TC16-06 Agency guidelines for the 2015-16 Mandatory Annual Returns to Treasury

From 1 June 2016 NSW public sector agencies, including State Owned Corporations are required to comply with new guidelines for Annual Returns to Treasury set out in TC16-06.

The guidelines are mandatory for all NSW public sector agencies, including State Owned Corporations that are required to submit TOES returns.  The guidelines set out Treasury’s requirements for the preparation and submission of year-end financial statements as well as various returns to Treasury and Crown to support the information presented in the Total State Sector Accounts as at 30 June 2016.

In brief, agencies are required to submit to Treasury for the 2015-16 year:

• Crown Data Returns by 15 July 2016.
• Preliminary Annual Returns by 25 July 2016.
• Supplementary schedules to the Annual Returns and Resolution of Emerging Issues previously advised to Treasury by 27 July 2016.
• Revisions to Preliminary Annual Returns by 25 August 2016

Agencies must develop a detailed plan with key stakeholders including the Audit Office and allow sufficient time for management review and involvement of Audit and Risk Committees. See: http://arp.nsw.gov.au/tc16-06-agency-guidelines-2015-16-mandatory-annual-returns-treasury for details.

Centium is well positioned to assist your agency in preparing its Annual Returns to Treasury, or reviewing them for completeness and accuracy. As IAB, we were recognised as the market leader for improving the public sector for 30 years. As Centium, we strive even higher. We are able to offer our clients a highly experienced and professional team. See www.centium.com.au/people/our-team/

Contact any of our Directors to discuss your needs on 1300-BEST-100 or email info@centium.com.au to discuss assistance that can be provided for Mandatory Annual Returns to Treasury for your agency.