About us

The department's functional responsibilities are stipulated in the Administrative Arrangements Order of 6 November 2017. A graphical presentation of the department's organisation chart (98.5 kb)  is available for download.

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Annual reports

Department of Treasury and Finance

The 2017-18 Department of Treasury and Finance Annual Report (13.7 mb) is designed to meet annual reporting requirements, as specified for public sector agencies in the Public Sector Employment and Management Act, Financial Management Act and Information Act. It reports on DTF’s performance to the Treasurer, the Legislative Assembly, government agencies and other stakeholders, including DTF’s own staff. It reflects on DTF’s many and varied accomplishments during 2016-17, and provides information about DTF’s culture, responsibilities and internal governance arrangements.

Treasurer's Annual Financial Report (TAFR)

The 2017-18 Treasurer's Annual Financial Report (10.7 mb) has been prepared to provide an informative, comprehensive and clear report of the Northern Territory Government's financial outcomes.

Northern Territory Treasury Corporation (NTTC)

The 2017-18 Northern Territory Treasury Corporation Annual Report (2.9 mb) is designed to meet NTTC’s statutory annual reporting requirements, as specified for public sector agencies in PSEMA, the Financial Management Act (FMA), Information Act and NTTC Act. It reports NTTC’s performance to the Treasurer, the Legislative Assembly, government agencies, stakeholders, financial markets and ratings agencies.

Northern Territory Government and Public Authorities' Superannuation Scheme (NTGPASS)

The objective of the 2017-18 Northern Territory Government and Public Authorities' Superannuation Scheme Annual Report (4.0 mb) is to provide information on the operations of NTGPASS to the Treasurer (as the Minister responsible for superannuation matters), to members and other interested parties. This includes information on the administration of NTGPASS as well as the management, financial position and investment performance of the Northern Territory Government and Public Authorities Employees’ Superannuation Fund (fund).

Legislative Assembly Members' Superannuation Fund (LAMS)

The Legislative Assembly Members’ Superannuation (LAMS) scheme is established by the Legislative Assembly Members’ Superannuation Fund Act (LAMS Act) and provides superannuation benefits for eligible members of the Northern Territory Legislative Assembly. Find out more in the 2017-18 Legislative Assembly Members' Superannuation Fund Annual Report (1.9 mb).

Northern Territory Police Supplementary Benefit Scheme

The objective of the 2017-18 Northern Territory Police Supplementary Benefit Scheme Annual Report (1020.9 kb) is to provide information to members and other interested parties on the operations of the Northern Territory Police Supplementary Benefit Scheme (PSBS), including the management, financial condition and investment performance of the PSBS fund, as well as current superannuation issues.

Previous Annual Reports

No results were found

Last updated: 08 February 2018

 

Corporate Plan

Corporate Plan

Our Vision

To be recognised for excellence in the provision of economic, financial and statistical services for the Northern Territory Government.

Context

Treasury’s primary role is to provide specialist fiscal, economic and commercial policy advice and services to the Government to assist in delivering services and infrastructure for the benefits of Territorians. Treasury serves the Government and the community through the Treasurer. Other key stakeholders include government agencies, the Northern Territory community and Treasury staff.

Purpose

To promote sustainable fiscal strength and economic development of the Territory and contribute to improved social and fiscal wellbeing for Territorians.

What We Provide

  1. A financial management framework consistent with the Government’s fiscal strategy.
  2. Appropriate and effective intergovernmental financial relations.
  3. Effective commercial advice to optimise the Territory’s financial position.
  4. Expert advice on the Territory economy.
  5. Effective management of the investment and borrowing activities of the Government.
  6. Effective collection of taxation and royalty revenue and the development of a fair and efficient taxation system that is competitive with other jurisdictions.
  7. An efficient and legislatively compliant superannuation framework.

Read more about the Department of Treasury and Finance's  Corporate Plan 2017-2020 (274.9 kb).

