Major internal boards and committees

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Four committees have oversight of specific aspects of the Department’s operations:

Audit and Risk Management Committee;
Financial Assets and Borrowings Management Committee;
Information and Communications Steering Committee; and
Procurement Review Committee.

The Audit and Risk Management Committee supports the governance, audit and risk management activities of the Department. The Committee is responsible for quality assurance of financial management and reporting, and the management of key risks. It maintains a robust internal quality control framework for the whole Department and advises the Executive on the need for changes to the framework or associated processes.

The Financial Assets and Borrowings Management Committee manages the State debt portfolio in line with the Government’s debt management framework. It also has responsibility for managing the State’s financial assets through the repayment of debt on maturity, investing for higher returns, and managing the levels of gross debt and financial assets in accordance with the Government’s Fiscal Strategy.

The main responsibilities of the Information and Communication Steering Committee are ensuring that the information resources of the Department are effective in supporting business processes and extending corporate knowledge and that the processes for capturing, storing, accessing and disposing of information are efficient. The Committee establishes strategic direction in relation to technology infrastructure, applications development and support; the internal and external websites; and information security. It also deals with all information management and communications issues, and makes sure that Treasury complies with whole-of-government initiatives, such as the Tasmanian Government Information Security Charter and Framework.

The Procurement Review Committee reviews the procurement process for all goods and services and for building and construction contracts valued at $50 000 or more. This review takes place before a quotation is accepted or a contract awarded. The purpose is to ensure that the process was fair and equitable and consistent with the principles outlined in the Treasurer’s Instructions.

The following table outlines the membership and meeting arrangements for our other major internal boards and committees.

Board or Committee	Membership	Meeting Frequency
Audit and Risk Management Committee	Deputy Secretary (Chair), Budget and Finance Division Deputy Secretary, Economic and Financial Division Executive Director, Revenue, Liquor and Gaming Division Director, Corporate Support Division Director, Government Finance and Accounting Branch Assistant Director, Finance and Administration Branch (observer) Assistant Director, Government Finance and Accounting Branch (observer)	6 weekly
Cadet Committee	Deputy Secretary (Chair), Economic and Financial Division Director, Government Finance and Accounting Branch Director, Revenue Branch Director, Procurement and Property Branch Assistant Director, Human Resources Branch	Biannually
Climate Change Working Group	Director (Chair), Corporate Support Division Various Branch representatives	Monthly
Corporate Management Group	Secretary (Chair), Department of Treasury and Finance All members of the Executive Committee and all Branch Heads.	Monthly
Executive Committee	Secretary (Chair), Department of Treasury and Finance Deputy Secretary, Budget and Finance Division Deputy Secretary, Economic and Financial Division Executive Director, Revenue, Liquor and Gaming Division Director, Corporate Support Division	Weekly
Financial Assets and Borrowings Management Committee	Deputy Secretary (Chair), Budget and Finance Division Deputy Secretary, Economic and Financial Division Director, Government Finance and Accounting Branch Director, Shareholder Policy and Markets Branch Director, Intergovernment and Financial Policy Branch Principal Financial Analyst, Government Finance and Accounting Branch	Biannually
Information and Communications Steering Committee	Director (Chair), Economic Policy Branch Executive Director, Revenue, Liquor and Gaming Division Director, Corporate Support Division Director, Government Finance and Accounting Branch Director, Information Systems Branch Assistant Director, Corporate Information Support Branch	Monthly
Learning and Development Committee	Director (Chair), Corporate Support Division Executive Director, Revenue, Liquor and Gaming Division Director, Revenue Branch Assistant Director, Procurement and Property Branch Assistant Director, Office of the Secretary Assistant Director, Human Resources Branch Assistant Director, Intergovernment and Financial Policy Branch	Bi-monthly
Major Sales Program Oversight Committee	Secretary (Chair), Department of Treasury and Finance Director, Budget Management Branch Director, Procurement and Property Branch Assistant Director, Procurement and Property Branch	As required
Occupational Health, Safety and Welfare Committee	Assistant Director (Chair), Human Resources Branch Executive Director, Revenue, Liquor and Gaming Division Various Branch representatives	As required
Procurement Review Committee	Director, (Chair) Corporate Support Division Director, Government Finance and Accounting Branch Assistant Director, Finance and Administration Branch Principal Facilities Officer, Finance and Administration Branch	As required
State Revenue Committee	Deputy Secretary, Economic and Financial Division Executive Director, Revenue, Liquor and Gaming Division Director, Budget Management Branch Director, Intergovernment and Financial Policy Branch Director, Revenue Branch Director, Shareholder Policy and Markets Branch Assistant Director, Intergovernment and Financial Policy Branch Senior Policy Analyst, Intergovernment and Financial Policy Branch	Monthly
TOTE Strategy Group	Secretary (Chair), Department of Treasury and Finance Deputy Secretary, Budget and Finance Division Deputy Secretary, Economic and Financial Division Director, Shareholder Policy and Markets Branch Assistant Director, Shareholder Policy and Markets Branch Senior Policy Analyst, Shareholder Policy and Markets Branch	As required
Treasury Economic Forecasting Committee	Secretary (Chair), Department of Treasury and Finance Deputy Secretary, Economic and Financial Division Deputy Secretary, Budget and Finance Division Director, Economic Policy Branch Assistant Director, Economic Policy Branch	As required