Output EBT 1 Territory Banking Account
Overview
The Territory Banking Account (TBA) was established to recognise and manage the general Government's investment assets and debt liabilities. Revenues on behalf of the Territory were transferred to the TBA and fortnightly appropriation disbursements are made to agencies from the TBA. The directorate, through the financial operations of the TBA, provided 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 2015-16 the directorate:
- managed the TBA investment portfolio in accordance with the established investment plan and policies;
- achieved a net investment portfolio return performance that exceeded the performance benchmark return;
- managed the Territory's borrowing program, including cash flow and liquidity requirements; and
- established a new Territory benchmark bond borrowing in the form of a fixed rate nominal bond ($525 million face value), May 2026 maturity.
The directorate met all its 2015-16 accountability targets against this output.
Future Direction
In 2016-17, the directorate will:
- manage the Territory borrowing program;
- manage the Investment Plan and the financial investment assets of the TBA; and
- procure external investment management related service providers as required.
For further information contact:
Patrick McAuliffe
Director
Asset Liability Management
+61 2 6207 0187
Patrick.McAuliffe@act.gov.au
