Geoscience Australia’s corporate governance arrangements guide management practices and business operations to ensure that the entity is accountable, manages risk appropriately, delivers on strategic priorities and meets its legal obligations.
The governance framework includes advisory bodies and committees as well as Accountable Authority Instructions, policies, procedures and guidelines.
The Chief Executive Officer is supported by the Advisory Board and Portfolio Board.
The Advisory Board comprises Senior Executive Service officials and four staff members, and provides advice to the Chief Executive Officer on strategy, financial operations and risk management. The board is supported by the Audit and Risk Committee, Security Committee, ICT Strategy Committee, Work Health and Safety Committee, Workplace Relations Committee, and People and Culture Committee.
The Portfolio Board comprises Senior Executive Service officials and advises the Chief Executive Officer on investment priorities and resource allocation. It is responsible for meeting the entity’s planning and performance reporting obligations set out in the Public Governance, Performance and Accountability Act 2013 and associated rules.
The Portfolio Board is specifically responsible for assisting the accountable authority in developing a corporate plan that documents the purpose, priorities and performance information of Geoscience Australia over the current and forward years.
Geoscience Australia’s governance practices comply with all statutory requirements and are reviewed regularly to ensure that they remain relevant and effective.