Annual and Financial Report 2015-16 - Queensland us/Documents...Queensland Rail Annual and Financial...

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  • Queensland RailAnnual and Financial Report 2015-16

  • Page 2 | Queensland Rail Annual and Financial Report 2015-16

    General informationThis is the consolidated Annual and Financial Report 2015-16 (the report) of Queensland Rail (ABN 68 598 268 528) and its subsidiaries, Queensland Rail Limited (ABN 71 132 181 090) (QRL) and On Track Insurance Pty Ltd (ABN 18 095 032 670) (OTI). Queensland Rail is a statutory authority established under the Queensland Rail Transit Authority Act 2013 (Qld) (QRTA Act) and is a statutory body for the purposes of the Financial Accountability Act 2009 (Qld) and the Statutory Bodies Financial Arrangements Act 1982 (Qld).

    Queensland Rails functions are detailed in Section 9 of the QRTA Act. Queensland Rail discharges its statutory functions through its wholly owned subsidiary QRL. QRL does not employ any personnel, but owns all non-employee related assets and contracts. It performs the role of rail transport operator under the Transport (Rail Safety) Act 2010 (Qld).

    OTI is a wholly-owned subsidiary of QRL. It provides insurance cover for claims on Queensland Rail, QRL and the Aurizon group of companies in respect of events up until 30 June 2010.

    Unless the context otherwise requires, Queensland Rail together with its subsidiaries QRL and OTI, are collectively referred to as Queensland Rail for the purposes of the report. A general description of the nature of Queensland Rails operations and principal activities is included in the report.

    This report is available, along with other useful resources, via the Queensland Rail website: queenslandrail.com.au.

    For further information on Queensland Rail: Phone: 13 16 17

    Mail: GPO Box 1429, Brisbane, Queensland, 4001

    Registered Office Queensland Rail Level 14, Rail Centre 1 305 Edward Street Brisbane, Queensland, 4000 Queensland Rail ABN 68 598 268 528

    Translation and interpreting assistance Queensland Rail is committed to providing accessible services to Queenslanders from all culturally and linguistically diverse backgrounds.

    If you have difficulty in understanding the report, please contact Queensland Rail on 13 16 17 and we will arrange an interpreter to share the report with you.

    Copyright Queensland Rail Limited 2016. Disclaimer While all care has been taken in preparing the report, Queensland Rail accepts no responsibility for decisions or actions taken as a result of any data, information, statement or advice, expressed, implied or contained in this report. Queensland Rail is committed to minimising the impact on the environment by printing a limited numbers of copies of this report. An electronic version of this report is available at queenslandrail.com.au

  • Queensland Rail Annual and Financial Report 2015-16 | Page 3

    305 Edward Street GPO Box 1429 Brisbane QLD 4001

    T 07 3072 0565 F 07 3072 0090 queenslandrail.com.au

    The Honourable Curtis Pitt MP Treasurer, Minister for Aboriginal and Torres Strait Islander Partnerships and Minister for Sport Member for Mulgrave Level 9, Executive Building 100 George Street BRISBANE QLD 4000

    The Honourable Stirling Hinchliffe MP Minister for Transport and the Commonwealth Games Member for Sandgate Level 13, Mineral House 41 George Street BRISBANE QLD 4000

    Dear Treasurer and Minister for Transport and the Commonwealth Games

    Queensland Rail Annual and Financial Report 2015-16I am pleased to present the Queensland Rail Annual and Financial Report 2015-16.

    I certify that this annual report complies with:

    the requirements prescribed by the Financial Accountability Act 2009 (Qld), the Financial and Performance Management Standard 2009 (Qld), the Queensland Rail Transit Authority Act 2013 (Qld) and the Corporations Act 2001 (Cth)

    the guidelines set out in the annual report requirements for Queensland Government agencies.

    The report outlines Queensland Rails strong operational performance as well as the financial efficiencies that have been achieved during the 2015-16 financial year. The Queensland Rail Board and Executive Leadership Team are confident that the organisation can continue to sustain its operational performance in the next financial year while pursuing further opportunities for cost optimisation. As outlined in the report, a dividend of $182.2 million was declared for the year ended 30 June 2016.

    The Board unanimously endorses the Queensland Rail Annual and Financial Report 2015-16.

