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Northern Territory Treasury Corporation Annual report 2013-2014



Northern Territory Treasury Corporation Annual report 2013-2014


Department of Treasury and Finance reports; Reports; PublicationNT




Made available via the Publications (Legal Deposit) Act 2004 (NT).




Northern Territory Treasury Corporation -- Periodicals; Finance, Public -- Northern Territory -- Periodicals

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Dept. of Treasury and Finance

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Northern Territory Treasury Corporation28 Compliance NTTC has a high level of compliance and is subject to several audits and review processes during the year. These are undertaken by both internal and external auditors and their focus reflects the importance of risk management and corporate governance. Findings of reviews and audits conducted during the year are reported in Table 12 of this section. Policy and Procedures Formal policy and procedure manuals have been created and provided to all staff members. Policy and procedure manuals are updated annually or as required. Corporate Planning and Reporting Process As an agency of DTF, NTTC links into its strategic planning processes, which develop objectives to guide core business areas in the delivery of government outcomes. Information Act Compliance NTTC is subject to the requirements of the Information Act, which include records management, freedom of information (FOI) and privacy. DTF is responsible for the management of all information requests on behalf of NTTC. Details of information held by NTTC, including an outline of how to make an application under the Information Act, can be found on the website below. NTTC did not receive any requests under the Information Act during 2013-14. FOI requests can be made to the following: Information Policy Officer Department of Treasury and Finance GPO Box 1974 Darwin NT 0801 Telephone: +61 8 8999 6800 Facsimile: +61 8 8999 6150 Email: foi.dtf@nt.gov.au Website: www.treasury.nt.gov.au/ InformationAct External Audit Under section 30 of the NTTC Act, the Auditor-General of the Northern Territory is required to review and audit NTTCs accounts and operating environment. Under section 31, the Auditor-General will issue an audit opinion on NTTCs financial statements and report to the Treasurer and Territory Parliament. The Auditor-General also attends NTTCs AuditCommittee meetings as requested. Internal Audit NTTC has an internal audit function reporting directly to its Advisory Board, Audit Committee and DTFs Senior Executive. The internal auditor, Merit Partners Darwin, in conjunction with Ernst&Young Adelaide, audits NTTCs financial statements and reviews its risk and operational controls environment. Table 12: Audits Undertaken During the Year Function Type Period Internal/External Outcomes 2012-13 Financial Statements Audit 30/06/13 Internal External Unqualified audit opinion Unqualified audit opinion Compliance self-assessment Review 30/09/13 31/03/14 Internal No significant matters identified Information technology controls Audit 30/06/14 Internal No significant matters identified Interim period review Audit 30/06/14 Internal/external No significant matters identified