New South Wales Treasury
NSW Treasury is 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.
Overview
NSW Treasury is 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.
Core responsibilities
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. 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. 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’.
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:
Treasurer of New South Wales, currently The Honourable Daniel Mookhey MLC Minister for Finance and Minister for Domestic Manufacturing and Government Procurement, currently The Honourable Courtney Houssos MLC Minister for Industrial Relations and Minister for Work Health and Safety, currently The Honourable Sophie Cotsis MP 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:
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
External links
NSW Treasury
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