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
Formed	April 1824
Jurisdiction	New South Wales
Headquarters	52 Martin Place, Sydney. NSW 2000 Sydney[1]
Ministers responsible	The Hon. Daniel Mookhey MLC, Treasurer of New South Wales The Hon. Courtney Houssos MLC, Minister for Finance The Hon. Sophie Cotsis MP, Minister for Industrial Relations and Minister for Work Health and Safety
Department executive	Michael Coutts-Trotter, Secretary
Child agencies	Office of Financial Management 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 Destination NSW Western City and Aerotropolis Authority NSW Small Business Commission Jobs for NSW
Website	www.treasury.nsw.gov.au

Core responsibilities

^[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

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:^[6][7]

• Treasurer of New South Wales, currently The Honourable Daniel Mookhey MLC
• Minister for Finance and Minister for Domestic Manufacturing and Government Procurement, currently The Honourable Courtney Houssos MLC
• Minister for Industrial Relations and Minister for Work Health and Safety, currently The Honourable Sophie Cotsis MP

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:^[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

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, 207 days	[16][17]

References

1. "Contact us". NSW Treasury. Government of New South Wales. 2012. Retrieved 13 September 2012.
2. "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. "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

• NSW Treasury