New South Wales Treasury

Last updated

NSW Treasury
NSW Treasury Logo.png
Department overview
FormedApril 1824
Jurisdiction New South Wales
Headquarters52 Martin Place, Sydney. NSW 2000 Sydney [1]
Ministers responsible
Department executive
Child agencies
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]

Contents

Core responsibilities

[2] Management of NSW finances

Analysis, advice and delivery

Management of NSW assets

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. [3] 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’. [4]

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: [5] [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]

Departmental Head

OrderAgency headTitleTerm startTerm endTerm in officeNotes
1Henry LaneUnder Secretary for Finance and Trade1 September 185630 January 187219 years, 27 days
2 Geoffrey Eagar 1 February 187228 February 189119 years, 27 days
3Francis Kirkpatrick1 March 189110 May 190514 years, 70 days
4Charles James Saunders11 May 190528 January 19071 year, 262 days
5John William Holliman29 January 190715 January 192214 years, 351 days
6Arthur Pattrick PearsonUnder Secretary of The Treasury16 January 19223 April 19231 year, 77 days
7John SpenceUnder Secretary for Finance and Trade
Director of Finance		4 April 192321 November 19241 year, 231 days
8 Sir Bertram Stevens Director of Finance
Under Secretary and Director of The Treasury		22 November 192412 July 1925232 days
9Clarence Radford ChapmanUnder Secretary of The Treasury13 July 192529 July 193510 years, 16 days
10Thomas Joseph Dwyer KellyUnder Secretary and Comptroller of Accounts30 July 193510 May 19382 years, 284 days
11Edmund Harold Swift11 May 19385 January 19423 years, 239 days
12Mervyn Andrew Kerr Weir19 January 194231 December 19453 years, 346 days
13John George Lee2 January 194630 June 19482 years, 180 days
14 Sir John Goodsell 1 July 194829 April 19556 years, 302 days
15Aubrey William Burleton Coady30 April 195513 October 19594 years, 166 days
16William Gordon Mathieson14 October 195926 December 19634 years, 73 days
17Edwin James Walder27 December 196321 September 19651 year, 268 days
18Albert John Oliver22 September 196530 June 19715 years, 281 days
19William Ernest Henry1 July 197116 January 19775 years, 199 days
20 Norman Oakes 17 January 197723 February 19869 years, 37 days
21 Percy Allan Secretary of The Treasury
Chairman of the NSW Treasury Corporation		24 February 198627 May 19948 years, 92 days
22Michael George LambertSecretary of The Treasury1 June 199431 January 19972 years, 244 days
23 John Pierce 16 April 19972 March 200911 years, 320 days
24Michael Schur2 March 200928 April 20112 years, 57 days [8] [9]
–Michael Lambert (acting)28 April 20113 August 201197 days [9]
25 Phil Gaetjens 3 August 201130 June 20153 years, 331 days [10] [11]
26Rob Whitfield1 July 201531 July 20172 years, 30 days [12]
27Michael Pratt AM 1 August 201728 January 20224 years, 180 days [13]
28 Paul Grimes PSM 29 January 202214 April 20231 year, 75 days [14]
29 Michael Coutts-Trotter 15 April 2023incumbent2 years, 178 days [15] [16]

References

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