Description
This Circular provides updated “Guidelines on Reporting of Investment and Liability Management Performance” for statutory bodies. It replaces the previous Treasury CircularTC14-31 issued in December 2014.
Detailed Outline
The Annual Reports (Statutory Bodies) Regulation 2015 requires guidelines to be issued by the Treasurer regarding investment and liability management performance, including benchmarking.
This Circular updates the criteria for determining the particular NSW Treasury Corporation (TCorp) investment facility (TCorpIM Funds, previously marketed as Hour-Glass Investment Facilities) that should be used as the benchmark for measuring the investment performance of agencies.
Where a statutory body is unclear on any aspect of the investment or liability performance measurement process, it is strongly encouraged to make enquiries with TCorp or a qualified financial adviser.
The attached “Guidelines on Reporting of Investment and Liability Management Performance” are to be used for financial years commencing on or after 1 July 2016.
This Circular replaces the previous Treasury Circular NSW TC 14/31 issued in December 2014.
Act
Annual Reports (Statutory Bodies) Regulation 2015
http://www.legislation.nsw.gov.au/#/view/regulation/2015/493/part3/sec10
Overview
Who needs to know and/or comply with this?
- Departments
- Executive agencies related to Departments
- Advisory Entities (including Boards and Committees)
- Separate agencies
- State Owned Corporations
- Statutory Authorities/Bodies
- Subsidiaries of the NSW Government established under the Corporations Act
- Councils under the Local Government Act
- Universities
Compliance
- Mandatory
AR Details
- Date Issued
- Feb 7, 2017
- Review Date
- Feb 7, 2022
- Replaces
- Replaced By
-
Contacts
- Contact
- Phone
- Publishing Entity
- The Treasury
- Issuing Entity
- The Treasury