GTE reform – Frequently asked questions

Recent reviews conducted as part of wider public sector reform have highlighted the importance of a clear relationship between GTEs and Government to ensure well-informed decision making.

The Treasurer is in a unique position of reviewing financial impacts across all of Western Australia’s GTEs, and Treasury supports the Treasurer in this role. This means Treasury is well placed to compare governance arrangements across GTEs and develop policy or processes.

We have delivered more consistency and transparency across the in-scope GTE cohort, improved engagement and consultation practices and implemented new Regulations to maintain flexibility to meet market and industry changes, and Government objectives from time-to-time.

The GTE Act has been introduced to consolidate the governance requirements of GTEs which are presently contained in multiple instruments, while maintaining appropriate flexibility for practices to adapt to industry, market and Government policy changes over time. 

Certain regulatory settings have been devolved to Regulations where some flexibility to change these settings over time is desirable. The commencement date of the Government Trading Enterprises Regulations 2023 (GTE Regulations) is 1 July 2023.

Guidance Notes have also been developed to be used internally within Government to support the implementation of the GTE Act and to provide clear guidance on the governance and performance expectations of GTEs covered by the GTE Act. 
 

GTE Act Fact Sheets will be published on Treasury’s website which will provide a high-level overview of key provisions in the GTE Act for all stakeholders.

The GTE Act and GTE Regulations commenced on 1 July 2023 and Treasury has worked extensively and will continue to work with in-scope GTEs to ensure a smooth transition after the commencement of the GTE Act and GTE Regulations. 
 

Please check the latest news section for updates or you can ask questions by emailing us.