# 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.

## Core responsibilities

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. 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. 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’.

## 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:
* 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:
* 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 |
| 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 | Under Secretary for Finance and Trade | 1 February 1872 (1872-02-01) | 28 February 1891 (1891-02-28) | 19 years, 27 days |
| 3 | Francis Kirkpatrick | Under Secretary for Finance and Trade | 1 March 1891 (1891-03-01) | 10 May 1905 (1905-05-10) | 14 years, 70 days |
| 4 | Charles James Saunders | Under Secretary for Finance and Trade | 11 May 1905 (1905-05-11) | 28 January 1907 (1907-01-28) | 1 year, 262 days |
| 5 | John William Holliman | Under Secretary for Finance and Trade | 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 | Under Secretary and Comptroller of Accounts | 11 May 1938 (1938-05-11) | 5 January 1942 (1942-01-05) | 3 years, 239 days |
| 12 | Mervyn Andrew Kerr Weir | Under Secretary and Comptroller of Accounts | 19 January 1942 (1942-01-19) | 31 December 1945 (1945-12-31) | 3 years, 346 days |
| 13 | John George Lee | Under Secretary and Comptroller of Accounts | 2 January 1946 (1946-01-02) | 30 June 1948 (1948-06-30) | 2 years, 180 days |
| 14 | Sir John Goodsell | Under Secretary and Comptroller of Accounts | 1 July 1948 (1948-07-01) | 29 April 1955 (1955-04-29) | 6 years, 302 days |
| 15 | Aubrey William Burleton Coady | Under Secretary and Comptroller of Accounts | 30 April 1955 (1955-04-30) | 13 October 1959 (1959-10-13) | 4 years, 166 days |
| 16 | William Gordon Mathieson | Under Secretary and Comptroller of Accounts | 14 October 1959 (1959-10-14) | 26 December 1963 (1963-12-26) | 4 years, 73 days |
| 17 | Edwin James Walder | Under Secretary and Comptroller of Accounts | 27 December 1963 (1963-12-27) | 21 September 1965 (1965-09-21) | 1 year, 268 days |
| 18 | Albert John Oliver | Under Secretary and Comptroller of Accounts | 22 September 1965 (1965-09-22) | 30 June 1971 (1971-06-30) | 5 years, 281 days |
| 19 | William Ernest Henry | Under Secretary and Comptroller of Accounts | 1 July 1971 (1971-07-01) | 16 January 1977 (1977-01-16) | 5 years, 199 days |
| 20 | Norman Oakes | Under Secretary and Comptroller of Accounts | 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 | Secretary of The Treasury | 16 April 1997 (1997-04-16) | 2 March 2009 (2009-03-02) | 11 years, 320 days |
| 24 | Michael Schur | Secretary of The Treasury | 2 March 2009 (2009-03-02) | 28 April 2011 (2011-04-28) | 2 years, 57 days |
| – | Michael Lambert (acting) | Secretary of The Treasury | 28 April 2011 (2011-04-28) | 3 August 2011 (2011-08-03) | 97 days |
| 25 | Phil Gaetjens | Secretary of The Treasury | 3 August 2011 (2011-08-03) | 30 June 2015 (2015-06-30) | 3 years, 331 days |
| 26 | Rob Whitfield | Secretary of The Treasury | 1 July 2015 (2015-07-01) | 31 July 2017 (2017-07-31) | 2 years, 30 days |
| 27 | Michael Pratt AM | Secretary of The Treasury | 1 August 2017 (2017-08-01) | 28 January 2022 (2022-01-28) | 4 years, 180 days |
| 28 | Paul Grimes PSM | Secretary of The Treasury | 29 January 2022 (2022-01-29) | 14 April 2023 (2023-04-14) | 1 year, 75 days |
| 29 | Michael Coutts-Trotter | Secretary of The Treasury | 15 April 2023 (2023-04-15) | incumbent | 1 year, 317 days |