392 results found
  • Think: Investment Possibilities

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    Introduction In our experience, the more time and effort put into thinking early in the process, the better the investment process goes. If your government agency is giving serious consideration to a major investment or upgrade, then you should engage...

  • Data collection process

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    Since 2012, the Treasury has sought greater oversight of the portfolio of government projects by collecting data on significant project and programme intentions and initiatives underway. The Government Project Portfolio team established and maintains a...

  • Government project portfolio

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    The Government Project Portfolio work provides oversight of what is planned and underway in the State sector. This includes significant non-capital projects and programmes as well as major capital investments. The Treasury leads this oversight work in...

  • Risk profile assessment

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    Completing a Risk Profile Assessment (RPA) is an essential early step in the investment management process. What is a Risk Profile Assessment? The Risk Profile Assessment (RPA) is a tool that calculates the inherent risk of a project or programme based...

  • Plan: investment choices

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    The Plan phase examines how to translate the Think to the Do. A business case is the vehicle to demonstrate that a proposed investment is strategically aligned, represents value for money, and is achievable. A business case turns an idea (think) into a...

  • Better Business Cases™ (BBC)

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    See Better Business Cases 2019-2020 refresh: Update #5, September 2020 to find out what's recently changed. The objective of Better Business Cases is to provide objective analysis and consistent information to decision-makers, to enable...

  • Asset performance reporting

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    Robust performance information is vital to effective asset management. It allows an organisation to assess how well it is meeting its expectations and objectives, both at an organisational and asset level. It provides a method for comparing performance...

  • Government Statement on Regulation Information Release

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    The Treasury has released background material relating to the Government Statement on Regulation. The government issued the Government Statement on Regulation: Better Regulation, Less Regulation on 17 August 2009. Documents Release documents listed...

  • Guidance for Entities

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    Owner's Expectations  Owner’s Expectations: Expectations for Crown companies and entities monitored by the Treasurypdf2.51 MB This document outlines Ministers' expectations for the boards of the companies and entities for which the...

  • Board appointments

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    The Treasury's Governance and Appointments team provides advice to Shareholding Ministers and Responsible Ministers on candidates suitable for appointment to the boards of entities such as State-owned enterprises, the Crown financial institutions, other...

  • What we look for

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    Every board vacancy creates an opportunity to assess the needs of the board and the entity. While particular skills and expertise is a likely requirement for a specific position, candidates should also be aware of generic eligibility criteria for the...

  • Terms of appointment

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    While candidates should undertake due diligence on boards they may have an interest in, they should also be aware of the generic terms and conditions of any proposed appointment. Below are some of the areas candidates need to consider. Duration of...

  • Appointment-only entities

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    There are some boards and bodies where the Treasury manages only the board appointment function. Crown Forestry Rental Trust The Crown Forestry Rental Trust works to expedite the settlement of Māori claims against the Crown, which involves, or could...

  • Application process

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    The Treasury operates an online database where candidates can express an interest in board positions, and upload and maintain their cv. How to register To register for the first time, go to the online Treasury Board Appointments System...

  • Current Directors

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    The Treasury advises Ministers on board appointments. A list of current directors can be found below. Refer here for details on Portfolio of companies and entities.

  • Budgets

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    An overview of the New Zealand Government's Budget process and links to the most recent Budget documents as well as links to past Budgets. The Treasury's Role The Treasury helps in the preparation of the government's annual Budget by:...

  • Revenue Effect of Changes to Key Tax Rates, Bases and Thresholds for 2019/20

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    Budget 2020 update - 14 May 2020 Due to the impact of the COVID-19 pandemic and the resulting uncertainty in projections, the Treasury is not in a position to update the Estimates of Revenue Effects of Small Tax Rate and Tax Base Changes for Budget...

  • Estimates of Revenue Effects of Small Tax Rate and Tax Base Changes

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    Budget 2020 update - 14 May 2020 Due to the impact of the COVID-19 pandemic and the resulting uncertainty in projections, the Treasury is not in a position to update the Estimates of Revenue Effects of Small Tax Rate and Tax Base Changes for Budget...

