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Corporate and operational planning

Austrade’s planning and performance management practices align its activities and resources to achieve the priorities set by the Australian Government. Strategic planning takes account of Austrade’s operating environment, and seeks to ensure that the agency provides maximum value to the government, and to Australian businesses and institutions, while also ensuring the highest ethical standards. Figure 19 outlines Austrade’s key planning and reporting documents for 2019–20.

CORPORATE PLAN

Under the Australian Trade and Investment Commission Act 1985 and the Public Governance, Performance and Accountability Act 2013, Austrade’s CEO is required to present a corporate plan each year to the Minister for Trade, Tourism and Investment.

The corporate plan sets out Austrade’s strategies for achieving its purpose over the next four years and explains how we will measure our achievements. It is Austrade’s primary planning document and builds on the outcomes set by the government and published in the annual portfolio budget statements. For further information on how the corporate plan relates to the portfolio budget statements, see Figure 6 in Part 2, Report on Performance.

CORPORATE PERFORMANCE FRAMEWORK

To monitor overall organisational performance, Austrade’s performance reporting framework links the performance criteria and forecasts in Austrade’s corporate plan with more detailed internal reporting measures. This framework ensures Austrade’s activities are aligned to achieve defined operational objectives, while incorporating measures to monitor stakeholder satisfaction, internal governance, and resources and capability.

STAFF PERFORMANCE AGREEMENTS

Staff performance agreements are prepared on an annual basis, covering the period from 1 July to 30 June. The agreements are consistent with the business plan and, where applicable, the regional plan of the unit in which the individual staff member works, as well as with Austrade’s corporate performance framework

Figure 19: Austrade’s key planning and reporting documents for 2019–20 Cover image of the Austrade Corporate Plan 2019–20, Cover image of the Portfolio Budget Statements 2019–20, Cover image of Austrade's Corporate Performance Framework document and Cover image of Austrade's 2019–20 annual report.