The Treasury (New South Wales)

The Treasury
Department overview
Formed	April 1824
Jurisdiction	New South Wales
Headquarters	52 Martin Place, Sydney. NSW 2000 Sydney [1]
Minister responsible	Hon. Dominic Perrottet MP , ; Treasurer of New South Wales and Minister for Industrial Relations ;
Department executive	Michael Pratt AM, ; Secretary ;
Child agencies	Office of Financial Management; Office of State Revenue ; NSW Treasury Corporation ; Electricity Tariff Equalisation Ministerial Corporation ; FSS Trustee Corporation ; Hardship Board of Review ; Internal Audit Bureau of NSW ; Liability Management Ministerial Corporation ; NSW Self Insurance Corporation ; SAS Trustee Corporation ;
Website	www.treasury.nsw.gov.au

Last updated February 28, 2019

The Treasury of New South Wales or New South Wales 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]

A ministry is a governmental organisation, headed by a minister, that is meant to manage a specific sector of public administration. Governments may have differing numbers and types of ministries, but the Brockhaus and Efron Encyclopedic Dictionary notes that all states have a Ministry of Interior, a Ministry of Foreign Affairs, a Ministry of Defense, a Ministry of Justice and a Ministry of Finance. A Ministry of Education or similar is also commonly present.

The Government of New South Wales, also referred to as the New South Wales Government or NSW Government, is the Australian state democratic administrative authority of New South Wales. It is currently held by a coalition of the Liberal Party and the National Party. The Government of New South Wales, a parliamentary constitutional monarchy, was formed in 1856 as prescribed in its Constitution, as amended from time to time. Since the Federation of Australia in 1901, New South Wales has been a state of the Commonwealth of Australia, and the Constitution of Australia regulates its relationship with the Commonwealth. Under the Australian Constitution, New South Wales ceded legislative and judicial supremacy to the Commonwealth, but retained powers in all matters not in conflict with the Commonwealth.

The states and territories are the first-level administrative divisions of the Commonwealth of Australia. They are the second level of government in Australia, located between the federal and local government tiers.

The Treasurer of New South Wales, known from 1856 to 1959 as the Colonial Treasurer of New South Wales, is the minister in the Government of New South Wales responsible for government expenditure and revenue raising and is the head of the New South Wales Treasury. The Treasurer plays a key role in the economic policy of the government. By convention, the Treasurer is usually a member of the NSW Parliament with a seat in the Legislative Assembly. The exception to this is Michael Egan, Michael Costa and Eric Roozendaal, who were members of the Legislative Council during their tenure as Treasurer.

The New South Wales Minister for Industrial Relations is a Minister of the Crown of the New South Wales Government managing Industrial Relations NSW within The Treasury and has responsibilities for matters relating to industrial and labour laws and regulation in the state of New South Wales, Australia.

Organisational structure

The Treasury is divided into five service groups that perform various functions on behalf of the department:^[3]

Fiscal and Economic Group – macroeconomic advice and forecasting, microeconomic reform, self-insurance, superannuation, credit rating issues, taxation, intergovernmental financial relations;
Agency Budget and Policy –the key interface between Treasury and public sector agencies on financial and policy matters, and it oversees the recurrent and capital expenditure of the general government sector;
Commercial Group –commercial policy advice, oversights the performance of the commercial sector of Government, manages major Government transaction and structures arrangements for the private financing of public infrastructure;
Industrial Relations, also called NSW Industrial Relations or NSW IR –works to ensure NSW private sector businesses comply with their responsibilities under NSW industrial relations laws, including laws regulating long service leave, the entertainment industry, transport and taxi industry contract determinations, shop trading hours and public holidays; and ensures compliance with the NSW Guidelines for construction procurement;
Corporate Group –delivers services to Treasury across a range of corporate areas including finance and administration, human resources, information management and technology, executive and ministerial services, communications, project management, corporate planning and risk management.

In Australia and New Zealand, long service leave (LSL) is an employee entitlement to an additional vacation on full pay after an extended period of service with an employer. In Australia, employees are generally entitled to long service leave over and above their annual leave if they work for a particular employer for a certain length of time. A common entitlement in Australia is that employees who remain with the one employer for ten years are entitled to two calendar months paid LSL, less on a pro rata basis, the longer they stay with that employer. When a worker ceases work with an employer, he or she is usually entitled to be paid the amount of LSL entitlement not taken on termination on a pro rata basis, though usually after a minimum period of service.

