Corporate governance

Underpinning this policy is an efficient Cabinet approval process to overview the implementation of the project initiatives. The Cabinet Budget Review Committee will be responsible for the review of each proposal in consideration of the project's conformity to government policy, and the project's need and affordability.

The relevant Portfolio Minister will be responsible for each project initiative under the policy.

The Minister for Infrastructure and Planning is responsible for developing and overseeing the policy framework.

Queensland Treasury will work with the responsible agency in its capacity as a financial/commercial adviser to government, on such projects.

Cabinet will further approve the progress of each project at key points before the project brief is released to the shortlisted bidders. Issuing of the project brief indicates that the government is prepared to proceed with the project provided that a received bid provides value for money in comparison with the public sector comparator.

Cabinet will be informed of the selection of a suitable preferred developer for each project, and again before contract documentation is signed at the project's financial close.

This accountability structure and approval process will apply uniformly unless Cabinet otherwise declares an alternative structure for an individual project's particular requirements.

A government project team established within the responsible agency will be responsible for the delivery of the feasibility and procurement of the project.

The government project team will have as its head a project director who may be an internal or external appointment. The responsible portfolio minister will delegate sufficient powers through the chief executive officer to ensure the project director is suitably empowered, with appropriate reporting accountability, to deliver the project to cost, quality and time and to manage the government project team.

The government project team will support the project director and comprise dedicated resources from the responsible agency, supplemented with other specialised government resources as required and external financial, legal and technical advisers with appropriate experience in implementing the relevant project initiative.