NSW Treasury governance and policies

• Code of Ethics and Conduct (PDF 614.65KB)
• NSW Fraud and Corruption Control System (PDF 416.04KB)
• NSW Treasury Compliance Incident Reporting Policy (PDF 699KB)
• Internal Audit and Risk Management in Treasury (PDF 836.02KB)
• Conflicts of Interest Policy (PDF 848.14KB)
• Procedure for managing formal access requests under the Government Information (Public Access) Act 2009 (PDF 465.3KB) 
• Public interest disclosures internal policy (PDF 972.35KB)
• Privacy Management Plan and Guidelines (PDF 1.21MB)
• NSW Treasury Data Breach (Privacy) Policy (PDF 506.87KB)

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As well as behaving in line with our values, all commercial partners and suppliers will need to follow our principles when doing business with us:

• comply with the relevant NSW Government procurement frameworks, policies, and codes of practice and act ethically, fairly and honestly in all dealings.
• not offer Treasury employees, contractors and consultants any financial incentives or any gifts, benefits, or hospitality that is not in-line with ourGifts and Benefits Policy (PDF 708.28KB).
• don't discuss NSW Treasury in the media prior to obtaining approval
• prevent the disclosure of confidential Treasury information and protect our intellectual property
• fulfil our reasonable requests for information or support
• remain open and thorough regarding business undertaken and supply chains utilised
• manage business risks to the satisfaction of NSW Treasury
• declare potential, perceived, or actual conflicts of interest as soon as they become known
• assist NSW Treasury to prevent fraud, corruption and unethical practices in business relationships by reporting wrongdoing (refer to practical guidelines below).

We are committed to the core public sector values of integrity, trust, service and accountability as well as the Code of Conduct (PDF 614.65KB) and are expected to:

• comply with all relevant federal and state laws, and NSW Government policies, procedures and practices 
• make sure that decisions and actions are reasonable, fair and appropriate to the circumstances
• comply with the principles outlined in the Code of ethics and conduct (PDF 614.65KB)
• not disclose any confidential or commercially sensitive information unless required by law, government policy, or as otherwise needed
• maintain a culture of ethical behaviour with fair and professional treatment of all stakeholders
• promote the integrity and reputation of the public sector by always acting in the public interest and not act in a way that would negatively impact the public sector's reputation
• use public resources responsibly
• investigate any reports of unethical or corrupt behaviours
• document all key procurement activities and decisions to allow for review of the procurement process and selections
• treat all potential suppliers or contractors with fairness, transparency, and remain free from bias
• respond and provide service to clients and customers, with all necessary and appropriate assistance in within the agreed service standards.

Contractors and suppliers can advance their business opportunities and interests in a fair and ethical way by complying with the basic principles of honest management as well as the NSW Procurement board’s procurement policy framework, and this Business Ethics Statement. 

Not complying with the requirements outlined in this Statement of business ethics could lead to:

• termination of contracts
• loss of future work
• loss of reputation
• investigation for corruption
• matters being referred for criminal investigation.

Commercial partners and suppliers should not offer or give gifts to NSW Treasury employees.  We will decline gifts, benefits, or travel offered during the time of our work that may have or perceive to have an impact on our independence. We never accept cash gifts (or equivalent, for example, gift vouchers).

We may participate in some small forms of hospitality where: 

• a clear underlying business purpose exists
• it is in the normal course of business
• relates to the work of NSW Treasury
• is disclosed by the employee. 

Modest hospitality could include attendance or participation in industry events such as conferences or seminars.

Any offers, acceptance, and non-acceptance, of gifts, benefits and hospitality are required to be disclosed by us in accordance with the Gifts and Benefits Policy (PDF 708.28KB).

We acknowledge that judgement by commercial partners/suppliers, employees, and Treasury management needs to be used regarding the offer and acceptance of hospitality – it must be modest (both actual and in perception) and not with obligation.

It must also not be offered at a time that could result in a perception of, or actual conflict of interest (for example during a tender or contract negotiation period).  Once an offer is made and an employee chooses to accept this it is at the discretion of the employee’s direct manager and the Director of Audit and Risk whether the above criteria has been met, and whether acceptance of the gift is in line with policy.

We must disclose any actual, perceived or potential conflicts of interest. This includes those that can, or could, arise from personal relationships between NSW Treasury employees and staff of commercial partners and suppliers.

This requirement is extended to all NSW Treasury commercial partners and suppliers, refer to our Code of ethics and conduct (PDF 614.65KB).

We are expected to put the work of NSW Treasury ahead of any other private or secondary employment interests. We must get the approval of management before we enter into any private or secondary employment arrangement. This will not be approved if it could create an actual or perceived conflict of interest between the employee’s public official role and their private interests.

Commercial partners and suppliers must not offer NSW Treasury employees private employment which conflicts with their public duties.

Non-NSW Treasury employees must not make any public comment or statement that would lead anyone to believe that they are representing NSW Treasury. They can't express the NSW Treasury views or policies whether at public and community meetings, via the media, or when it is reasonable that comments or statements will become known to the public.

NSW Treasury employees are not permitted to provide public endorsement, on NSW Treasury’s behalf, of companies or their products.

NSW Treasury does not tolerate corrupt conduct, maladministration, serious and substantial waste of public money, government information contravention, and other forms of serious wrongdoing. NSW Treasury commercial partners and suppliers must report all information that they become aware of, which indicates on reasonable grounds potential serious wrongdoing by NSW Treasury and its related entities.

Individuals and corporations (and employees or officers of these corporations) engaged by NSW Treasury under a contract to provide services to, or on behalf of, NSW Treasury are classified as ‘public officials’ under the Public Interest Disclosures Act 2022. The Act protects public officials from reprisal or detrimental action when disclosing corrupt conduct or other specific wrongdoing in line with requirements of the Act.

To be protected, reports must be made to Disclosures Officers, Disclosures Coordinators, or the Principal Officer (the Secretary).

NSW Treasury treats any breaches of its obligations seriously. If you suspect a possible breach of any conduct that could involve fraud, corrupt conduct, maladministration, or serious and substantial waste of public funds, NSW Treasury encourages you to make a report.

Make a report.

Under section 81 of the Public Interest Disclosures Act 2022 we must publish on our website entities that we have entered into an arrangement where we perform on behalf of another entity the following Public Interest Disclosures functions:

• the function of receiving voluntary public interest disclosures
• the function of dealing with voluntary public interest disclosures by investigating relevant serious wrongdoing
• the provision of training under section 48.

The following entities within the Treasury portfolio that have entered into arrangements are:

• Electricity Assets Ministerial Holding Corporation        
• Electricity Transmission Ministerial Holding Corporation          
• Epsilon Distribution Ministerial Holding Corporation   
• Alpha Distribution Ministerial Holding Corporation      
• Liability Management Ministerial Corporation 
• Ministerial Holding Corporation            
• Port Botany Lessor Ministerial Holding Corporation     
• Port Kembla Ministerial Holding Corporation
• Port of Newcastle Ministerial Holding Corporation       
• Ports Asset Ministerial Holding Corporation.