Section 2: Outcomes and planned performance
2.1 Outcomes and performance information
The Australian Government requires agencies to measure their intended and actual performance in terms of outcomes. Government outcomes are the results, impacts or consequences of actions by the Government on the Australian community.
CAMAC's outcome is described below by output groups, specifying the performance indicators and targets used to assess and monitor the performance in achieving government outcomes.
2.1.1 Outcome 1: A fair and efficient market characterised by integrity and transparency and supporting confident and informed participation of investors and consumers
Outcome 1 strategy
To achieve outcome 1, CAMAC will:
- consider submissions on outstanding discussion papers and develop recommendations for inclusion in reports to the Minister; and
- develop discussion papers on new matters as they arise, canvassing relevant law and policy considerations to assist and inform the consultation process.
Outcome 1 resource statement
Table 2.1 provides additional detail of budget appropriations and the total resourcing for outcome 1.
Table 2.1: Total resources for outcome 1
Note: Departmental splits by output, are indicative estimates and may change in the course of the budget year as government priorities change.
Contributions to outcome 1
Output group 1.1 — Corporations and Markets Advisory Committee | |
|---|---|
The output of CAMAC focuses on the legislation related to corporations and financial markets. Its operations involve either on its own initiative or at the request of the Government conducting major policy reviews, which may include analysing procedural and other issues in current practice. This process is basic to achieving the Government outcome of fair and efficient financial markets characterised by integrity and transparency and supporting confident and informed participation of investors and consumers. Components of output group 1.1 are: Output 1.1.1 — Annual reports and discussion papers — CAMAC seeks to stimulate and lead public debate on the enhancement of standards for corporations and participants in financial markets, and proposes regulatory reform where necessary. Output 1.1.2 — Recommendation and reports — CAMAC builds on the public consultation process by thoroughly reviewing all submissions on discussion papers and providing timely advice to the Australian Government in the form of CAMAC reports, containing detailed law reform recommendations, where appropriate. | |
Output 1.1.1 — Annual reports and discussion papers; and Output 1.1.2 — Recommendation and reports | |
| Key performance indicators | 2008‑09 target |
Timely advice to the Minister in the form of CAMAC reports and other papers. |
Publication of reports on:
Possible publication of one or more discussion papers on new matters as they arise. |
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