New South Wales, as Australia’s largest state economy, is embarking upon a major infrastructure investment program. TCorp is actively involved in this process, providing the debt financing for a substantial portion of this investment, and using its financial expertise to help deliver the best results.
Established almost a quarter of a century ago as the State’s central borrowing authority, TCorp provides a range of financial services to the various NSW Government businesses, spanning debt financing, liability management, funds management, and advisory services.
In fulfilling its role, TCorp provides a bridge between the funding and financial risk management needs of public sector clients and the products available in the financial markets to satisfy these needs.
Charter
TCorp is the central financing authority for the New South Wales public sector. The Treasury Corporation Act 1983 states that TCorp’s principal objective is “to provide financial services for, or for the benefit of, the Government, public authorities and other public bodies”.
In pursuing its objectives, TCorp has the same legal capacity, powers and authorities as a company under the Corporations Act 2001 (Cth). Activities in which TCorp can engage include:
- provision of finance for the Government and NSW public authorities;
- management or advice on management of Government and public authority assets and liabilities;
- acceptance of funds for investment from the Government and public authorities;
- investment of funds; and
- management of TCorp’s own assets
and liabilities.
TCorp’s powers to borrow, invest and undertake financial management transactions are regulated under the Public Authorities (Financial Arrangements) Act 1987.
Mission statement
TCorp exists to deliver for New South Wales the best that the financial markets
can offer.
Corporate objectives
In line with the mission statement, the corporate objectives of TCorp are to:
- achieve cost-effective funding;
- effectively execute portfolio assignments;
- effectively execute risk management and structured finance assignments; and
- meet client and market needs through enhanced resource management
and allocation.
Values
- Integrity: We encourage and maintain the highest levels of honesty and ethical behaviour in all business dealings, work practices and relationships.
- Commitment to excellence: We strive to achieve professional excellence, and contribute to a positive perception of the organisation.
- Maintaining the right work environment: We are committed to creating an environment where people are able to achieve their full potential, be recognised, and rewarded for their efforts. We recognise that sustained high level performance requires a balance between focus and dedication on the job and appropriate support for individual needs.
- Teamwork: We treat our colleagues with respect, working with them to achieve better results and common goals.
- Open and honest communication: We encourage and maintain an atmosphere of openness and trust.
- Development and learning: We encourage our people to achieve personal growth, and provide them with a range of options to develop their capabilities.
- Balancing external and internal interests: We are committed to adding value for all stakeholders by focusing our resources and energies to meet their needs, while understanding TCorp’s needs.