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 Minister for Finance and Minister for Domestic Manufacturing and Government Procurement, currently The Honourable Courtney Houssos Minister for Industrial Relations and Minister for Work Health and Safety, currently The Honourable Sophie Cotsis
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
Departmental head Order Agency head Title Term start Term end Term in office Notes 1 Henry Lane Under Secretary for Finance and Trade 2 Geoffrey Eagar 3 Francis Kirkpatrick 4 Charles James Saunders 5 John William Holliman 6 Arthur Pattrick Pearson Under Secretary of The Treasury 7 John Spence Under Secretary for Finance and TradeDirector of Finance 8 Sir Bertram Stevens Director of FinanceUnder Secretary and Director of The Treasury 9 Clarence Radford Chapman Under Secretary of The Treasury 10 Thomas Joseph Dwyer Kelly Under Secretary and Comptroller of Accounts 11 Edmund Harold Swift 12 Mervyn Andrew Kerr Weir 13 John George Lee 14 Sir John Goodsell 15 Aubrey William Burleton Coady 16 William Gordon Mathieson 17 Edwin James Walder 18 Albert John Oliver 19 William Ernest Henry 20 Norman Oakes 21 Percy Allan Secretary of The TreasuryChairman of the NSW Treasury Corporation 22 Michael George Lambert Secretary of The Treasury 23 John Pierce 24 Michael Schur – Michael Lambert (acting) 25 Phil Gaetjens 26 Rob Whitfield 27 Michael Pratt 28 Paul Grimes 29 Michael Coutts-Trotter incumbent
References
External links NSW Treasury