The Treasurer’s Directions are currently being revised and updated. The Treasurer’s Directions on issue comprise a selection of new and existing Treasurer’s Directions. Where a conflict arises within the Treasurer’s Directions, the new Treasurer’s Directions have precedence.

Table of Contents

This Table of Contents provides agencies with guidance on the Treasurer’s Directions that are currently issued and in force.

Framework Series Accounting Series Management of Risk Series
Budget Series Reporting Series Cash Management Series
​​Infrastructure Series Governance Series Corporate Tax Series
Information and Communications Technology Series

  
Directions contained within each Treasurer's Directions section are shown in bold and are displayed within a box. Commentary supporting and explaining each Direction is included below the Direction(s) to which it relates.

Treasurer’s Directions issued and in force are listed below.

Framework Series

This series provides agencies with an overview of the central concepts underpinning the Territory's financial management framework. This series addresses topics such as: an explanation of the framework, description of the key elements, list of definitions and the legislative structure.

F1.  INTRODUCTION

F1-1 Overview

F1-2 Definitions

F2.  WORKING FOR OUTCOMES

F2-1 Overview

F2-2 Central Holding Authority

F3.  LEGISLATIVE STRUCTURE

F3-1 Overview

F3-2 Application

F3-3 Delegations

APPENDIX A:Treasurer's Delegations under the Financial Management Act

APPENDIX B: Treasurer's Delegations for Write-Offs, Losses, Waivers and Postponements
***updated 19 October 2016***

APPENDIX C: Treasurer's Delegations – Commissioner of Taxes

Existing Treasurer’s Directions

Part 1 Section 1 Introduction

Part 1 Section 2 Definitions

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Budget Series

This series outlines the Budget development and management principles and processes, output hierarchy and performance reporting arrangements.

B1.1 The Budget

B1.2 The Budget Process

B1.3 Agency Budget Management

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Infrastructure Series

This series provides agencies with requirements for the development of the Territory's Infrastructure Program, including instruction and guidance for making adjustments to the Infrastructure Program outside of the Budget development process.

I1-1 Overview of the Infrastructure Program

I1-2 Development of the Infrastructure Program

I1-3 Adjustments to the Infrastructure Program

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Accounting Series

The Accounting Series provides agencies with instruction and guidance required for accrual accounting. This series is divided into the accrual accounting elements: assets, liabilities, equity, income and expenses and, where applicable, makes reference to the Australian Accounting Standards.

Copies of the Australian Accounting Standards are available from the Australian Accounting Standards Board internet site (www.aasb.com.au).

Introduction ​Equity
​Income Assets
Liabilities ​Expenses

A1.  INTRODUCTION

A1-1 Accrual Accounting

A1-2 Materiality

A1-3 Standard Classification Codes

A1-4 Corporate Systems

A2.  ASSETS

A2-1 Overview

A2-2 Property, Plant and Equipment

A2-3 Depreciation and Amortisation

A2-4 Revaluation

A2-5 Improvements and Repairs and Maintenance

A2-6 Cash

A2-7 Receivables

A2-8 Inventory

A2-9 Prepayments

A2-10 Impairment of Assets

A2-11 Construction (Work in progress)

A3.  LIABILITIES

A3-1 Overview

A3-2 Accounts Payable and Accrued Expenses

A3-3 Provisions

A3-4 Employee Benefits

A3-5 -

A3-6 Leases

A3-7 Contingent Liabilities

A4.  EQUITY

A4-1 Overview

A4-2 Owner Actions

A5.  INCOME

A5-1 Overview

A5-2 Territory Income

A5-3 Agency Income

A6.  EXPENSES

A6-1 Overview

A6-2 Employee Benefits

A6-3 General Expenses

A6-4 Grants and Subsidies

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Reporting Series

This series provides instruction and guidance in relation to agency, and government business division and whole of government reporting requirements.

R2-1 Agency Financial Statements

Appendix A.1 Agency Financial Statements Proforma – Text and Tables

Appendix A.2 Agency Financial Statements Proforma – Tables only

Appendix B Agency Representation Letter

Appendix C 2016-17 TAFR Representation Letter

R3-1 GBD Financial Statements

Existing Treasurer’s Directions

Part 2 Section 3 Government Financial Reporting

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Governance Series

This series provides agencies with instruction and guidance in relation to responsibilities and accountability for financial management.

G2-2 Internal Control

G2-5 Guarantees and Indemnities

Appendix B

Appendix C

Practice Guidelines: Indemnities for Directors of NTG Controlled Entities | Practice Guidelines: Indemnities for Directors of NTG Controlled Entities​

G3.1 National Partnership Agreements, Project Agreements and Implementation Plans

Existing Treasurer’s Directions

Part 2 Section 2 Trust Money

Part 2 Section 4 Financial and Controlling Interests

Part 3 Section 1 Accountable Officers

Part 3 Section 2 Internal Audit

Part 3 Section 3 Audit Committees

Part 3 Section 4 Evaluation and Review

Part 3 Section 6 Official Travel, Telephones and Hospitality *Incorporated in A6.3 Accounting – Expenses: General Expense *

Part 3 Section 7 Accountable Forms

Part 6 Section 2 Legal and Statutory Arrangements

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Management of Risk Series

This series provides agencies with instruction and guidance in relation to Risk Management and will cover areas such as fraud control, asset and liability management, public/private partnerships and insurance. Currently risk management in relation to assets and liabilities is included in certain Treasurer's Directions sections in the Accounting Series.

M 2-1 Insurance Arrangements

 M2-2 Surety Bonds and Bank Guarantees

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Cash Management Series

This series specifically focuses on cash and the management of risks associated with cash. It also covers areas such as collection of public money, banking arrangements and transaction management.

C1. INTRODUCTION

C1-1 Overview

C2. BANKING ARRANGEMENTS

C2-1 Central Banking Arrangements

C2-2 Bank Accounts

C3. TRANSACTION MANAGEMENT

C3-1 Receipting

C3-2 Payments

C3-3 Corporate Credit Cards

Existing Treasurer’s Directions

Part 5 Section 5 Losses

Part 5 Section 6 Advances

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Corporate Tax Series

Instruction and guidance in relation to tax obligations, including GST, Fringe Benefits Tax, Pay-As-You-Go, fuel schemes and tax equivalents regimes are located in Treasury Circulars.

 

 Existing Treasurer’s Directions

Part 3 Section 8 Tax Equivalents Regimes

Information and Communications Technology Series

The Information and Communications Technology (ICT) series of Treasurer’s Directions specify key internal controls that underpin agencies’ use of ICT. The ICT Series codifies and supports the NT Government ICT Governance Framework and outlines agency accountabilities to effectively govern ICT resources.

ICT1. GOVERNANCE

ICT1-1 Governance – Overview

ICT1-2 ICT Policies and Standards

ICT1-3 ICT Governance Principles

ICT1-4 Agency ICT Governance

ICT2. INVESTMENT

ICT2-1 ICT Investment

ICT3. PROJECT MANAGEMENT

ICT3-1 ICT Project Management