    Yours sincerely

    Michael Klug AM Chairman

  • Page 4 | Queensland Rail Annual and Financial Report 2015-16

    Table of contentsQueensland Rail Annual and Financial Report 2015-16

    About us 5

    Chairmans and CEOs outlook 7

    Year at a glance 9

    Operational performance 11

    Financial performance 12

    Our safety and security 14

    Our people 20

    Our environment 24

    Our community 28

    Citytrain 32

    Regional Network and Freight 36

    Travel and Tourism 40

    Governance structure 42

    Organisational structure 43

    Board 44

    Executive Leadership Team 47

    Corporate governance 50

    Summary of the 2015-16 Operational Plan 60

    Compliance checklist 61

    Glossary and acronyms 63

    Queensland Rail Financial Report 2015-16 65

  • Queensland Rail Annual and Financial Report 2015-16 | Page 5

    About usQueensland Rail has a proud 151 year history of being a safe and reliable railway operator and contributing to Queenslands economic, social and regional development.

    With more than 6000 employees, approximately $7 billion in fixed and other assets, and more than 6500 kilometres of track, Queensland Rail is an integrated customer and rail infrastructure business servicing the passenger, tourism, resources and freight customer markets throughout Queensland.

    The organisation aims to be the safest, highest performing and best customer focused railway in Australia.

    Queensland Rails expansive network of long distance, tourist and city tracks has played a major part in shaping the history of Queensland and continues to connect communities.

    Queensland Rails vision

    Queensland Rails vision is Connecting Communities and Communities Connecting, which acknowledges the essential role it plays in providing jobs, delivering passenger rail services, transporting commodities, and supporting industry across the state.

    The vision demonstrates Queensland Rails responsibility in delivering the infrastructure and services to connect communities. These products allow Queensland Rails customers to connect to the things that matter family, friends, jobs, recreation and travel opportunities.

    The vision also illustrates the organisations role in the tourism industry, providing connection to regional Queensland and its key tourist destinations.

    The flow on effect of providing a safe, reliable and efficient transport service results in communities connecting, facilitating social outcomes and economic prosperity for the state.

    Queensland Rails purpose

    Queensland Rail is committed to providing a safe, reliable, on-time, value for money and efficient rail service that benefits the community and supports industry.

    To achieve this, Queensland Rail aligns its business activity to three strategic objectives:

    People improving safety outcomes and increasing productivity

    Progress optimising operational expenditure and targeting capital investment

    Performance sustaining operational performance.

    Queensland Rails operating environment

    Queensland Rail was established as a statutory authority in accordance with the QRTA Act with the objective of delivering significant benefits to the community including improved operation and more efficient delivery of rail services for customers.

    Queensland Rail performs its railway operations via the wholly owned subsidiary Queensland Rail Limited. The Queensland Rail Board is ultimately responsible for setting the strategic direction of Queensland Rail and the exercise of its powers and functions.

    The Board has in turn appointed a Chief Executive Officer (CEO) and Executive Leadership Team (ELT) who are responsible for Queensland Rails day-to-day operations. Members of the Queensland Rail Board are appointed by responsible Ministers under the QRTA Act.

    The Queensland Rail Board is accountable to two responsible Ministers:

    The Honourable Curtis Pitt MP, Treasurer, Minister for Aboriginal and Torres Strait Islander Partnerships and Minister for Sport

    The Honourable Stirling Hinchliffe MP, Minister for Transport and the Commonwealth Games.

    Each year, the Board submits Operational and Strategic Plans for approval by the responsible Ministers. The Queensland Rail Operational Plan 2015-16 is a formal performance agreement between the Board and responsible Ministers with regard to service delivery and performance.

    Queensland Rails products

    With more than 6500 kilometres of track and 216 stations across the state, Queensland Rails business consists of three primary products: Citytrain, Travel and Tourism, and Regional Network (including Freight).

    CitytrainQueensland Rails Citytrain network is an integrated passenger and rail access service covering more than 800 kilometres of track in South East Queensland. The network extends from Brisbanes Central station:

    south to Beenleigh and Varsity Lakes on the Gold Coast

    north to Ferny Grove, Shorncliffe, Doomben, Caboolture and Gympie

    east to Cleveland

    west to Richlands, Ipswich, Springfield Central and Rosewood.

  • Page 6 | Queensland Rail Annual and Financial Report 2015-16

    Across the network, Queensland Rail has 146 Citytrain stations and carries approximately