT JUNE 2015 VERSION 2 CONTENTS PART A - Page 4 GENERAL 1. INTRODUCTION 2. OUR COMMITMENT UNDER THE CODE 3. PRIVATE HEALTH INSURANCE ENVIRONMENT PART

More information