New South Wales Treasury

The Treasury
Department overview
Formed April 1824
Jurisdiction New South Wales
Headquarters 52 Martin Place, Sydney. NSW 2000 Sydney[1]
Minister responsible
Department executive
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

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]

The Treasury is led by its Secretary, Michael Pratt AM. The Treasury is responsible to the Treasurer of New South Wales and Minister for Industrial Relations, presently the Honourable Dominic Perrottet MP. Ultimately, the Treasurer and Minister is responsible to the Parliament of New South Wales.

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.

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 30 January 1872 19 years, 27 days
2 Geoffrey Eagar 1 February 1872 28 February 1891 19 years, 27 days
3 Francis Kirkpatrick 1 March 1891 10 May 1905 14 years, 70 days
4 Charles James Saunders 11 May 1905 28 January 1907 1 year, 262 days
5 John William Holliman 29 January 1907 15 January 1922 14 years, 351 days
6 Arthur Pattrick Pearson Under Secretary of The Treasury 16 January 1922 3 April 1923 1 year, 77 days
7 John Spence Under Secretary for Finance and Trade
Director of Finance		 4 April 1923 21 November 1924 1 year, 231 days
8 Sir Bertram Stevens Director of Finance
Under Secretary and Director of The Treasury		 22 November 1924 12 July 1925 232 days
9 Clarence Radford Chapman Under Secretary of The Treasury 13 July 1925 29 July 1935 10 years, 16 days
10 Thomas Joseph Dwyer Kelly Under Secretary and Comptroller of Accounts 30 July 1935 10 May 1938 2 years, 284 days
11 Edmund Harold Swift 11 May 1938 5 January 1942 3 years, 239 days
12 Mervyn Andrew Kerr Weir 19 January 1942 31 December 1945 3 years, 346 days
13 John George Lee 2 January 1946 30 June 1948 2 years, 180 days
14 Sir John Goodsell 1 July 1948 29 April 1955 6 years, 302 days
15 Aubrey William Burleton Coady 30 April 1955 13 October 1959 4 years, 166 days
16 William Gordon Mathieson 14 October 1959 26 December 1963 4 years, 73 days
17 Edwin James Walder 27 December 1963 21 September 1965 1 year, 268 days
18 Albert John Oliver 22 September 1965 30 June 1971 5 years, 281 days
19 William Ernest Henry 1 July 1971 16 January 1977 5 years, 199 days
20 Norman Oakes 17 January 1977 23 February 1986 9 years, 37 days
21 Percy Allan Secretary of The Treasury
Chairman of the NSW Treasury Corporation		 24 February 1986 27 May 1994 8 years, 92 days
22 Michael George Lambert Secretary of The Treasury 1 June 1994 31 January 1997 2 years, 244 days
23 John Pierce 16 April 1997 2 March 2009 11 years, 320 days
24 Michael Schur 2 March 2009 28 April 2011 2 years, 57 days [4][5]
– Michael Lambert Acting Secretary 28 April 2011 3 August 2011 97 days [5]
25 Phil Gaetjens Secretary of The Treasury 3 August 2011 30 June 2015 3 years, 331 days [6][7]
26 Rob Whitfield 1 July 2015 31 July 2017 2 years, 30 days [8]
27 Michael Pratt AM 1 August 2017 incumbent 1 year, 73 days [9]

References

  1. ↑ "Contact us". NSW Treasury. Government of New South Wales. 2012. Retrieved 13 September 2012.
  2. ↑ "Who we are". NSW Treasury. Government of New South Wales. Retrieved 11 April 2015.
  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.
  5. 1 2 "NSW Treasury head quits". ABC News. Australia. 28 April 2011. Retrieved 21 February 2017.
  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.
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