TCorp’s role in providing debt financing for the New South Wales Government has never been more important than in the current environment. New South Wales has committed to a major infrastructure investment program, and TCorp’s standing as a quality issuer in capital markets is critical to the success of this initiative.
Financial market conditions over the past year have been the most challenging in a generation. In this environment, TCorp’s strength as a AAA credit, together with its conservative approach towards managing financial risks and investments on behalf of clients, sees TCorp well placed to deliver value to its stakeholders.
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 assetsand 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 marketscan 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.