QR Corporate

QR Governance

Overview
QR Board
Organisational Structure
Corporate Governance Guidelines for GOCs
QR Limited Constitution
Board Charter
Board Committee Terms of Reference
Annual Reports
Statement of Corporate Intent
Release of Information

QR Reaches Key Milestone In Sale Process

A major milestone has been reached in the sale process for QR with completion of staff placement for more than 16,000 employees throughout Australi...
More »

QR improves Central Queensland freight services

QR is expanding freight capacity for customers in Gladstone and Bundaberg by increasing �Seafreighter� rail services to the Port of Brisbane. ...
More »

Statement of Corporate Intent

QR�s Statement of Corporate Intent (SCI) is prepared each financial year in accordance with the requirements of the Government Owned Corporations Act 1993 (GOC Act).

The SCI is the formal statement of intentions, key policies and the performance agreement between the Board of QR and its Shareholding Ministers, the Deputy Premier, Treasurer and Minister for Infrastructure and the Minister for Transport and Main Roads. It is consistent with QR�s five year Corporate Plan.

» QR�s Capital Structure, Dividend Policy and Financial Risk

» Transport Services Contracts funding

» Employment and Industrial Relations Plan

» Performance Monitoring

QR�s Capital Structure, Dividend Policy and Financial Risk

The SCI includes details of policies for capital structure, dividend payout and the management of financial risk.

Transport Services Contracts funding

QR is contracted by the Queensland Government to provide the following service outputs:

Citytrain
parts of Traveltrain
some freight services
some network infrastructure (for agreed rail infrastructure network standards and capacity).

The SCI outlines the funding of the above services, which provides for Government�s Transport Services Contracts. Additionally, the SCI outlines the principles for developing:

clear and transparent contracts (Transport Services Contracts) for providing these services
separation of this funding from any subsidies associated with shareholder interest in objectives other than transport outcomes.

Employment and Industrial Relations Plan

This plan guides QR in developing and maintaining conditions of employment for employees, including labour market-based remuneration. The Employment and Industrial Relations Plan contains information relating to:

staff profile (by employment type)
workforce management and industrial relations strategies
training and development
staff performance management
employment policies and strategies
remuneration arrangements
superannuation details
equity and anti-discrimination strategies
obligations under employment legislation.

Performance Monitoring

The SCI contains a framework for performance monitoring that ensures the QR Board is accountable to its Shareholding Ministers for QR�s performance.

Under the GOC Act, QR is required to report each quarter on its performance against its Corporate Plan, additionally, QR provides an Annual Report on its performance against its Corporate Plan. The QR Annual Report is tabled in Parliament.