The Brisbane Olympic and Paralympic Games Arrangements Bill 2021 has passed through the Queensland Parliament.
When signed into law, the Act will establish a corporation to be known as the Brisbane Organising Committee for the 2032 Olympic and Paralympic Games which will be a statutory body for the purposes of the Statutory Bodies Financial Arrangements Act 1982 and the Financial Accountability Act 2009, and a unit of public administration under the Crime and Corruption Act 2001.
This means the corporation will be subject to Queensland's public sector accountability regime, rather than the Commonwealth Corporations Act 2001.
The Act will also establish the framework and membership categories of the board which will operate as the decision-making body to govern the corporation.
The Act aims to ensure the structure of the board enables:
The Queensland Government made the specific decision to establish the corporation as a statutory body rather than empower a government department to assume responsibility for the Games. This was primarily based on a corporation being seen to have more flexibility than a government department to operate in a commercial context to generate revenue.
As stated in the Explanatory Notes accompanying the Bill, there is discretion provided to certain persons and entities when making appointments of directors of the board (other than ex-officio members). The reasons include changing skillset requirements over the life of the board and providing for in-built quotas of female and Aboriginal or Torres Strait Islander membership.
The State of Queensland proposes to underwrite any potential financial shortfall of the corporation.
The Government has committed to establishing the committee by 21 December 2021, unless extended by agreement by all signatories of the Olympic Host Contract. Advertisements for appointments to the board are being published in due course.
Article written by John Mullins (Partner) and Stephen Gay (Government Relations and Legal Research Officer).
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