The_Treasury_(New_South_Wales)

New South Wales Treasury

New South Wales Treasury

Department of the New South Wales government

The Treasury of New South Wales, branded NSW Treasury, a department of the New South Wales Government, is responsible for state financial management policy and reporting, and providing advice to the government on economic conditions and issues in New South Wales, Australia. NSW Treasury was established in April 1824 and is the oldest continuing government agency in Australia.[2]

Quick Facts Department overview, Formed ...

Core responsibilities

[2] Management of NSW finances

  • consistent collection and consolidation of financial information from public entities
  • strong financial management through accurate data and advice
  • effective delivery of the Budget and other financial reports, on behalf of the Treasurer.

Analysis, advice and delivery

  • informed fiscal, economic, commercial and financial policy advice
  • innovative reforms which support a strong and competitive economy
  • providing fair and productive industrial relations and public sector wages policies
  • robust risk management and governance frameworks.

Management of NSW assets

  • value-creating commercial and financial transactions
  • respected commercial, financial and service delivery reforms
  • market-leading analysis and advice on private financing of public infrastructure
  • managing, monitoring and advising on the efficiency and effectiveness of public sector commercial agencies.

Efficient management of NSW's cash resources is a key responsibility of Treasury. [3] A policy & guidelines paper published by Treasury in 2010 ('TPP10-2 Treasury Banking System Cash Forecasting and Banking Arrangements') provided the state's agencies with relevant information in relation to cash forecasting requirements and banking arrangements.[4] In 2015, the Expenditure Review Committee of the state's Cabinet directed that public sector agencies (excluding state-owned corporations and authorities specifically approved by the NSW Treasurer) would, from 1 April 2015, operate as part of the Treasury Banking System. This decision applied to all agency cash deposits held ‘at call’.[5]

Structure

The Treasury is led by its Secretary, Michael Coutts-Trotter who reports to the ministers listed below.

Ministers

The following ministers are responsible for administering the Treasury portfolio:[6][7]

Ultimately, the Ministers are responsible to the Parliament of New South Wales.

Current structural groups

The Treasury is divided into six service groups that perform various functions on behalf of the department:[8]

  • Economic Strategy and Productivity Group
  • Policy and Budget Group
  • Commercial Group
  • Financial Management and Services
  • Office of the Secretary and Ministerial Services
  • Office of the General Counsel

Departmental Head

More information Order, Agency head ...

References

  1. [1]
    "Contact us". NSW Treasury. Government of New South Wales. 2012. Retrieved 13 September 2012.
  2. [2]
    "About NSW Treasury". NSW Treasury. Government of New South Wales. Retrieved 27 July 2019.
  3. [3]
    "Cash Management | NSW Treasury". www.treasury.nsw.gov.au. Retrieved 30 September 2022.
  4. [4]
    "Cash Management | NSW Treasury". www.treasury.nsw.gov.au. Retrieved 30 September 2022.
  5. [5]
    "Banking and Financial Services | NSW Treasury". www.treasury.nsw.gov.au. Retrieved 30 September 2022.
  6. [6]
    "Parliament, Ministerial, Courts and Police (662)" (PDF). Government Gazette of the State of New South Wales. 21 December 2021.
  7. [7]
    "Administrative Arrangements (Public Service agencies and Ministers) Order 2023". 1 January 2024. Retrieved 31 March 2024.
  8. [8]
    "Our groups". NSW Treasury. Government of New South Wales. Retrieved 27 July 2019.
  9. [9]
    "New Secretary of NSW Treasury Confirmed". Australia: Hawker Britton. March 2009. Retrieved 21 February 2017.
  10. [10]
    "NSW Treasury head quits". Australia: ABC News. 28 April 2011. Retrieved 21 February 2017.
  11. [11]
    "Appointment of Mr Phil Gaetjens as Secretary of the NSW Treasury". Australia: Barton Deakin Government Relations. August 2011. Retrieved 21 February 2017.
  12. [12]
    "Public Service Leadership Changes" (Press release). Government of New South Wales. 7 April 2015. Retrieved 21 February 2017.
  13. [13]
    Gluyas, Richard (6 June 2015). "Wide reaction to Whitfield's move to NSW Treasury". Business Spectator, The Australian. Australia. Retrieved 21 February 2017.
  14. [14]
    "Michael Pratt AM Appointed NSW Treasury Secretary". Australia: Government of New South Wales. 11 July 2017. Retrieved 28 May 2018.
  15. [15]
    "Announcement on NSW Treasury Secretary". NSW Government. 25 January 2022. Retrieved 26 January 2022.
  16. [16]
    "Minns Government public service changes to tackle state's challenges". NSW Government. 14 April 2023.
  17. [17]
    "Michael Coutts-Trotter named NSW Treasury Secretary". NSW Government. 22 May 2023.
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