Progress towards full compliance with the Public 100% of SOEs have completed the Enterprises (PE) Act, including: director performance process and Cabinet approves a SOE director skills based questionnaire. selection and appointment process consistent 100% of SOEs have audited financial with the requirements of the PE Act; accounts for the financial year to 100% of PEs and Cabinet comply with the June 2013 (or December 2013 as Government Policy Obligation provisions in the appropriate) complete and have PE Act; published summary results in local 60% of SOEs have audited annual accounts for newspapers as required by the PE the financial year to June 2012 (or December Act. (ADB) 2012 as appropriate) complete and have published summary results in newspapers as required by the PE Act. (ADB) Business Environment Reform Cabinet approves submission to Parliament of Cabinet approves Competition Policy.(ADB) Process improvements resulting in reduced Receivership Bill revisions of the Business time for the granting of business visas. Names Act. (ADB, WB & AusAID) Cabinet approves submission of Bankruptcy Bill to the Legislative Assembly. (ADB) Process improvements in resulting in reduced time and cost for the granting of Government will submit to Parliament ancillary licenses for business and revisions to enable foreign investment in the investment. fisheries and agriculture sectors. (ADB, WB & AusAID)
Progress towards full compliance with the Public Enterprises (PE) Act, including: Cabinet approves a SOE director skills based selection and appointment process consistent with the requirements of the PE Act; 100% of PEs and Cabinet comply with the Government Policy Obligation provisions in the PE Act; 60% of SOEs have audited annual accounts for the financial year to June 2012 (or December 2012 as appropriate) complete and have published summary results in newspapers as required by the PE Act. (ADB) 100% of SOEs have completed the director performance process and questionnaire. 100% of SOEs have audited financial accounts for the financial year to June 2013 (or December 2013 as appropriate) complete and have published summary results in local newspapers as required by the PE Act. (ADB) Business Environment Reform Cabinet approves submission to Parliament of Receivership Bill revisions of the Business Names Act. (ADB, WB & AusAID) Cabinet approves Competition Policy.(ADB) Cabinet approves submission of Bankruptcy Bill to the Legislative Assembly. (ADB) Government will submit to Parliament revisions to enable foreign investment in the fisheries and agriculture sectors. (ADB, WB & AusAID) Process improvements resulting in reduced time for the granting of business visas. Process improvements in resulting in reduced time and cost for the granting of ancillary licenses for business and investment.
tonga-economic-public-sector-governance-delivery-strategy.docx