Treasury’s Commercial Assets Policy team is consulting on the updated Treasury Policy and Guidelines (TPG): Performance Reporting and Monitoring Policy for Government Businesses.
The purpose of the policy is to encourage implementation and maintenance of effective performance reporting practices by government businesses. These practices are vital in ensuring the accountability and continuing strong performance of government businesses.
The updated policy will replace TPP18-02 Performance Reporting and Monitoring Policy for Government Businesses.
Who does the policy apply to?
This policy applies to Public Financial Corporations, Public Non-Financial Corporations including State Owned Corporations and other general government sector entities subject to Treasury assessment.
Provide your feedback
We are now seeking feedback from government businesses by 31 May 2024. A copy of the draft policy has been circulated to applicable government businesses and key stakeholders. If you represent an entity this policy applies to and would also like to receive a copy, please email [email protected].
Key updates to the TPG include clarifying and providing additional guidance on:
- application of the policy
- mandatory requirements for government businesses
- incorporating policy guidance on Statements of Expectations with TPG22-02 Ownership and Portfolio Expectations Policy
- Environmental, Social and Governance, and sustainability disclosures and reporting requirements
- the development of engagement plans to support continued engagement between Treasury and government businesses.
It is anticipated the refreshed TPG will be published in the second half of 2024.
