The Secretary to the Treasury is responsible for the Treasury. The Treasury’s leadership is delivered through the Executive Leadership Team and Kaiurungi. The Treasury uses a range of internal advisory boards to challenge its thinking and decision making.
Members are appointed by the Secretary to the Treasury to provide a range of perspectives and expertise. Details of each advisory body are given below:
- The Risk and Audit Committee. The Risk and Audit Committee has an independent chair and four additional external members. It provides advice to the Secretary to the Treasury on the effectiveness of risk management and internal control systems, processes and activities across the Treasury. Current members are Lyn Provost (Chair), Linda Robertson, Sandi Beatie, Ben Palmer and Michael Crawford.
- FSG Audit Committee. This is an advisory committee that provides advice and observations to the Secretary to the Treasury relating to key issues and risks that affect the production and audit of the Financial Statements of the Government (FSG). The Committee is chaired by an independent chair – Iain Rennie – and with three additional external members – Souella Cumming, Wendy Venter and Mike Blake.
Capital Markets Advisory Committee. The Capital Markets Advisory Committee (CMAC) provides independent perspectives and advice to the Treasury’s Executive Leadership Team. The committee offers challenge to functions that effect financial outcomes related to debt management, export credit, treasury services and supporting functions. This includes strategy and prioritisation, business performance, strategic and business risk management, control and compliance functions and assurance framework.
The committee will also consider appropriate strategic targets and key performance indicators for the Treasury's New Zealand Debt Management Directorate and New Zealand Export Credit team, as well as monitoring and advising on the performance against them.
Current members of CMAC are: Martin Jones, Debbie Birch, Linda Robertson, Michael Allen, Phillip Anderson and Leilani Frew (Chair).