  • What We Earn

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    Overview of information about government revenue on the Treasury website, including tax outturn data. What are the Government's main sources of revenue? The Government's main sources of revenue come from tax, levies, fees, investment income and from...

  • Fiscal strategy model

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    The Fiscal Strategy Model (FSM) projects the financial performance and the financial position of the government over a medium-term horizon and is published with the latest Economic and Fiscal Update. Fiscal Strategy Model Projections The principal...

  • Financial Reporting Policies and Guidance

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    The reporting and review phase involves reporting on performance and financial outcomes and assessing the effectiveness and efficiency of interventions. Performance and Financial Management Cycle

  • Planning Guidance on the Public Sector Performance and Financial Management System

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    The planning stage involves identifying options, implications and resource requirements; allocating resources; and developing an implementation plan. Performance and Financial Management Cycle Identifying Options Better Business Cases Cost...

  • Appropriations and Reportable Outputs

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    Guidance on appropriations and reportable outputs, including the performance planning information that is required on these types of expenditure each financial year. What are appropriations? Appropriations are the basis on which Parliament authorises...

  • Costing of Political Party Policies

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    The following is a set of high-level guidance on how to cost political party policy proposals. The Treasury aims to facilitate a consistent approach to costing policy proposals across the public sector. Introduction Required to Follow Agreed...

  • New Zealand Government Asset Sales as at 30 September 1999 - Completed Sales

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    New Zealand Steel The decision to sell the Crown's interest in New Zealand Steel was announced in 1986. In October 1987 the Government signed a contract with Equiticorp for a sale price of $327 million. The cash proceeds were received on 22 March 1988...

  • New Zealand Superannuation (NZS)

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    New Zealand Superannuation (also known as the pension, National Super or Super) is a benefit paid by the Government to New Zealanders once they reach the qualifying age (currently 64 or 65). The Government pre-funds a portion of its future New Zealand...

  • What We Own

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    Overview of information about government assets on the Treasury website. What assets does the Government own? The Government's assets range from commercial forests, property, plant and equipment to intangible assets. Some of the Government's largest...

  • Revenue and expenditure

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    This is an overview of information about government's revenue and expenditure (spending) on the Treasury website. Revenue The following is an overview of information about government revenue on the Treasury website, including tax outturn data....

  • Assets and liabilities

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    The Treasury has key responsibilities for the monitoring, oversight, and policy implementation of the Crown's assets as well as managing the Governments borrowing programme. The Treasury's Role Assets The Treasury's responsibilities in relation...

  • Long-term fiscal position

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    The Treasury uses its Long-term Fiscal Model to project the state of the government finances and is required to produce at least every four years a statement on the long-term fiscal position of the government that covers a period of at least 40 years....

  • Fiscal strategy

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    Fiscal policy is one tool a government has to achieve its economic and social objectives. The operation of fiscal policy is governed by the Public Finance Act 1989 (PFA). Fiscal Strategy of the Government The Government's fiscal priorities are set out...

  • Social Investment Information Releases

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    The Treasury has released a report on governance and accountability in social investment. This was previously released as an OIA. Document The release documents listed here are available in Adobe PDF format only. HTML versions can be supplied on...

  • Glossary

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    Glossary of terms used on the Treasury website and in Treasury and government publications.  ACC unfunded liability The future cost of past ACC claims, less the asset reserves held to meet these claims. The ACC outstanding claims liability is...

  • Templates, Measures and Guides Library

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    Thank you to New Zealand Defence for providing the following templates. Doc. Date Title View/Download Dec 2015 Benefits Realisation Report nzdf-benefitsrealisation-plan-template.docx (377 KB) Benefits...

  • Investor Confidence Rating - Asset Management Maturity

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    Asset management is the systematic and coordinated activities and practices of an organisation to optimally and sustainably deliver its objectives through the cost-effective lifecycle management of assets[1]. Asset management maturity is the extent the...

  • Investor Confidence Rating – NZP3M Maturity

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    The P3M3® maturity assessment measures the capability and maturity of an organisation to deliver projects, programmes and portfolio(s). The P3M3® assessment was developed by the UK Office of Government Commerce in 2005. The latest version (v3.0)...