New South Wales Treasury

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]

NSW Treasury
Department overview
FormedApril 1824
JurisdictionNew South Wales
Headquarters52 Martin Place, Sydney. NSW 2000 Sydney[1]
Ministers responsible
Department executive
Child agencies
Websitewww.treasury.nsw.gov.au

Core responsibilities edit

[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 edit

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

Ministers edit

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 edit

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 edit

OrderAgency headTitleTerm startTerm endTerm in officeNotes
1Henry LaneUnder Secretary for Finance and Trade1 September 1856 (1856-09-01)30 January 1872 (1872-01-30)19 years, 27 days
2Geoffrey Eagar1 February 1872 (1872-02-01)28 February 1891 (1891-02-28)19 years, 27 days
3Francis Kirkpatrick1 March 1891 (1891-03-01)10 May 1905 (1905-05-10)14 years, 70 days
4Charles James Saunders11 May 1905 (1905-05-11)28 January 1907 (1907-01-28)1 year, 262 days
5John William Holliman29 January 1907 (1907-01-29)15 January 1922 (1922-01-15)14 years, 351 days
6Arthur Pattrick PearsonUnder Secretary of The Treasury16 January 1922 (1922-01-16)3 April 1923 (1923-04-03)1 year, 77 days
7John SpenceUnder Secretary for Finance and Trade
Director of Finance
4 April 1923 (1923-04-04)21 November 1924 (1924-11-21)1 year, 231 days
8Sir Bertram StevensDirector of Finance
Under Secretary and Director of The Treasury
22 November 1924 (1924-11-22)12 July 1925 (1925-07-12)232 days
9Clarence Radford ChapmanUnder Secretary of The Treasury13 July 1925 (1925-07-13)29 July 1935 (1935-07-29)10 years, 16 days
10Thomas Joseph Dwyer KellyUnder Secretary and Comptroller of Accounts30 July 1935 (1935-07-30)10 May 1938 (1938-05-10)2 years, 284 days
11Edmund Harold Swift11 May 1938 (1938-05-11)5 January 1942 (1942-01-05)3 years, 239 days
12Mervyn Andrew Kerr Weir19 January 1942 (1942-01-19)31 December 1945 (1945-12-31)3 years, 346 days
13John George Lee2 January 1946 (1946-01-02)30 June 1948 (1948-06-30)2 years, 180 days
14Sir John Goodsell1 July 1948 (1948-07-01)29 April 1955 (1955-04-29)6 years, 302 days
15Aubrey William Burleton Coady30 April 1955 (1955-04-30)13 October 1959 (1959-10-13)4 years, 166 days
16William Gordon Mathieson14 October 1959 (1959-10-14)26 December 1963 (1963-12-26)4 years, 73 days
17Edwin James Walder27 December 1963 (1963-12-27)21 September 1965 (1965-09-21)1 year, 268 days
18Albert John Oliver22 September 1965 (1965-09-22)30 June 1971 (1971-06-30)5 years, 281 days
19William Ernest Henry1 July 1971 (1971-07-01)16 January 1977 (1977-01-16)5 years, 199 days
20Norman Oakes17 January 1977 (1977-01-17)23 February 1986 (1986-02-23)9 years, 37 days
21Percy AllanSecretary of The Treasury
Chairman of the NSW Treasury Corporation
24 February 1986 (1986-02-24)27 May 1994 (1994-05-27)8 years, 92 days
22Michael George LambertSecretary of The Treasury1 June 1994 (1994-06-01)31 January 1997 (1997-01-31)2 years, 244 days
23John Pierce16 April 1997 (1997-04-16)2 March 2009 (2009-03-02)11 years, 320 days
24Michael Schur2 March 2009 (2009-03-02)28 April 2011 (2011-04-28)2 years, 57 days[9][10]
Michael Lambert (acting)28 April 2011 (2011-04-28)3 August 2011 (2011-08-03)97 days[10]
25Phil Gaetjens3 August 2011 (2011-08-03)30 June 2015 (2015-06-30)3 years, 331 days[11][12]
26Rob Whitfield1 July 2015 (2015-07-01)31 July 2017 (2017-07-31)2 years, 30 days[13]
27Michael Pratt AM1 August 2017 (2017-08-01)28 January 2022 (2022-01-28)4 years, 180 days[14]
28Paul Grimes PSM29 January 2022 (2022-01-29)14 April 2023 (2023-04-14)1 year, 75 days[15]
29Michael Coutts-Trotter15 April 2023 (2023-04-15)incumbent1 year, 56 days[16][17]

References edit

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

External links edit