The Hydro Tasmania Board aims for sound governance of the Corporation, based on transparency and accountability, along with a structure and reporting system which contributes to guiding the business on attaining its goals and objectives.

Hydro Tasmania is subject to the Government Business Enterprises Act 1995 (GBE Act) for its governance structure and conditions and refers to the Australian Securities Exchange, Australian Institute of Company Directors and Chartered Secretaries Australia guidelines and publications for corporate governance direction and maintaining sound levels of practice.

Principles, Structure and Reporting

Each year Hydro Tasmania is held accountable to the people of Tasmania before the Tasmanian Parliament’s Government Businesses Scrutiny Committee. The Minister for Energy and Hydro Tasmania’s principals are questioned y the committee on a wide range of issues. This year evidence was presented on questions relating to Hydro Tasmania’s financial position, the costs and benefits of Basslink, balance sheet strength, the future of Bell Bay Power Station, water storage levels, asset refurbishment, the Roaring 40s joint venture, cost-cutting initiatives and overseas business activity.