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New South Wales Treasury

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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

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

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[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

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

Ministers

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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

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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

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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 [9][10]
– Michael Lambert (acting) 28 April 2011 (2011-04-28) 3 August 2011 (2011-08-03) 97 days [10]
25 Phil Gaetjens 3 August 2011 (2011-08-03) 30 June 2015 (2015-06-30) 3 years, 331 days [11][12]
26 Rob Whitfield 1 July 2015 (2015-07-01) 31 July 2017 (2017-07-31) 2 years, 30 days [13]
27 Michael Pratt AM 1 August 2017 (2017-08-01) 28 January 2022 (2022-01-28) 4 years, 180 days [14]
28 Paul Grimes PSM 29 January 2022 (2022-01-29) 14 April 2023 (2023-04-14) 1 year, 75 days [15]
29 Michael Coutts-Trotter 15 April 2023 (2023-04-15) incumbent 1 year, 252 days [16][17]

References

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  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.
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