Queensland’s Economy
Government Owned Corporations
The Queensland Government established these businesses on behalf of Queenslanders because they were services critical to the economy, they provided critical infrastructure to the state, and because the marketplace did not support the private establishment of these businesses. Over the years, the Queensland Government has corporatised these commercial businesses to enable them to operate efficiently.
Queensland Treasury monitors the performance of all these Queensland Government-Owned Corporations (GOCs) on behalf of the Treasurer, who is their shareholding minister. Treasury also monitors the performance of two statutory bodies which have commercial operations. The statutory bodies and GOCs are listed below.
Treasury is responsible for:
- negotiating the annual performance contract and five-yearly plans for the businesses and monitoring performance against targets throughout the year
- assessing major investment proposals to ensure they fit the government’s objectives for the community
- advising responsible and shareholding Ministers of critical current and emerging issues that may impact on government-owned businesses
- administering the process for appointments to boards of government-owned businesses.
All GOCs are bound by a regulatory framework that includes the Queensland Government Owned Corporations Act 1993, the federal Corporations Act 2001 and the Code of practice for government-owned corporations’ financial arrangements.
The code outlines approval requirements and guidelines within which GOCs must operate in entering into financial arrangements.
Click here to access other guidance documents on how GOCs conduct business.
Visit the Queensland Government website for more information on Queensland Government boards, committees and other government bodies, including how to join the Register of Nominees to Government Bodies.
The Queensland Government is committed to increasing the number of women on boards. Find out how you can make a positive difference for gender parity in Queensland.
List of government-owned corporations
| Name | Shareholding ministers | Date corporatised (under state GOC Act) | Date converted to company (under federal Corporations Act 2001) |
|---|---|---|---|
| Energy generation | |||
| CS Energy Limited |
|
1 July 1997 | |
| Stanwell Corporation Limited |
|
1 July 1997 (Tarong Energy Corporation Limited converted to a subsidiary of Stanwell Corporation Limited on 1 July 2011) | |
| CleanCo Queensland Limited |
|
13 October 2018 | 17 December 2018 |
| Energy transmission | |||
| Queensland Electricity Transmission Corporation Limited (Powerlink Queensland) |
|
1 July 1997 | |
| Energy distribution | |||
| Energy Queensland Limited |
|
30 June 2016 | |
| Ports | |||
| Far North Queensland Ports Corporation Limited (Ports North) |
|
1 July 1995 | 1 July 2008 (Previously Cairns Ports Limited) |
| Gladstone Ports Corporation Limited |
|
1 July 1994 (Gladstone Port Authority and Rockhampton Port Authority merged on 1 July 2004) |
1 July 2008 |
| North Queensland Bulk Ports Corporation Limited |
|
19 June 2009 (Mackay Ports Limited and Ports Corporation of Queensland Limited converted to subsidiary of North Queensland Bulk Ports Corporation Limited on 2 July 2009) |
1 July 2009 |
| Port of Townsville Limited |
|
1 July 1995 | 1 July 2008 |
| Water | |||
| Sunwater Limited |
|
1 October 2000 | 1 July 2008 |
| Other | |||
| QIC Limited |
|
1 October 1994 | 30 September 2008 |
List of statutory bodies
| Statutory body | Responsible ministers | Date established |
|---|---|---|
| Rail | ||
| Queensland Rail Transit Authority (Queensland Rail) |
|
3 May 2013 |
| Water | ||
| Queensland Bulk Water Supply Authority (Seqwater) |
|
1 January 2013 |
Corrupt conduct complaints about Government Owned Corporations (GOCs)
The Under Treasurer is responsible for notifying the Crime and Corruption Commission of potential corrupt conduct involving GOCs.
You can make a complaint to Queensland Treasury about possible corrupt conduct involving any of the GOCs, by downloading and completing the Complaint Form – GOC and:
- Scanning and posting it to GPO Box 611, Brisbane, QLD 4001 or
- Scanning and emailing it to the Treasury GOC complaints mailbox GOCcomplaints@treasury.qld.gov.au
What is a corrupt conduct complaint?
The Crime and Corruption Commission deals with two types of corrupt conduct. Type A corrupt conduct involves conduct that affects, or could affect, how GOC officers perform their functions or exercise their powers. Type B corrupt conduct involves conduct that impairs, or could impair, public confidence in public administration. For more information about the definition of corrupt conduct, please refer to section 15 of the Crime and Corruption Act 2001.
What happens to your corrupt conduct complaint?
Queensland Treasury acknowledges all complaints in writing within five business days of receipt.
The matters you raise will be assessed in accordance with the Commission’s Corruption in Focus guide.
If the complaint gives rise to a reasonable suspicion of potential corrupt conduct, Queensland Treasury will refer it to the Crime and Corruption Commission for their assessment.
Where appropriate, Queensland Treasury will let you know the outcome of your complaint (such as whether the matter has been referred to the Crime and Corruption Commission).
Protections
In making a complaint about possible corrupt conduct involving a GOC you may be entitled to legal protections including ‘public interest discloser’ under the Public Interest Disclosure Act 2010 and/or whistleblower protection under the Corporations Act 2001 (Cth).
Queensland Treasury will consider what protections may apply to you when assessing your complaint and will communicate this with you, and take steps to ensure that appropriate arrangements are in place to manage those protections, including any confidentiality requirements.
Last updated: 30 January 2024