Our groups

Budget

We partner with the whole of Treasury to provide advice on whole-of-state fiscal policy and budget strategy. Our objective is to help the NSW Government deliver sustainable, high quality and resilient public services to the community. We coordinate and deliver the annual New South Wales Budget and Half-Yearly Review. We also provide an advisory function to Ministers and the public service, including direct support to the Expenditure Review Committee of Cabinet.

Strategy, Delivery and Reviews

We lead programs of work that enhance economic growth, improve budget sustainability and boost productivity and participation across the sector. Our major projects include coordination and implementation of the Women’s Economic Opportunities programs, targeted reviews and reforms of public sector expenditure programs as well as developing and evaluating COVID-19, cost of living and other economic stimulus programs. We also lead the development and implementation of Treasury’s Reconciliation Action Plan to advance equality for First Nations people.

Health and Stronger Communities

We are the primary manager of Treasury’s relationship with the Health and Stronger Communities clusters to support improved and sustainable services to the community. Working with stakeholders across these clusters, we provide strategic advice and support on their financial management, resource allocation, and policy and reform priorities.

Premier, Education and Customer Service

We are responsible for managing Treasury’s engagement with all agencies in the Education and Customer Service clusters, and leading strategic policy and budget expenditure analysis regarding First Nations Outcomes and energy, water and environment policy areas. Working across these clusters and agencies, we provide strategic advice and support across a broad range of social policy areas. We support early childhood education reform, vocational education training and skills development and digital investment strategy.

Transport, Infrastructure and Investment

We lead Treasury’s relationship with the Transport, Infrastructure, Investment and Planning clusters. We support our partners to plan and deliver improved public services and major capital projects. Our focus is on driving outcomes budgeting to deliver effective and impactful public spending.

Macroeconomy

We lead the analysis, modelling and advice on conditions and structure of the NSW macroeconomy – and implications for the State’s citizens and businesses – to inform strategic fiscal, economic, social and environmental policy decisions.

Revenue

We lead the development of revenue forecasts and analysis, provide policy advice to Government, implement decisions, and influence the direction of federal financial relations.

Centre for Economic Evidence

We lead the development and application of economic frameworks to improve the wellbeing of the NSW community and to support strong, evidence-based decisionmaking. The Division promotes and advises on the practice of public economics to advance the effectiveness, efficiency, and equity of government initiatives. It also has responsibility for Treasury’s economic stewardship and investment frameworks, as well as outcomes budgeting and First Nations economic wellbeing.

Markets and Regulation

We lead the development of competition, microeconomic and regulatory reforms which boost productivity, enhance market sustainability and community well-bring, provide policy advice to Government, implement decisions, inform the public policy conversation and provide support across the broader ESP Group.

Productivity Commission

We drive economic reform to support higher living standards for the people of New South Wales. We contribute to a process to drive productivity improvements, including driving microeconomic and regulatory reform. This work led to the Productivity Commission White Paper 2021—Rebooting the economy.

Banking and Financial Services

NSW Government facilitates payments to and from millions of citizens and businesses every day. We are responsible for optimising the State’s cash position and modernising its payment capabilities. We seek to provide consistent, accessible, secure, fast and easy to use digital payment experiences across all NSW Government services, and to help our customers and suppliers get paid faster. Additionally, we aim to drive efficient and effective use of Government resources and significantly improve productivity. NSW Government is also an active participant in the payments and FinTech marketplace, helping to foster competition, innovation and better policy outcomes for all users.

Commercial Assets

We manage the government’s shareholding in State Owned Corporations and other commercial government businesses, assessing and monitoring their strategies and performance. We manage appointments to the Boards and are responsible for the development of the government’s Commercial Policy Framework. We also continue to be responsible for the management of assets and exposures that remain with the Government following a major transaction.

Infrastructure and Structured Finance Unit

We work with agencies to facilitate private sector investment on high-profile, high-risk infrastructure projects of more than $200 million, in particular Public Private Partnerships (PPPs). We provide specialist commercial and financial to agencies on major projects being procured by NSW Government. We work closely with agencies to consider their project delivery options, consider their procurement options, evaluate tenders received from private sector parties, participate contractual negotiations and financial close.

Recent projects that ISFU has worked on include the Western Sydney Airport Metro PPP project, the Western Habour Tunnel and Sydney Metro West.

