New South Wales Treasury

The Treasury of New South Wales, branded NSW Treasury, a department of the Government of [New South Wales|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.

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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 published by Treasury in 2010 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 that public sector agencies 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