TCorp is the financial services partner to the NSW public sector, providing best-in-class investment management, financial management solutions and advice. With $115bn of assets under management, TCorp is a top 10 Australian institutional investor and is the central borrowing authority of the state of NSW, with a balance sheet of $187bn.
Created by the Treasury Corporation Act 1983, TCorp is a wholly owned entity of the state of NSW and is part of the NSW Treasury cluster. We have the same legal capacity, powers and authorities as a company under the Corporations Act 2001 (Cth), which allows us to raise and manage money to help the NSW Government and ultimately, the people of NSW.
TCorp is a public financial corporation (PFC) and not a budget dependent agency. It is a net contributor to the state through the payment of tax equivalents and dividends and in FY24 generated a dividend of $130mn. Our borrowing, investment and financial management activities are regulated by the Government Sector Finance Act 2018.
TCorp has a unique remit, being the only public sector organisation that acts as both a fund manager and a government central borrowing authority. We combine both functions to our clients’ advantage and provide long-term benefits to the people and communities of NSW. Our scale, market presence and strong credit rating provide access to a broad range of opportunities at lower costs. TCorp provides 2 main service lines to clients:
TCorp pays respect to the Traditional Custodians and First Peoples of NSW and acknowledges their continued connection to country and culture.
