Progressing our important Government Business reforms

The Tasmanian Government has introduced the Government Business Governance Reforms Bill 2026.

This is the second tranche of our Governance Business Reforms.

Treasurer Eric Abetz said this Bill introduces a comprehensive suite of changes.

"Our focus is on ensuring Government Businesses have the contemporary framework they need to thrive for the next 30 years," the Treasurer said.

"These proposed changes will modernise governance in Tasmania, providing better outcomes in the businesses that serve Tasmanians.

“Stronger rules. Clearer expectations. Earlier action.

"Through our 2030 Strong Plan for Tasmania's Future we are continuing to prepare our Government Businesses for decades of delivery."

The Bill seeks to ensure that there are consistent, contemporary and appropriate arrangements for GBEs and SOCs in relation to:

• the corporate planning process, including the timing for the submission, approval and consultation process;
• financial and non-financial reporting obligations of Government businesses, including those related to continuous disclosure and quarterly performance;
• reporting on board and CEO performance and the option for Shareholding Ministers to request an independent review of board performance be undertaken;
• community service obligations (CSOs) and non-commercial activities, including updating the current legislative provisions related to CSOs for GBEs and extending the CSO provisions to SOCs;
• subsidiaries and joint ventures of Government businesses, including reporting requirements, approval requirements for creating or entering into these arrangements and amending a subsidiary’s constitution and to apply Treasurer's Instructions to subsidiaries of GBEs;
• the tabling of Government business annual reports and SOC constitutions in Parliament; and
• the number of Members of SOCs.