Departmental head

Order	Agency head	Title	Term start	Term end	Term in office	Notes
1	Henry Lane	Under Secretary for Finance and Trade	1 September 1856 (1856-09-01)	30 January 1872 (1872-01-30)	19 years, 27 days
2	Geoffrey Eagar		1 February 1872 (1872-02-01)	28 February 1891 (1891-02-28)	19 years, 27 days
3	Francis Kirkpatrick		1 March 1891 (1891-03-01)	10 May 1905 (1905-05-10)	14 years, 70 days
4	Charles James Saunders		11 May 1905 (1905-05-11)	28 January 1907 (1907-01-28)	1 year, 262 days
5	John William Holliman		29 January 1907 (1907-01-29)	15 January 1922 (1922-01-15)	14 years, 351 days
6	Arthur Pattrick Pearson	Under Secretary of The Treasury	16 January 1922 (1922-01-16)	3 April 1923 (1923-04-03)	1 year, 77 days
7	John Spence	Under Secretary for Finance and Trade Director of Finance	4 April 1923 (1923-04-04)	21 November 1924 (1924-11-21)	1 year, 231 days
8	Sir Bertram Stevens	Director of Finance Under Secretary and Director of The Treasury	22 November 1924 (1924-11-22)	12 July 1925 (1925-07-12)	232 days
9	Clarence Radford Chapman	Under Secretary of The Treasury	13 July 1925 (1925-07-13)	29 July 1935 (1935-07-29)	10 years, 16 days
10	Thomas Joseph Dwyer Kelly	Under Secretary and Comptroller of Accounts	30 July 1935 (1935-07-30)	10 May 1938 (1938-05-10)	2 years, 284 days
11	Edmund Harold Swift		11 May 1938 (1938-05-11)	5 January 1942 (1942-01-05)	3 years, 239 days
12	Mervyn Andrew Kerr Weir		19 January 1942 (1942-01-19)	31 December 1945 (1945-12-31)	3 years, 346 days
13	John George Lee		2 January 1946 (1946-01-02)	30 June 1948 (1948-06-30)	2 years, 180 days
14	Sir John Goodsell		1 July 1948 (1948-07-01)	29 April 1955 (1955-04-29)	6 years, 302 days
15	Aubrey William Burleton Coady		30 April 1955 (1955-04-30)	13 October 1959 (1959-10-13)	4 years, 166 days
16	William Gordon Mathieson		14 October 1959 (1959-10-14)	26 December 1963 (1963-12-26)	4 years, 73 days
17	Edwin James Walder		27 December 1963 (1963-12-27)	21 September 1965 (1965-09-21)	1 year, 268 days
18	Albert John Oliver		22 September 1965 (1965-09-22)	30 June 1971 (1971-06-30)	5 years, 281 days
19	William Ernest Henry		1 July 1971 (1971-07-01)	16 January 1977 (1977-01-16)	5 years, 199 days
20	Norman Oakes		17 January 1977 (1977-01-17)	23 February 1986 (1986-02-23)	9 years, 37 days
21	Percy Allan	Secretary 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
22	Michael George Lambert	Secretary of The Treasury	1 June 1994 (1994-06-01)	31 January 1997 (1997-01-31)	2 years, 244 days
23	John Pierce		16 April 1997 (1997-04-16)	2 March 2009 (2009-03-02)	11 years, 320 days
24	Michael Schur		2 March 2009 (2009-03-02)	28 April 2011 (2011-04-28)	2 years, 57 days	^[4]^[5]
–	Michael Lambert	Acting Secretary	28 April 2011 (2011-04-28)	3 August 2011 (2011-08-03)	97 days	^[5]
25	Phil Gaetjens	Secretary of The Treasury	3 August 2011 (2011-08-03)	30 June 2015 (2015-06-30)	3 years, 331 days	^[6]^[7]
26	Rob Whitfield		1 July 2015 (2015-07-01)	31 July 2017 (2017-07-31)	2 years, 30 days	^[8]
27	Michael Pratt AM		1 August 2017 (2017-08-01)	incumbent	300 days	^[9]

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References

↑ "Contact us". NSW Treasury. Government of New South Wales. 2012. Retrieved 13 September 2012.
↑ "Who we are". NSW Treasury. Government of New South Wales. Retrieved 11 April 2015.
↑ "What we do - our planned services". NSW Treasury. Government of New South Wales. Retrieved 11 April 2015.
↑ "New Secretary Of NSW Treasury Confirmed". Australia: Hawker Britton. March 2009. Retrieved 21 February 2017.
1 2 "NSW Treasury head quits". ABC News . Australia. 28 April 2011. Retrieved 21 February 2017.
↑ "Appointment of Mr Phil Gaetjens as Secretary of the NSW Treasury". Australia: Barton Deakin Government Relations. August 2011. Retrieved 21 February 2017.
↑ "Public Service Leadership Changes" (Press release). Government of New South Wales. 7 April 2015. Retrieved 21 February 2017.
↑ Gluyas, Richard (6 June 2015). "Wide reaction to Whitfield's move to NSW Treasury". Business Spectator, The Australian . Australia. Retrieved 21 February 2017.
↑ "Michael Pratt AM Appointed NSW Treasury Secretary". Australia: Government of New South Wales. 11 July 2017. Retrieved 28 May 2018.

External links

The Treasury (New South Wales) webpage

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[Contact_us-1] "Contact us". NSW Treasury. Government of New South Wales. 2012. Retrieved 13 September 2012.

[About_us-2] "Who we are". NSW Treasury. Government of New South Wales. Retrieved 11 April 2015.

[What_we_do-3] "What we do - our planned services". NSW Treasury. Government of New South Wales. Retrieved 11 April 2015.

[4] "New Secretary Of NSW Treasury Confirmed". Australia: Hawker Britton. March 2009. Retrieved 21 February 2017.

[schur-5] 1 2 "NSW Treasury head quits". ABC News . Australia. 28 April 2011. Retrieved 21 February 2017.

[Gaetjens-6] "Appointment of Mr Phil Gaetjens as Secretary of the NSW Treasury". Australia: Barton Deakin Government Relations. August 2011. Retrieved 21 February 2017.

[7] "Public Service Leadership Changes" (Press release). Government of New South Wales. 7 April 2015. Retrieved 21 February 2017.

[8] Gluyas, Richard (6 June 2015). "Wide reaction to Whitfield's move to NSW Treasury". Business Spectator, The Australian . Australia. Retrieved 21 February 2017.

[9] "Michael Pratt AM Appointed NSW Treasury Secretary". Australia: Government of New South Wales. 11 July 2017. Retrieved 28 May 2018.