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About TCorpTCorp was established in 1983 as a corporation administered by the NSW Department of Treasury, it made its first issue of securities, $375 million of Premier State Bonds. The issue was underwritten, and bought largely by the Australian general public. At 30 June 1983, TCorp’s balance sheet was $156 million. Today, TCorp operates with a balance sheet of over $40 billion. TCorp no longer has to rely on underwriters to sell its stock. Overseeing TCorp from its early years until the late 1980s was the Secretary of the NSW Treasury. After a change in legislation in 1987, TCorp operated with its own management, engaged its own staff on commercial terms and established its own Board. Jim Watt became Chief Executive until 1995 when he was succeeded by Wayne Jarman, a position he then held until the incumbent, Stephen Knight, took over the role in 2005. In addition to TCorp's role as the central financing authority for the State of New South Wales, TCorp is also a manager of Asset and Liability portfolios on behalf of clients, providing financial risk management and investment management services to the NSW Government and its constituent businesses. |
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