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3

Our performance

Corporate planning for 2007-08

Key strategies

Implement new State financial management legislation.

Implement the harmonised Generally Accepted Accounting Principles - Government Finance Statistics (GAAP-GFS) reporting requirement for whole-of-government financial reporting.

Provide strategic policy, regulatory and financial advice to assist in achieving the Government's objective to maximise future broadband telecommunication opportunities and create greater competition in the telecommunications sector.

Support the Demographic Change Advisory Council's work program to identify emerging demographic issues and opportunities to address them.

Support the Ministerial Taskforce on Water and Sewerage in driving reform in Tasmania's water and wastewater sector.

Argue Tasmania's case in the Commonwealth Grants Commission's major review of the fiscal equalisation process.

Provide support to the Government Prices Oversight Commission in assessing the extent of councils' compliance with guidelines for cost recovery set out in Urban Water and Wastewater Pricing Guidelines.

Provide support to the Tasmanian Energy Regulator in the transfer of regulatory functions to national regulatory bodies, in accordance with the Australian Energy Markets Agreement.

Implement legislative and administrative payroll tax consistency by 1 July 2008 to reduce the regulatory burden on employers, in liaison with other jurisdictions.

Implement a contemporary Electronic Document Management System (EDMS) to enable the efficient and effective capture of, and access to, information.

Develop and implement an Integrated Communications Plan to enhance effective stakeholder communications.

Our stakeholders

Our key stakeholder is the Treasurer.

In order to meet our objectives we rely on other stakeholders with whom we have very important relationships. These stakeholders are:

The Premier and other Ministers

Our staff

Other agencies; Government business enterprises; State-owned companies

The Australian Government; regulatory bodies; local government

Taxpayers and their representatives

The community

Parliament; Cabinet; ministerial advisers

Our critical success factors

Table: Our critical success factors
Department of Treasury and Finance     Annual Report 2007–08
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