Office of the Auditing and Assurance Standards Board (AUASB)

#	Program	Body	Contribution
1.1	Office of the Auditing and Assurance Standards Board Program 1.1	Office of the Auditing and Assurance Standards Board (AUASB)	Office of the Auditing and Assurance Standards Board The key strategies to achieve Outcome 1 are: * Developing, issuing and maintaining in the public interest, Australian auditing and assurance standards and guidance that aid in reducing the cost of capital and enable Australian entities to compete effectively domestically and internationally through enhancing audit and assurance consistency and quality* Contributing to the development of a single set of auditing and assurance standards and guidance for world-wide use

Employment Arrangements
Key	Description
PS Act	Officials are taken to be employed under Public Service Act 1999.
^	Entities that do not engage staff under the PS Act.
#	Entities can engage officials under enabling legislation as well as PS Act. These include Defence entities under the Defence Act 1903.
▲	Has officials employed under the Parliamentary Service Act 1999.

Employment Arrangements

Key

Description

PS Act

Officials are taken to be employed under Public Service Act 1999.

Entities that do not engage staff under the PS Act.

Entities can engage officials under enabling legislation as well as PS Act. These include Defence entities under the Defence Act 1903.

▲

Has officials employed under the Parliamentary Service Act 1999.

Government Finance Statistics (GFS) Classification
Key	Description
GGS	General Government Sector (GGS) - All Commonwealth entities and Commonwealth companies are part of the GGS unless stipulated by a GFS classification below.
F	Public Financial Corporation
T	Public Non-financial Corporation (Trading)

Government Finance Statistics (GFS) Classification

Key

Description

GGS

General Government Sector (GGS) - All Commonwealth entities and Commonwealth companies are part of the GGS unless stipulated by a GFS classification below.

Public Financial Corporation

Public Non-financial Corporation (Trading)

Definitions
Key	Description
Listed Entities	A listed entity is a non-corporate Commonwealth entity prescribed by an Act or the PGPA Rule. All non-corporate Commonwealth entities are “listed entities” except for Departments of State and Parliamentary Departments.

Definitions

Key

Description

Listed Entities

A listed entity is a non-corporate Commonwealth entity prescribed by an Act or the PGPA Rule. All non-corporate Commonwealth entities are “listed entities” except for Departments of State and Parliamentary Departments.

Government Requirements
Key	Description
℗	Subject to the requirements of the Commonwealth Procurement Rules (CPRs). All non-corporate Commonwealth entities are subject to the CPRs.
X	Entities that are exempt, or partially exempt, from government policy orders (section 22 of the PGPA Act).

Government Requirements

Key

Description

℗

Subject to the requirements of the Commonwealth Procurement Rules (CPRs). All non-corporate Commonwealth entities are subject to the CPRs.

Entities that are exempt, or partially exempt, from government policy orders (section 22 of the PGPA Act).

Governance Structure or Characteristics
Key	Description
B	Prescribed as Government Business Enterprises under the PGPA Rule.
E	Executive Agency, through an Order made by the Governor General, under subsection 65(1) of the Public Service Act 1999
HC	The Attorney-General’s portfolio includes the High Court of Australia, which is part of the Commonwealth, is an “agency” named in the annual Appropriation Acts and is in the “General Government Sector”. However, it is not a Commonwealth entity under the PGPA Act, due to its status under its enabling legislation, which also sets its employment framework.
I	Inter-jurisdictional entities in nature (interacts with State, Territory or foreign governments)
M	Material entities and companies (comprising 99% of revenues, expenses, assets and liabilities of the total General Government Sector). All Departments of State are considered material in nature.
R	Corporate Commonwealth entities established by regulation under an Act and/or by a rule under the PGPA Act.
*	3 entities have a body corporate status but are prescribed as noncorporate Commonwealth entities

Governance Structure or Characteristics

Key

Description

Prescribed as Government Business Enterprises under the PGPA Rule.

Executive Agency, through an Order made by the Governor General, under subsection 65(1) of the Public Service Act 1999

The Attorney-General’s portfolio includes the High Court of Australia, which is part of the Commonwealth, is an “agency” named in the annual Appropriation Acts and is in the “General Government Sector”. However, it is not a Commonwealth entity under the PGPA Act, due to its status under its enabling legislation, which also sets its employment framework.

Inter-jurisdictional entities in nature (interacts with State, Territory or foreign governments)

Material entities and companies (comprising 99% of revenues, expenses, assets and liabilities of the total General Government Sector). All Departments of State are considered material in nature.

Corporate Commonwealth entities established by regulation under an Act and/or by a rule under the PGPA Act.

3 entities have a body corporate status but are prescribed as noncorporate Commonwealth entities

Type of Body
Key	Description
	Non-corporate Commonwealth entity is a Commonwealth entity that is not a body corporate.*
	Corporate Commonwealth entity is a Commonwealth entity that is a body corporate.*
	A Commonwealth company is a Corporations Act 2001 company that the Commonwealth controls.

Type of Body

Key

Description

Non-corporate Commonwealth entity is a Commonwealth entity that is not a body corporate.*

Corporate Commonwealth entity is a Commonwealth entity that is a body corporate.*

A Commonwealth company is a Corporations Act 2001 company that the Commonwealth controls.