27 October 2015
The review of Norfolk Island's Government Business Enterprises, which has been recently completed, comprehensively details the condition of government owned assets and will inform the development of a future governance framework.
In recent years, the Australian Government commissioned Deloitte Access Economics to complete an analysis to assist the Administration of Norfolk Island in assessing the operational efficiency of its 19 Government Business Enterprises, which include electricity, the airport, postage, waste, lighterage, broadcasting, tourism and gaming.
The report being released today is the final of three reports analysing and making recommendations to improve the operation of Government Business Enterprises, particularly their governance, financial and management frameworks and processes. Two earlier reports were released in 2014.
This work is critical in helping to determine future service delivery options on Norfolk Island, and in ensuring the community receives value for money from these significant public assets.
The final report considers the needs of the community, sustainability, the manner in which assets on the Island are managed, culture and tradition, governance arrangements, skills and capabilities, community service obligations and clarity on operating mandates.
The Australian Government will work with the Administration of Norfolk Island in implementing the report's findings, as part of broader considerations on the role and functions of the Norfolk Island Regional Council.
The Norfolk Island Government Business Enterprises report can be found at www.infrastructure.gov.au/territories/publications
The Hon Gary Hardgrave