New South Wales Treasury Explained
| Agency Name: | NSW Treasury |
| Type: | Department |
| Formed: | April 1824 |
| Jurisdiction: | New South Wales |
| Headquarters: | 52 Martin Place, Sydney. NSW 2000 Sydney[1] |
| Region Code: | AU-NSW |
| Minister1 Pfo: |
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| Minister2 Pfo: |
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| Minister3 Pfo: |
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| Chief1 Name: | Michael Coutts-Trotter |
| Child1 Agency: | Office of Financial Management |
| Child2 Agency: | NSW Treasury Corporation |
| Child3 Agency: | Electricity Tariff Equalisation Ministerial Corporation |
| Child4 Agency: | FSS Trustee Corporation |
| Child5 Agency: | Hardship Board of Review |
| Child6 Agency: | Internal Audit Bureau of NSW |
| Child7 Agency: | Liability Management Ministerial Corporation |
| Child8 Agency: | NSW Self Insurance Corporation |
| Child9 Agency: | SAS Trustee Corporation |
| Child10 Agency: | Destination NSW |
| Child11 Agency: | Western City and Aerotropolis Authority |
| Child12 Agency: | NSW Small Business Commission |
| Child13 Agency: | Jobs for NSW |
| Website: | www.treasury.nsw.gov.au |
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]
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]
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:[7]
- 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 Trade
Director of Finance | | | | |
| 8 | | Director of Finance
Under 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 | | | | | |
| 15 | Aubrey William Burleton Coady | | | | |
| 16 | William Gordon Mathieson | | | | |
| 17 | Edwin James Walder | | | | |
| 18 | Albert John Oliver | | | | |
| 19 | William Ernest Henry | | | | |
| 20 | | | | | |
| 21 | Percy Allan | Secretary of The Treasury
Chairman of the NSW Treasury Corporation | | | | |
| 22 | Michael George Lambert | Secretary of The Treasury | | | | |
| 23 | John Pierce | | | | |
| 24 | Michael Schur | | | | [8] [9] |
| – | Michael Lambert (acting) | | | | |
| 25 | Phil Gaetjens | | | | [10] [11] |
| 26 | Rob Whitfield | | | | [12] |
| 27 | Michael Pratt | | | | [13] |
| 28 | | | | | [14] |
| 29 | Michael Coutts-Trotter | | incumbent | | [15] [16] | |
External links
Notes and References
- Web site: NSW Treasury . Government of New South Wales . Contact us . 2012 . 13 September 2012 .
- Web site: NSW Treasury . Government of New South Wales . About NSW Treasury. 27 July 2019 .
- Web site: Cash Management NSW Treasury . 2022-09-30 . www.treasury.nsw.gov.au.
- Web site: Cash Management NSW Treasury . 2022-09-30 . www.treasury.nsw.gov.au.
- Web site: Banking and Financial Services NSW Treasury . 2022-09-30 . www.treasury.nsw.gov.au.
- Web site: Administrative Arrangements (Public Service agencies and Ministers) Order 2023. 1 January 2024. 31 March 2024.
- Web site: NSW Treasury . Government of New South Wales . Our groups. 27 July 2019 .
- Web site: New Secretary of NSW Treasury Confirmed . Hawker Britton . Australia . March 2009 . 21 February 2017 .
- News: NSW Treasury head quits . ABC News. Australia . 28 April 2011 . 21 February 2017 .
- Web site: Appointment of Mr Phil Gaetjens as Secretary of the NSW Treasury . Barton Deakin Government Relations . Australia . August 2011 . 21 February 2017 .
- Public Service Leadership Changes . . 7 April 2015 . 21 February 2017 .
- News: Wide reaction to Whitfield’s move to NSW Treasury . Gluyas, Richard . . Australia . 6 June 2015 . 21 February 2017 .
- News: Michael Pratt AM Appointed NSW Treasury Secretary . . Australia . 11 July 2017 . 28 May 2018 .
- Web site: Announcement on NSW Treasury Secretary. NSW Government. 25 January 2022. 26 January 2022.
- Web site: Minns Government public service changes to tackle state’s challenges. NSW Government. 14 April 2023.
- Web site: Michael Coutts-Trotter named NSW Treasury Secretary. NSW Government. 22 May 2023.
