Performance Measures 201112 Actual 201213 Actual 201314 Estimate 201314 Actual 201415 Budget Quantity Capacity to provide policy advice and services on superannuation $4.37M $4.18M1 $4.18M2 $3.80M $3.96M Quality Benefits processed 1 453 1 771 1 602 1 590 1 800 Number of NTGPASS and NTSSS lost member accounts 3 984 3 597 3 460 3 297 3 400 Seminars held 15 10 17 17 17 Stakeholder satisfaction survey rating Stakeholders3 5 5 ≥ 5 5 ≥ 5 Treasurer n/a 6 ≥ 5 4 ≥ 5 1 2012-13 actual adjusted from $5.14 million to $4.18 million due to introduction of Corporate and Governance Output Performance allocation. 2 2013-14 estimate adjusted from $4.13 million to $4.18 million due to introduction of Corporate and Governance Output Performance allocation. 3 Stakeholders are the superannuation scheme members and associated boards. 5: NTTC Business Line Performance Previous Current Year Target Performance Measures 201112 Actual 201213 Actual 201314 Estimate 201314 Actual 201415 Budget Quantity Weighted average cost of borrowings during the year 4.86% 4.01% 5.00% 4.23% 5.50% Quality Borrowing rate margin compared to industry peers1 + 0.38% + 0.38% ≤ 0.50% + 0.38% ≤ 0.50% Investment portfolio return above benchmark2 + 0.32% + 0.36% ± 0.25% + 0.28% ± 0.25% Stakeholder satisfaction survey rating Stakeholders3 n/a 5 ≥ 5 5 ≥ 5 Treasurer n/a 6 ≥ 5 5 ≥ 5 1 State and territory governments’ central financing authorities. 2 The benchmark is the weighted relevant UBS Warburg Performance indices. The composite benchmark return for 201314 was 2.69 per cent while NTTC achieved a return of 2.97 per cent. 3 A stakeholder satisfaction rating is obtained from government owned business divisions, the government owned corporation and local government authorities.
Assistant Director Policy, Maruna System Administrator, Alvin Teo Executive Assistant to the Under Treasurer, Tamara Hutcheon Economic Coordinator, Sarah Schubert Records Support Officer, Petros Pastrikos Business Apprentice, Annie Rose Business Apprentice, Jasmine Verho 2013-14 Performance In 2013-14, Treasury achieved the following in WHS, with the support of the committee: ensured staff received relevant training as required for WHS, provided two refresher training sessions for the 25 fire wardens and chief fire wardens, and provided ‘Apply First Aid’ training for one first aid officer; published material safety data sheets in an electronic format and made them available on Treasury’s intranet; reviewed the WHS Management System (WHSMS); maintained the WHS audit program, including quarterly WHS inspections and annual first aid risk assessments; conducted Mental Health Week in October 2013; and continued to provide a quarterly summary of WHS activities to Treasury boards. 2014-15 Priorities During 2014-15, Treasury’s priorities are to: provide information sessions to Treasury staff on WHSMS; implement a training program for staff on WHS; maintain regular committee meetings and training as per legislation; and continue educational sessions and activities for staff, including Mental Health Week. Internal reporting Treasury ensures its compliance by producing the WHS report, which is provided to SMG and associated Treasury boards quarterly. Risk and Audit Committee Role The Risk and Audit Committee is responsible for overseeing internal review and quality assurance relating to financial management, risk management and fraud control, and considering how these can potentially impact on Treasury. Membership Under Treasurer, Jodie Ryan Deputy Under Treasurer, Tony Stubbin Deputy Under Treasurer, David Braines-Mead Assistant Under Treasurer (Budgets and Finance), Tracey Scott Assistant Under Treasurer (Economic), Craig Graham Assistant Under Treasurer (Revenue), Grant Parsons Director Corporate Support, Gerard Taylor 2013-14 Performance Treasury’s achievements in Risk and Audit for 2013-14 are summarised in the Corporate Governance section for this report.
Number 10 – Equality of Employment Opportunity Programs CEO to develop an EEO Program consistent with PSEMA, its subordinate legislation, the Act and any relevant award or enterprise agreement. CEO to report annually on programs and initiatives the agency has developed. Report should also include reports detailing specific action relating to IECD. Treasury’s EEO Recruitment and Selection Guide, together with Treasury’s Recruitment Policy and associated documentation, serve to promote and uphold the equality of employment opportunity principle. Further, Treasury’s Equity and Diversity Framework, in addition to supporting Treasury’s own IECD Strategy, incorporates agency requirements under PSEMA and the Anti-Discrimination Act, as well as whole of government strategies such as the EmployAbility Strategy, to promote and encourage its diverse workforce. Details of Treasury’s programs and initiatives are provided in this section of this report. Number 11 – Occupational Health and Safety Standards Programs CEO to develop programs to ensure the application of appropriate occupational health and safety (OHS) standards and programs. CEO to report annually on OHS. Treasury’s Work Health and Safety (WHS) Management System outlines how Treasury deals with WHS issues, including safe workplaces and systems, and developing, implementing and monitoring WHS measures. It has a dedicated page on Treasury’s InSite that identifies its members, policies, training opportunities, related information and useful links, and a space reserved on all staff noticeboards throughout the agency for WHS information. Support on WHS is provided by the WHS Committee with representation from all business units, and reports to SMG. Details of Treasury’s programs and initiatives are provided in the Corporate Governance section of this report. Number 12 – Code of Conduct The Code of Conduct stipulates the basic level of conduct expected of Public Sector Officers as defined in PSEMA. CEO may issue an agency-specific Code of Conduct consistent with PSEMA, its associated subordinate legislation, this code and any other relevant legislation. New staff members are provided with the Code of Conduct as part of their commencement package. Other staff members are reminded of their obligations at regular intervals. Additionally, Treasury has developed a Personal Accountability Framework that incorporates Treasury values, the Code of Conduct, accepting gifts and benefits, use of information communication and technology and other resources, confidentiality, conflicts of interest, fraud and ethics, harassment and bullying, health and safety, making public comment, outside employment, privacy and record keeping. Number 13 – Appropriate Workplace Behaviour