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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 ...
The role of the office included preparing legislation, providing advice and information to the State Government and local councils, regulating financial management and monitoring financial reporting practices of councils, and improving local government performance through provision of standards and guidelines and conducting reviews and investigations (often called Section 430 investigations).
The auditor-general of New South Wales helps the Parliament of New South Wales hold government accountable for its use of public resources.. The auditor-general is responsible for audits of NSW Government agencies, [1] universities, [2] and NSW local government, and also provides certain assurance services for Commonwealth grants and payments to the State under Commonwealth legislation.
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Leadership and coordination on strategy and policy across government, driving action on key government priorities. Providing independent policy, legal, and governance advice to the Premier and Cabinet, including matters related to the National Cabinet. Stewardship of the NSW Cabinet system to support effective government decision-making. [4]
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If the costs exceed $3 per capita this rises to 75%, and when costs reach $5 per capita, the federal government is required to pay 90 per cent of the costs. [ 2 ] [ 3 ] Since its inception in 1970, a 2011–12 report stated that the program had paid out $2 billion in post-disaster assistance. [ 4 ]