Output EBT 2 Territory Banking Account
Overview
The Territory Banking Account (TBA) is established to recognise and manage the general government’s investment assets and debt liabilities. Revenues on behalf of the Territory are transferred to the TBA and fortnightly appropriation disbursements are made to agencies from the TBA.
The directorate, through the financial operations of the TBA, provides services to the government including financial asset and liability management through the establishment of investment and borrowing policies and objectives, and the coordination and implementation of cash management, investment and borrowing activities.
Highlights
Against this output in 2017‐18 the Directorate:
- managed the TBA investment portfolio in accordance with the established investment plan and policies;
- achieved a net investment portfolio return performance that outperformed the performance benchmark return; and
- managed the Territory’s borrowing program, including cash flow and liquidity requirements.
The directorate met all its 2017-18 accountability targets against this output.
Future Direction
In 2018-19 the directorate will:
- manage the Territory borrowing program;
- manage the Investment Plan and the financial investment assets of the TBA; and
- procure external service providers as required.
Further information can be obtained from
Sue Vroombout
Executive Director
Economic and Financial Group
+ 61 2 6205 3216
Sue.Vroombout@act.gov.au
Patrick McAuliffe
Director
Asset Liability Management
+ 61 2 6207 0187
Patrick McAuliffe@act.gov.au