📜 Government Trading Enterprises Bill 2022
The Government Trading Enterprises Bill 2022 standardises governance, strategic planning, and accountability for certain government trading enterprises (GTEs) in Western Australia. It aims to consolidate requirements currently spread across multiple Establishing Acts and strengthen oversight.
Impact
The bill affects the governance and operation of specified GTEs, including electricity, water, and port authorities. It aims to improve efficiency, transparency, and alignment with government objectives, impacting the services they provide to the public and their financial management.
Key Changes
Parliamentary Progress
- LA IntroducedLA24 Nov 2022
- LA Second Reading MovedLA24 Nov 2022
- LA Second Reading AgreedLA14 Mar 2023
- LA Consideration in DetailLA14 Mar 2023
- LA Third ReadingLA23 Mar 2023
- LC Second Reading MovedLC23 Mar 2023
- LC Second Reading AgreedLC16 May 2023
- LC Third ReadingLC15 June 2023
- Royal Assent22 June 2023
Penalty Provisions4 found
Breach of borrowing limits
“134. Breach of borrowing limits If a GTE exceeds a borrowing limit fixed under section 133, the Portfolio Minister must, as soon as is practicable, cause a statement of the circumstances to be laid before each House of Parliament.”
Providing false or misleading information
“49. False or misleading information An executive officer or a member of the staff of a GTE must not give information to a director, the CEO, the Portfolio Minister or the Treasurer that the executive officer or member of staff knows is false or misleading in a material particular. Penalty for this section: a fine of $36 000 or imprisonment for 1 year, or both.”
Improper use of position
“50. Use of position (1) An executive officer or a member of the staff of a GTE must not make improper use of the position of executive officer or member of staff to gain, directly or indirectly, an advantage for himself or herself or any other person or to cause detriment to the GTE. Penalty for this subsection: a fine of $72 000 or imprisonment for 2 years, or both.”
Improper use of information
“51. Use of information (1) An executive officer or a member of the staff of a GTE must not make improper use of information acquired by virtue of the position of executive officer or member of staff to gain, directly or indirectly, an advantage for himself or herself or any other person or to cause detriment to the GTE. Penalty for this subsection: a fine of $72 000 or imprisonment for 2 years, or both.”
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