The Treasury cluster leads the economic, jobs and investment conversation across the state. From its position at the centre of government, NSW Treasury drives the economic development strategy to guide NSW’s growth for the next 10 to 20 years. Treasury’s leadership team is the strategic decision-making body for Treasury. The team has a clear focus and accountability for strategic leadership, high-order resource
allocation and risk management across the organisation.
Comprising of the Secretary, four Deputy Secretaries, a General Counsel, a Chief People Officer, a Chief Financial Officer, a Chief Information Officer and a Chief of Staff, Treasury’s structure consists of nine groups that are responsible for delivering Treasury’s strategy and goals:
- Commercial, Commissioning & Procurement
- Economic Strategy & Productivity
- Financial & Operations Group
- Human Resources
- Information Technology
- Office of General Counsel
- Office of the Secretary
- Policy & Budget
- Trade, Tourism, Investment & Precincts
Commercial, Commissioning & Procurement
The Commercial, Commissioning & Procurement (CC&P) Group comprises the transactions, commercial assets, infrastructure and structured finance, and commissioning units, as well as NSW Procurement.
Core responsibilities include:
- providing specialist commercial and financial advice to government to facilitate private sector involvement in major capital projects and related services
- actively implementing management of the government’s shareholding in State Owned Corporations (SOCs) and other government businesses which includes overseeing their governance, and assessing and monitoring their commercial performance
- supporting design and implementation of service delivery reforms in NSW
- managing major asset transactions
- setting and governing policies, and managing key spend categories for the State’s annual $33 billion + procurement expenditure.
Economic Strategy & Productivity
The Economic Strategy & Productivity Group shapes the NSW economic strategy and influences the future direction of tax policy, economic policy and reform, productivity policy, small business policy and federal financial relations.
Core responsibilities also include:
- advising and promoting sound economic policy within NSW to enhance the economic performance and welfare of NSW
- bolstering the capacity of NSW Treasury to lead economic reform and debate by advising on state, national and global economic issues, analysis and trends
- monitoring and forecasting the NSW economy and revenues, and providing policy advice on the State’s revenue measures and federal financial relations
- supporting the sustainability of small businesses in NSW by providing assistance and information, strategic and procedural advice, confidential mediation and dispute resolution services and speaking up for small business within government
- driving productivity improvements to enhance the welfare of NSW including driving microeconomic and regulatory reform.
Financial & Operations Group
The Financial & Operations Group provides a range of services to Treasury and the sector, including:
- finance and business performance management
- the production and publication of the Total State Sector Accounts
- the production of monthly financial reporting and analysis of the general government aggregate financial results and provision of the aggregates financial reporting for the Budget and Half Year
- the provision of technical support and training for the sector on the Budgeting System
- the stewardship for the sector on financial management and accounting policy including capability support and compliance/performance management and delivery of the Recurrent Expenditure Gateway Assurance program
- the provision of technical accounting advice to the sector including capability support, liaison with other jurisdictions and liaison with relevant national and international accounting bodies
- being responsible for the Risk Assurance and Internal Audit function for Treasury including stewardship of the areas across the sector via a cluster Audit & Risk Chair Leadership forum
- the corporate finance and facilities management functions for Treasury.
The priority of the Human Resources team is to develop the skills and innovation of our people to create a high-performing, results driven workforce, as well as developing strategies and initiatives to make Treasury a rewarding place to work.
Core human resources responsibilities include:
- implementing best practice policies, programs and solutions across talent acquisition and management, organisational development, reward, engagement and business partnering
- developing leadership capability and shaping a culture of collaboration and accountability
- driving efficiency and productivity through the careful design of work, the operating model and the organisation
- improving the quality of a work/life balance for all our people and promoting flexible working.
The Information Technology Group is responsible for all Treasury technology systems including the sector wide budgeting platform, Prime. They ensure the integrity, availability and security of information and systems.
Core areas of responsibility include:
- Applications and IT projects
- Operations and support
- Records and information management
- Finance and budget systems
- Cyber security.
Office of General Counsel
The Office of General Counsel (OGC) provides the Treasurer, other cluster Ministers and NSW Treasury with strategic legal advice and a ‘legal lens’ on whole of government policy initiatives, supports State significant commercial asset transactions and strategic projects, and manages contractual, statutory and other legal issues arising from Treasury’s operations.
The OGC’s activities include:
- providing general support on major commercial transactions and strategic projects
- conducting contract reviews, advice and negotiations
- undertaking statutory interpretation, review and updates to Treasury legislation
- dealing with contract disputes, HR disputes, litigation management and support
- supporting Treasury compliance activities from a legal perspective.
Office of the Secretary
The Office of the Secretary manages Treasury’s in-house functions, ensuring the provision of critical support and expert advisory services, coordinates engagement and support for the Treasurer’s Office and is focused on strengthening the monitoring and reporting business performance to ensure the organisation’s continuous improvement – providing proactive advice on all aspects of the business. They also work with the broader government sector across its functions, providing central agency leadership and engagement.
Core responsibilities include:
- developing and managing Treasury communications
- leading Treasury’s Parliamentary Cabinet and Governance functions
- project management.
Policy & Budget
The Policy & Budget (P&B) Group is the primary agency relationship manager at NSW Treasury. The role of P&B is to work collaboratively with NSW government agencies to provide high quality advice on financial management, policy reform and resource allocation. The goal is to improve service delivery to the community and increase living standards both now and into the future. The group also plays an integral role in preparing the State Budget and monitoring agency financial and policy performance.
Core responsibilities include:
- coordination of agency content for core Treasury publications, including Budget Papers, total State Sector Accounts and Half-Yearly Review and the Pre-Election Budget Update (PEBU)
- providing economic and financial advice on resource allocation, service delivery, policy and funding reforms
- undertaking robust financial monitoring through accurate and quality data analysis
- advising on how to use the State balance sheet more effectively to improve services and economic outcomes
- advising on agency business cases, asset plans and budget proposals
- monitoring agency asset management and delivery.
Trade, Tourism, Investment & Precincts
The Trade, Tourism, Investment & Precincts (TTIP) team implements the NSW Government’s economic development activities. They deliver programs and services, in NSW and across the world, to grow trade, investment and tourism; supporting small business and start-ups to grow, and NSW companies to succeed in international markets. The TTIP’s role is to promote NSW as the destination of choice for tourists, businesses, students and global talent. TTIP is also responsible for the State’s industry development and jobs growth targets, ensuring NSW remains globally competitive and invests in the industries and places that will ensure NSW remains a great place to live and work, not just now, but well into the future.
Their goals, designed to create economic growth that benefits the citizens of NSW, include:
- create great jobs in great places
- grow capital investment in NSW
- position NSW globally and nationally for investment and trade growth
- create liveable places and precincts which are vibrant, improve connectivity and reduce commute times
- make our precincts economically successful
- attract skilled labour, technology and innovative practices from across the world to ensure NSW is a leader in future industry sectors and technologies.