Financial Publications

The Territory has a range of financial reporting responsibilities to various stakeholders. Key internal stakeholders include the Treasurer, Parliament, Cabinet and Government agencies, while key external stakeholders include the Australian Bureau of Statistics, credit rating agencies, the Commonwealth Grants Commission and the general public. Treasury provides whole of government budgetary and actual financial reports under the framework of the Fiscal Integrity and Transpar​ency Act and the Financial Management Act. This framework specifies reporting requirements, both in terms of content and timing, and prescribes reporting responsibilities. This framework enables Treasury to meet Government accountability requirements through the provision of meaningful information to facilitate better informed decisions that improve financial policy outcomes. Importantly, transparent financial reporting enables the public to scrutinise the Government's financial policy and performance through comparison of the Government's financial strategy, Budget forecasts and outcomes.

Treasurer's Quarterly Financial Report

Treasurer's Quarterly Financial Report for 3 months ended 30 September 2018 (265.8 kb)

Treasurer's Annual Financial Report

Treasurer's Annual Financial Report 2017-18 (TAFR) (10.7 mb)

Mid-Year Report

2017-18 Mid-Year Report (1.3 mb)

Treasury Divisions

Financial Management Group

  • Manages and coordinates the Territory budget process and whole of government financial reporting
  • Manages the Territory’s financial management framework
  • Analyses and provides advice on whole of government resource allocation issues, including major government projects and initiatives with funding implications
  • Develops the Territory’s infrastructure program from a whole of government perspective
  • Monitors each agency’s financial performance
  • Manages the Central Holding Authority
  • Manages financial and commercial accountabilities and risks as prescribed in the Financial Management Act and the Fiscal Integrity and Transparency Act, including the fiscal strategy

Economic Group

  • Provides economic and policy advice, and manages economic and regulatory reform
  • Publishes information and analysis on economic and demographic trends that affect the Territory economy
  • Provides research, advice and statistical coordination across government
  • Provides advice and analysis on intergovernmental financial relations including GST revenue distribution
  • Manages submissions and data returns to the Commonwealth Grants Commission
  • Negotiates, develops and provides advice on funding agreements with the Commonwealth
  • Manages Northern Territory input to major national economic inquiries and reviews
  • Provides commercial advice on major government infrastructure projects and initiatives and on the government owned corporations
    framework

Territory Revenue Office

  • Collects Territory revenue in accordance with the relevant tax and royalty legislation
  • Administers and provides advice on grant, tax and royalty legislation
  • Provides education and information programs to assist tax and royalty payers’ compliance
  • Minimises losses to revenue through compliance activity
  • Promotes home ownership through administering grant and stamp duty assistance schemes
  • Provides revenue modelling and forecasting
  • Develops tax and royalty-related information and data systems

Northern Territory Superannuation Office

  • Manages and develops NTPS superannuation policy and legislation for a range of defined benefit superannuation schemes
  • Administers and makes benefit payments
  • Engages advisors to invest members’ funds
  • Provides support services to the Superannuation Trustee Board, subcommittees and members of various schemes

Northern Territory Treasury Corporation

  • Borrows, lends and invests funds on behalf of the Territory as its central financing authority
  • Invests surplus short-term cash balances of government accounts
  • Provides loans to the Government, agencies, government owned corporations and, in certain circumstances, local governing authorities

Treasury Services Group

  • Manages human resources management, recruitment, employment and staff development programs
  • Provides finance, procurement and office services
  • Manages communications and publishing
  • Provides information management, and information, communication and technology
  • Manages risk and audit and organisational development
  • Manages Natural Disaster Relief and Recovery Arrangements on behalf of the Territory
  • Provides secretariat and executive support including central coordination and liaison between the Treasurer’s Office, Ministers, Cabinet Office, Legislative Assembly and other government agencies on Cabinet and ministerial business

Utilities Commission

The independent Utilities Commission is also part of DTF for administrative purposes.

  • Regulates prices charged by government and other businesses for providing certain monopoly services
  • Performs licensing functions
  • Develops, monitors and enforces compliance with, and promotes improvement in, standards and conditions of service and supply
  • Develops and monitors the operation of codes and rules relating to the conduct or operations of a regulated industry or licensed entities
  • Investigates complaints relating to the conduct or operations of licensed entities
  • Assists consumers, industry participants, potential market participants and other stakeholders with information
  • Advises the Minister on any matter referred by the Minister

Last updated: 08 February 2018