392 results found
  • Investor Confidence Rating - Quality of Long Term Investment Plans

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    The requirement for long term investment plans (LTIPs) is set out in Cabinet Office circular CO(15)5. A Long Term Investment Plan is a strategic planning document with a planning horizon of at least 10 years (for investment intensive agencies). It...

  • Investor Confidence Rating - Organisational Change Management Maturity

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    Managing organisational change is challenging and often critical to the success of projects and programmes. The Treasury has included an organisational change management maturity assessment as an important aspect of investment management. ...

  • Investor Confidence Rating - Benefits Delivery Performance

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    A project or programme cannot be deemed successful without delivering its benefits. The benefits performance assessment will be based on evidence of the extent to which actual benefits met the expected benefits from those investments as set out in...

  • Investor Confidence Rating - Project Delivery Performance

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    Managing projects and programmes well and delivering them within time, scope and budget is essential to ensure value from investments and best use of resources. Project delivery performance measures the extent to which the investment met the schedule,...

  • Investor Confidence Rating - Asset Performance

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    Asset performance information allows an agency to assess how well its assets are performing to meet its expectations and objectives (levels of service). This is important because it provides an indication of the performance of the government balance...

  • Investor Confidence Rating - System Performance (compliance)

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    Investment choices and decisions need to be informed by disciplined processes across the system and agency level in order to optimise value generated from new and existing investments, increase the efficiency and effectiveness of the investment...

  • Affording Our Future

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    Affording Our Future, the Treasury's 2013 Statement on the Long-Term Fiscal Position, was published on 11 July 2013. The Public Finance Act (1989) requires the Treasury to produce a Statement on the Crown's Long-Term Fiscal Position at least every four...

  • Statutes repeal

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    Information about the Government's programme to repeal redundant laws. A Statutes Repeal Bill was introduced on 6 September 2016 and enacted on 2 June 2017. It repealed 128 spent Acts, and partially repealed a further 9 Acts. All of the listed Acts and...

  • Guidance for Public Benefit Entities Reporting Under Crown Accounting Policies and PBE Standards

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    The new accounting framework changes mean that from 1 July 2014, public sector PBEs report against a new suite of PBE standards. This new suite is made up of mainly International Public Sector Accounting Standards (IPSASs), modified where appropriate for...

  • Regulatory management strategy

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    “Building Effective Regulatory Institutions and Practices” is the government’s strategy for the development of its regulatory management system. The strategy, which was published by the government in April 2017, provides: an overview of the current...

  • Guidance for For-Profit Entities Reporting under Crown Accounting Policies and PBE Standards

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    One of the challenges arising from the new accounting framework is that of mixed group reporting.  This arises where a consolidated group contains both for-profit entities that report under NZ IFRS standards and public benefit entities (PBEs) that...

  • Impact Analysis Requirements for Regulatory Proposals

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    Cabinet's Impact Analysis Requirements support and inform the government's decisions on regulatory proposals. They are both a process and an analytical framework that encourages a systematic and evidence-informed approach to policy development. The...

  • Quality assurance of RIS

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    All Regulatory Impact Statements (RIS) must be independently quality assured against the Quality Assurance criteria set out on the Treasury website.  Cabinet’s Impact Analysis Requirements as detailed in CO (20) 2 directs that “ The Quality...

  • Investor Confidence Rating – Procurement Capability Index

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    An agency’s ability to procure service-critical goods and services, manage suppliers and providers and work with markets and sectors is an essential part of good investment and asset management. The Procurement Capability Index (PCI) is managed and run...

  • Investor Confidence Rating - Guidance

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    More information on the Investor Confidence Rating can be found in the guidance below: Guidance on the Investor Confidence Rating: Overview based on the requirements in Cabinet Office Circular CO (15) 5: Investment Management and Asset...

  • Better Public Services

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    Better Public Services focuses on the State Services working better to deliver improved results for New Zealanders. Better Public Services seeks to retain the strengths of our State services while addressing weaknesses such as fragmentation, government...

  • Implementation, Management, Monitoring Guidance

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    Departments are responsible for ensuring that expenditure of public money is managed efficiently.

  • Departmental Internal Control Evaluation (DICE)

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    During 2013 the Treasury implemented a new process for gaining assurance on the internal control environment in departments (CIPFA TICK). CIPFA TICK replaced the previous assurance process, Departmental Internal Control Evaluation (DICE). While DICE...