NSW Procurement

We implement innovative, outcomes driven approaches to maximise value for money and make it easier to do business with government. We specialise in providing agencies with consultancy and advisory services, analytics, category management, procurement policy and access to procurement enabling technologies.

We are responsible for whole-of-government electricity, fleet and travel-related contracts. We establish and review procurement policies, whole-of-government prequalification schemes.

Energy, Climate Change and Sustainability (ECCS)

We are responsible for our state-wide sustainability strategy, policy and programs across a range of areas. Our three divisions are climate change and sustainability, energy and strategy and implementation.

Climate Change and Sustainability Division

We lead policies and programs to achieve net zero emissions by 2050 and build resilience to climate change, including clean energy and hydrogen while creating new jobs, cutting household costs and attracting investment.

Energy Division

We drive policies, programs, regulations and legislation focused on providing reliable, affordable, safe, and secure energy to households and businesses of New South Wales. Our diverse portfolio spans program delivery, consumer and competition policy, regulation, energy operations and energy security safeguards, building sustainability through NABERS and energy social programs. We also play a critical role in increasing the uptake of electric vehicles in NSW.

Strategy and Implementation Division

We coordinate the delivery of key energy and climate strategic initiatives including development of the New South Wales Electricity Infrastructure Roadmap, supporting the Renewable Energy Sector Board, the independent Electricity Infrastructure Jobs Advocate  which will accelerate New South Wales’ transformation to a sustainable future. We also play a critical role in engaging with the Commonwealth Government on a range of issues, including the Memorandum of Understanding on energy and emissions reduction, delivery of a Capacity Mechanism, Regulated Exit Contract, the National Energy Transformation Partnership and national transmission reforms as well as in the coordination and support for the Minister for Energy’s participation in Energy Ministers Meetings.

Energy Corporation of New South Wales (EnergyCo)

Driven by the Electricity Infrastructure Roadmap, EnergyCo is responsible for coordinating the development of the first five Renewable Energy Zones (REZs) and critical infrastructure across New South Wales. As the Infrastructure Planner for these REZs, we work closely with communities, investors and industry to ensure the REZs are in the long-term interest of energy consumers, local communities and industry in New South Wales.

Business Strategy and Program Division

We drive the overall business and corporate strategy, including providing stakeholder and corporate relations support and communication services.

Commercial Division

We are responsible for commercial management and governance frameworks for Renewable Energy Zone programs.

Planning and Communities Division

We are responsible for the whole-of-REZ planning framework, supporting community, client and stakeholder engagement. We also integrate REZ infrastructure with local and State government planning processes.

Technical Advisory Services Division

We provide expert technical advice to optimise integration of REZ infrastructure and deliver secure, reliable energy supply to New South Wales electricity customers.

Strategic Balance Sheet Management

We ensure the long term financial, environmental and social sustainability of New South Wales through the management of financial assets, liabilities and risks. We oversee the management of strategic investment funds including the New South Wales Generations Fund and Social and Affordable Housing Fund. We also give guidance on funding solutions and debt management, and support an ambitious agenda in the areas of Sustainable Finance and Social Impact Investment.

Finance and Operations

We are responsible for financial reporting for the sector including monthly state reporting and the aggregate financial information in the annual Budget. We provide leadership and advice for the sector on financial management and accounting policy, including capability support and compliance/performance management. We provide a range of services to Treasury including finance and business performance management, reporting and analysis, risk assurance, internal auditing and compliance, technical accounting advice, and corporate finance and facilities management functions. We also provide ministerial and cabinet support.

Human Resources

We lead human resources and employee relations, delivering talent solutions, learning and organisation development outcomes and the implementation of robust workforce management strategies. We partner to maximise the success and potential of our teams of highly capable, engaged and diverse people, sought after for the quality of their advice.

Communications

We are responsible for driving awareness of Treasury, and its projects and programs that support the people of NSW. Our work covers internal and external channels including employee engagement, traditional media, social media, events, sponsorship, digital and websites. We provide change communications and issues management advice to the Secretary, Deputy Secretaries, branches and divisions, assist our reporting Ministers and their offices, and provide strategic advice and leadership in whole-of-Government forums. We deliver strategic communications campaigns and manage Treasury’s brand to maintain and enhance its integrity in the community.

Information Technology

We are responsible for maintaining IT infrastructure to ensure it adapts to the evolving needs of Treasury. We lead Treasury’s digital workplace management and provide support on applications, records technology, Budget systems optimisation, cyber security, data analytics and reporting.