Figure 9: Northern Territory Treasury Corporation’s Reporting Structure utilising specialist resources available Strategic Direction to the Corporation. Corporate Objectives Northern Territory Treasury’s The Corporation’s objectives are to: Senior Management Group The Corporation reports to Northern safeguard the Territory’s financial Territory Treasury’s Senior resources by establishing and regularly Management Group (SMG), which is reviewing credit limits and maintaining responsible for the strategic policy adequate internal controls and staffing; direction of Northern Territory reduce the Territory’s cost of borrowings Treasury and its business units. through the effective control and management of its interest rate risk and This includes managing performance to maintain the exposure to interest rate and improving management and risk at an acceptable level; business practices. The main role of SMG is corporate governance and ensure the Corporation’s continued developing corporate capabilities, such ability to meet the Territory’s finance as people, systems and environment in obligations in an orderly manner, as Northern Territory Treasury. and when they fall due, in both the and long term, through liquidity Northern Territory Treasury’s management; Risk and Audit Committee minimise the Territory’s cost of foreign currency requirements through the Audit and compliance reports submitted to effective control and management of its Northern Territory Treasury’s Senior foreign exchange risk and to remove the Executive are reviewed by Northern exposure to foreign exchange risk; and Territory Treasury’s Risk and Audit Committee. improved risk management strategies through the ongoing The committee oversees the internal evaluation and review of appropriate risk management and compliance risk management techniques by with legislative requirements.
Figure 9: Northern Territory Treasury Corporation’s Reporting Structure Strategic Direction Corporate Objectives The Corporation’s objectives are to: safeguard the Territory’s financial resources by establishing and regularly reviewing credit limits and maintaining adequate internal controls and staffing; reduce the Territory’s cost of borrowings through the effective control and management of its interest rate risk and to maintain the exposure to interest rate risk at an acceptable level; ensure the Corporation’s continued ability to meet the Territory’s finance obligations in an orderly manner, as and when they fall due, in both the and long term, through liquidity management; minimise the Territory’s cost of foreign currency requirements through the effective control and management of its foreign exchange risk and to remove the exposure to foreign exchange risk; and improved risk management strategies through the ongoing evaluation and review of appropriate risk management techniques by utilising specialist resources available to the Corporation. Northern Territory Treasury’s Senior Management Group The Corporation reports to Northern Territory Treasury’s Senior Management Group (SMG), which is responsible for the strategic policy direction of Northern Territory Treasury and its business units. This includes managing performance and improving management and business practices. The main role of SMG is corporate governance and developing corporate capabilities, such as people, systems and environment in Northern Territory Treasury. Northern Territory Treasury’s Risk and Audit Committee Audit and compliance reports submitted to Northern Territory Treasury’s Senior Executive are reviewed by Northern Territory Treasury’s Risk and Audit Committee. The committee oversees the internal risk management and compliance with legislative requirements.
AR-NTTC-1112.docx