Government Businesses 2015-16

About this report or communique

Report of the Auditor-General No. 7 of 2016-17

Auditor-General’s Report on the Financial Statements of State Entities

Volume 2

Government Businesses 2015-16

Government businesses offered a diverse range of service to the community, ranging from essential utilities such as transport and electricity, to irrigation and financial services. Government businesses were expected to deliver their services to Tasmanians at the lowest sustainable cost, while also providing an appropriate financial return to the Government 1 in the form of dividends, income tax equivalents and guarantee fees.


This Report contains the results from our audit of 16 financial audits of entities in the Government Business sector, comprising Government Business Enterprises (6 GBE’s), State- Owned Companies (8 SOC’s) and two (2) other Public Non-Financial Corporations (PNFC):

  • Aurora Energy Pty Ltd (Aurora), (SOC)
  • Forestry Tasmania (Forestry), (GBE)
  • Hydro-Electric Corporation (Hydro), (GBE)
  • Macquarie Point Development Corporation (MPDC), (PNFC)
  • Metro Tasmania Pty Ltd (Metro), (SOC)
  • Motor Accidents Insurance Board (MAIB), (GBE)
  • Port Arthur Historic Site Management Authority (PAHSMA), (GBE)
  • Private Forests Tasmania (PFT), (PNFC)
  • Public Trustee (PT), (GBE)
  • Tasmanian Irrigation Pty Ltd (TI), (SOC)
  • Tasmanian Networks Pty Ltd (TasNetworks), (SOC)
  • Tasmanian Ports Corporation Pty Ltd (Tasports), (SOC)
  • Tasmanian Public Finance Corporation (Tascorp), (GBE)
  • Tasmanian Railway Pty Ltd (TasRail), (SOC)
  • Tasracing Pty Ltd (Tasracing), (SOC)
  • TT-Line Company Pty Ltd, (TT-Line), (SOC).