About Treasury Corporation
History
The Corporation was established on 1 July 1994 under the Northern Territory Treasury Corporation Act to undertake the financial management of the Northern Territory's public finances.
The Corporation's mission and objectives are designed to enable the Corporation to advance the financial interests and development of the Territory and improve the market identification of the Northern Territory in both domestic and international capital markets.
Mission
The Corporation aims to provide the NT Government with cost effective funding, efficient financial management and reliable service and advice.
Corporate Governance
Under section 4(4) of the Northern Territory Treasury Corporation Act, the Under Treasurer of the Northern Territory Treasury is designated as the Corporation sole and is subject to the direction of the Treasurer of the Northern Territory.
An Advisory Board and an Audit Committee has been established to assist the Under Treasurer with issues relating to the Corporation's operations.
The Advisory Board is constituted to be the Under Treasurer and no more than five other persons appointed by the Treasurer of the Northern Territory. The Board meets quarterly to review and monitor the performance of the Corporation, its business risks and its performance to objectives.
Current Advisory Board members are:
- Jennifer Prince, Under Treasurer
- Anthony Cole AO, Principal, National Practice Leader, W. M Mercer
- Richard V Ryan AO
- John Montague, General Manager, NTTCorp
The Audit Committee is comprised of the two external board members. This committee provides advice to the Under Treasurer on operational issues and in relation to the internal and external audits.
The internal audit function of the Corporation is performed by Deloitte Touche Tohmatsu. The external audit is conducted by the Auditor-General for the Northern Territory.
Structure
NT Treasurer Hon Delia Lawrie MLA  |
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Audit Committee  |
Under Treasurer Mrs Jennifer Prince |
 Advisory Board |
NTTCorp General Manager Mr John Montague |
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Staff |