The Queensland Treasury Annual Report 2018-2019 is an integral part of our corporate governance framework and one of the main tools we use to ensure we are accountable to the Queensland Parliament and the community about our activities.
These annual financial statement requirements include the Minimum Reporting Requirements and assist agencies in the preparation of their financial statements. The requirements provide updates on new and revised accounting policies and standards and additional guidance and advice on the application of such policies and standards.
Our strategic plan outlines how we will achieve our vision to grow the Queensland economy and improve the wellbeing of all Queenslanders.
It reflects our purpose to leverage our Government-wide perspective to provide trusted, impartial and influential advice and services to clients, and partner for better outcomes in matters relating to the economy and state finances, revenue and commercial services and support for fair, safe and productive workplaces.
The Deputy Premier and Treasurer, the Honourable Jackie Trad MP, delivered the Budget speech in Parliament on Tuesday 11 June 2019. The Queensland Government produces several documents to communicate the key elements of the State Budget. The suite of budget papers includes:
Annual Leave Central Scheme Guidelines provide all member agencies with an overview of the operations of the Annual Leave Central Scheme, including the establishment and ongoing operations of the scheme.
The Air Travel Indemnity Policy provides an ex gratia payment for Queensland Government employees who have received permanent injuries or have been killed in an aircraft accident whilst on official duties.
Long Service Leave Central Scheme Guidelines provide details on scheme membership, LSL levy and claim processes and member agencies reporting responsibilities.
The Cash Funding Profile Guidelines are used by Queensland Treasury and Trade to make appropriation payments to agencies, determine the timing of payments from agencies to the Consolidated Fund, determine requirements for additional appropriation to meet unforeseen expenditure under the provisions of the Financial Accountability Act 2009, and manage the State’s short and long term cash requirements.
Departments and statutory bodies must comply with the Non-Current Asset Policies for the Queensland Public Sector (NCAP) which sets out policies designed to assist the development of a framework for the identifying, acquiring, maintaining, disposing, valuing or revaluing, recording and writing-off assets.
The Non-Current Asset Policies for the Queensland Public Sector (NCAP) on this web page are mandatory for departments and statutory bodies (for reporting periods beginning on or after 1 July 2017). It is expected that agencies will adopt processes for their circumstances and operational characteristics.
Queensland Treasury has issued the revised Guidelines for Machinery of Government (MOG) changes. Please complete and sign the Machinery of Government transfer sign-off form and return it to your Treasury Analyst once the transfer amounts have been agreed.
Primarily, a MOG change is the formal transfer of functions from one department to another. Although these guidelines focus on the official MOG changes to departmental functions, the principles may also be applied to other Government directed transfers such as functions transferred to, from or between statutory bodies or Government Owned Corporations.
An example is available to assist departments completing the MOG transfer sign-off form. The example is located on Treasury’s Tridata web page under ‘Support’ and then ‘Downloads’.
The purpose of the Company Financial Reporting policy is to outline the annual financial reporting requirements for Public Sector companies established under the Corporations Act 2001.
This policy has been revised in September 2017 and is effective for reporting periods beginning on or after 1 January 2018.
Under section 19(4) of the Financial and Performance Management Standard 2009, each accountable officer must implement systems for credit card facilities that are consistent with this document.
The Project Commencement Approval policy outlines the approvals required by a department prior to commencing a high-value project. Compliance with this policy is mandated by Cabinet decision.