Letter of Compliance

30 August 2023
The Honourable Cameron Dick MP
Treasurer and Minister for Trade and Investment
1 William Street
Brisbane Qld 4000

Dear Treasurer

I am pleased to submit for presentation to the Parliament the Annual Report 2022–2023 and financial statements for Queensland Treasury. 

I certify that this Annual Report complies with: 

  • the prescribed requirements of the Financial Accountability Act 2009 and the Financial and Performance Management Standard 2019 
  • the detailed requirements set out in the Annual report requirements for Queensland Government agencies. 

A checklist outlining the annual reporting requirements is provided at page 109-110 of this annual report. 

Yours sincerely

Maryanne Kelly
Acting Under Treasurer

Compliance Checklist

Summary of requirement Basis for requirement Annual report reference
Letter of compliance A letter of compliance from the accountable officer or statutory body to the relevant Minister/s ARRs – section 7 Page 108
Accessibility Table of contents ARRs – section 9.1 Page 1
Glossary Page 111
Public availability ARRs – section 9.2 Inside front cover
Interpreter service statement Queensland Government Language Services Policy

ARRs – section 9.3

Inside front cover
Copyright notice Copyright Act 1968

ARRs – section 9.4

Inside front cover
Information Licensing QGEA – Information Licensing

ARRs – section 9.5

Inside front cover
General information Introductory Information ARRs – section 10 Pages 2, 4, 5
Non-financial performance Government’s objectives for the community and whole-of-government plans/specific initiatives ARRs – section 11.1 Page 5
Agency objectives and performance indicators ARRs – section 11.2 Pages 10-13
Agency service areas and service standards  ARRs – section 11.3 Pages 6-9
Financial performance Summary of financial performance ARRs – section 12.1 Pages 23-29
Governance – management and structure Organisational structure  ARRs – section 13.1 Pages 14-15
Executive management ARRs – section 13.2 Page 16
Government bodies (statutory bodies and other entities) ARRs – section 13.3 Page 17
Public Sector Ethics  Public Sector Ethics Act 1994

ARRs – section 13.4

Page 17
Human Rights  Human Rights Act 2019

ARRs – section 13.5

Page 17
Queensland public service values ARRs – section 13.6 Page 20
Governance – risk management and accountability Risk management ARRs – section 14.1 Page 18
Audit committee ARRs – section 14.2 Page 17
Internal audit ARRs – section 14.3 Page 18
External scrutiny ARRs – section 14.4 Page 18
Information systems and recordkeeping ARRs – section 14.5 Page 19
Information Security attestation ARRs – section 14.6 Page 19
Governance – human resources Strategic workforce planning and performance ARRs – section 15.1 Page 20
Early retirement, redundancy and retrenchment Directive No.04/18 Early Retirement, Redundancy and Retrenchment 

ARRs – section 15.2

Page 22
Open Data Statement advising publication of information ARRs – section 16 Page 22
Consultancies  ARRs – section 31.1
Overseas travel ARRs – section 31.2
Queensland Language Services Policy ARRs – section 31.3
Financial statements Certification of financial statements FAA – section 62

FPMS – sections 38, 39 and 46

ARRs – section 17.1

Page 102
Independent Auditor’s Report FAA – section 62

FPMS – section 46

ARRs – section 17.2

Pages 103-107

FAA Financial Accountability Act 2009
FPMS Financial and Performance Management Standard 2019
ARRs Annual report requirements for Queensland Government agencies


Build-to-Rent Pilot Project

A joint Queensland Government and development sector project, which aims to deliver affordable rental housing through new Build-to-Rent developments–usually large-scale residential properties specifically designed, built and managed for long-term rental.

Fine Modernisation Program

The modernisation program aims to improve efficiency and effectiveness of fine administration and the debt-collection system across the Queensland Government.

Invested in Queensland Program

An initiative under the Queensland Jobs Fund. Through the program, Queensland Treasury is engaging with industry on high impact projects to create jobs. We are working with qualified investors, primarily medium-sized and large organisations, on significant projects that align with the government’s priorities.

Low Emissions Investment Partnerships Program

This program is designed to accelerate least cost emissions reductions and capitalise on collaborative opportunities, with partnerships through bilateral agreements and co-investment in established emission reduction strategies. Reducing emissions from the state’s largest emitting facilities, with an initial concentration on the metallurgical coal industry, is the focus.

Machinery of government change

A machinery of government change is the formal transfer of functions from one agency (usually a department) to another, made by Administrative Arrangements Orders and Departmental Arrangements Notices published in the Government Gazette.

National Housing Accord

A landmark agreement between all levels of government, institutional investors and the construction sector to address the supply and affordability of housing.

National Skills Agreement / National Agreement for Skills and Workforce Development

The National Agreement identifies the long-term‑ objectives of the Commonwealth Government and the state and territory (states) governments in the areas of skills and workforce development.

National Injury Insurance Agency (Queensland)

The National Injury Insurance Scheme, Queensland (NIISQ) funds necessary and reasonable treatment, care and support for people who have sustained an eligible serious personal injury in a motor vehicle accident in Queensland, on or after 1 July 2016.

Natively digital

Originating in a digital format

Nominal Defendant

The Nominal Defendant is a statutory body established under the Motor Accident Insurance Act 1994 (MAI Act) for the purpose of compensating people who are injured as a result of the negligent driving of unidentified and/or uninsured (no Compulsory Third Party (CTP) insurance) motor vehicles.

Queensland Critical Minerals and Battery Technology Fund

The Queensland Fund supports businesses across the critical minerals supply chain, from mining stage to the development of processing facilities and/or infrastructure, including the development and manufacturing of critical minerals, battery technology and advanced materials to position Queensland for the next critical minerals resources boom.

Queensland Investment Corporation

Created in 1991 by the Queensland Government to serve its long-term investment responsibilities.

Queensland Revenue Office

A group within Queensland Treasury responsible for collecting state taxes and royalty, administering home owner grants, and collecting and enforcing unpaid fines and penalties.


A royalty is a legally binding payment made to an individual or agency for the ongoing use of their assets, including natural resources.

State Penalties Enforcement Registry

State Penalties Enforcement Registry (part of the Queensland Revenue Office), collects and enforces unpaid infringement notice fines, court-ordered monetary fines and offender recovery orders issued in Queensland.

Queensland Competition Authority

An independent statutory authority that promotes competition as the basis for enhancing efficiency and growth in the Queensland economy.

Trade and Investment Queensland

Trade and Investment Queensland is the Queensland Government’s dedicated global business agency, helping Queensland exporters take their products to world
markets and promoting Queensland as the perfect place for investment.



Audit and Risk Management Committee


Chief Finance Officer


Executive Leadership Team


Employee value proposition


Full-time equivalent (refers to the number of employment hours considered full-time)


Government-owned corporation


Motor Accident Insurance Commission


Minimum obligatory human resource information (used to inform the Queensland public sector workforce profile)


Machinery of government


Queensland Audit Office


Queensland Treasury Holdings


State Penalties Enforcement Registry

Last updated: 28 September 2023