  • Departments and Offices of Parliament

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    Information relevant to departments and Offices of Parliament in the New Zealand state sector. The Treasury's Role Treasury has a number of roles and responsibilities in relation to Government departments and Offices of Parliament. These range from...

  • Discount Rates and CPI Assumptions for Accounting Valuation Purposes

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    The Treasury publishes here a table of risk-free discount rates and consumer price index (CPI) assumptions that must be used in certain accounting valuations for the purpose of preparing the Financial Statements of the Government of New Zealand. This...

  • Public Benefit Entities (PBE)

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    This page contains information and guidance on Public Benefit Entities. Public benefit entities are defined in each standard as: “reporting entities whose primary objective is to provide goods or services for community or social benefit and where any...

  • About this site

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    Government Web Standards The Treasury website has been re-designed to allow the Treasury to work towards compliance with New Zealand Web Standards and Recommendations for public sector web sites. New Zealand Web Standards and Recommendations In...

  • Accessibility

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    Information on this web site's accessibility features, including access keys. See About This Site for information on this site's finding aids such as search and the sitemap. Access Keys Access keys are a navigation device enabling you to get around...

  • Using PDF Files

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    How to download and use the Adobe PDF files available on this site. PDF (Portable Document Format) The PDF format is used on the Treasury web site to enable site users to view, download and print publications and documents largely as they appear in...

  • Using MS Excel Files

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    How to download the MS Excel files available on this site. MS Excel Format Files in MS Excel format are used on the Treasury web site to enable site users to view and use data and Treasury's models in spreadsheets.  The types of data...

  • Developing a Cost Recovery Proposal

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    The government produces a range of services to individuals and private businesses through statutory authority and in some cases enables the costs of these services to be recovered from users. In doing this, the users and public should be assured that the...

  • Request for Information - Budget 2015

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    The Government wants to improve the lives of New Zealanders most in need. To help identify what we could do to make the biggest difference for the hardest to reach children and their families, the Treasury released a Request for Information (RFI) for...

  • Government 2018 Revenue Strategy

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    The Government’s Revenue Strategy This revenue strategy sets outs the Government’s objectives for the tax system and tax policy, in the context of its economic and fiscal strategies. Economic Strategy The Government is committed to improving the well-...

  • FAQs Relating to the Administrative and Support Services Benchmarking Report for the Financial Year 2010/11

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    These frequently asked questions are available in Adobe PDF and HTML formats. Using PDF Files Date Created by Document Download 7 Mar 2012 The Treasury FAQs Relating to the Administrative and Support...

  • Overview of the Public Sector PBE Standards

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    The approach used by the New Zealand Accounting Standards Board (NZASB) to develop the PBE Standards. The NZASB (a sub-board of the External Reporting Board) used the following approach to develop the Public Sector PBE Standards and the PBE Standards...

  • Forecasts

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    The Treasury's forecasts for Government finances and the economy are published in Budget documents titled Economic and Fiscal Updates (EFUs). The Economic and Fiscal Updates provide a detailed statement of the Government's financial position including...

  • Using MS Powerpoint Files

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    Information about using the MS Powerpoint files available on this web site. MS Powerpoint Format Files in MS Powerpoint format are occasionally provided in order to allow users to access the presentation slides that have been used by Guest...

  • Is Capital Charge a Financial Instrument or Expense?

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    NZ IFRS define what a financial instrument is and whether an instrument is a financial asset, financial liability or equity (these definitions are currently in NZ IAS 32). There are no equivalent definitions in current GAAP. However, the definitions...

  • Monthly economic indicators

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    The Monthly Economic Indicators (MEI) publication is a stock-take of economic data releases. The MEI is prepared by the Forecasting and Monitoring team in the Treasury. The MEI includes a commentary on the major data releases over the previous month and...

  • Better Business Cases - Investing for Change for Better Value

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    BBC is a structured way that stakeholders can work and think together to provide a business case, with fit for purpose analysis, which gives confidence to decision makers that investing in a proposed programme or project is justified because: there is...

  • Discount Rates

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    In addition to the general guidance in our cost benefit analysis guide, the Treasury also provides specific guidance on the discount rates to be used in economic analyses. These are set out below.  A technical document outlining how the discount...