Documents Library

General Government Financial Statement – 30 August 2022

TC22-14 Commonwealth - NSW Funding Agreements

This Treasury Circular provides information for NSW Ministers and agencies on processes for negotiating and approval to enter into new or extended funding agreements with the Commonwealth. This Circular replaces the former Premiers Memorandum M2011-19 NSW Protocol for the Intergovernmental Agreement on Federal Financial Relations.

General Government Financial Statement – 31 July 2022

TRP22-18 Property Tax Reform and Home Ownership

This paper examines the potential increase in home ownership that could arise if the NSW Government replaced stamp duty and the existing land tax with a broad-based property tax levied on unimproved land values. 

Independent assessment of NSW Treasury’s processes in relation to the preparation of the 2021 State Financial Statements

On 10 February 2022, the NSW Treasury Secretary indicated to the NSW Public Accountability Committee that he would commission an independent assessment (the Assessment) of Treasury’s processes for the preparation of the 2021 State Financial Statements as they relate to the specific matters raised by the Auditor General in Chapter 3 of her Report on State Finances 2021.

In March 2022, former Commonwealth departmental secretary and Public Service Commissioner, Mr Stephen Sedgwick AO, was appointed to conduct the Assessment. Mr Sedgwick provided his Assessment report to Treasury on 30 June 2022. The report contains 11 recommendations, which Treasury has accepted.

Guidance: delegations under the Government Sector Finance Act 2018

Review of the Point of Consumption Tax - Final Report

On 1 January 2019, the NSW Government introduced the Point of Consumption (PoC) tax. At the time of implementation, the NSW Government announced that the NSW Treasury would undertake a Review of the PoC tax (‘the Review’) after 18 months of operation.

This Final Report of the Review summarises the stakeholder views presented in the submissions and stakeholder discussions and draws on other data and information provided by NSW Government agencies while conducting the review.

TPG22-23 Agencies with Occupancy Agreements with Property NSW

The purpose of this policy is to provide guidance to agencies on the applicability of AASB 16 Leases to Occupancy Agreements with Property NSW (PNSW). It includes proforma financial statements disclosures for the year ending 30 June 2022 and frequently asked questions in respect of the derecognition of existing right-of-use assets and lease liabilities related to office accommodation lease arrangements with PNSW.

This policy is not mandatory and NSW GGS entities should tailor the assessment and disclosures to their individual circumstances.

Annual Reporting Reform 2022 Discussion Paper

Annual reports are an important way in which agencies remain accountable to Parliament and the community for the way in which public monies have been applied during a reporting period.

General Government Financial Statement – 31 May 2022