DOCSLIB.ORG

Lessons from Australia MTI Report 09-15MTI Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Lessons from Australia MTI Report 09-15MTI Report MTI Policy IssuesPolicy in U.S. Transportation Public-Private Partnerships Policy Issues in U.S. Transportation Funded by U.S. Department of Public-Private Partnerships: Transportation and California Department of Transportation Lessons from Australia MTI ReportMTI 09-15 MTI Report 09-15 July 2010 MINETA TRANSPORTATION INSTITUTE MTI FOUNDER Hon. Norman Y. Mineta The Norman Y. Mineta International Institute for Surface Transportation Policy Studies (MTI) was established by Congress as part of the Intermodal Surface Transportation Efficiency Act of 1991. Reauthorized in 1998, MTI was selected by the U.S. Department of Transportation through a competitive process in 2002 as a national “Center of Excellence.” The Institute is funded by Con- MTI BOARD OF TRUSTEES gress through the United States Department of Transportation’s Research and Innovative Technology Administration, the Califor- nia Legislature through the Department of Transportation (Caltrans), and by private grants and donations. Honorary Co-Chair Rebecca Brewster Steve Heminger Stephanie Pinson Hon. James Oberstar ** President/COO Executive Director President/COO American Transportation Metropolitan Transportation Gilbert Tweed Associates, Inc. The Institute receives oversight from an internationally respected Board of Trustees whose members represent all major surface Chair House Transportation and Research Institute Commission New York, NY transportation modes. MTI’s focus on policy and management resulted from a Board assessment of the industry’s unmet needs Smyrna, GA Oakland, CA Infrastructure Committee Hans Rat and led directly to the choice of the San José State University College of Business as the Institute’s home. The Board provides House of Representatives Donald H. Camph Hon. John Horsley # Secretary General policy direction, assists with needs assessment, and connects the Institute and its programs with the international transportation Washington, DC President Executive Director Union Internationale des California Institute for community. American Association of State Transports Publics Technology Exchange Honorary Co-Chair Highway & Transportation Bruxelles, Belgium ** Los Angeles, CA MTI’s transportation policy work is centered on three primary responsibilities: Hon. John L. Mica Officials (AASHTO) Ranking Member Washington, DC Vickie Shaffer Anne P. Canby House Transportation and General Manager President Infrastructure Committee Joseph Boardman Tri-State Transit Authority Surface Transportation President/CEO Huntington, WV Research House of Representatives Policy Project Amtrak MTI works to provide policy-oriented research for all levels of of Transportation, MTI delivers its classes over a state-of- Washington, DC Washington, DC 60 Massachusetts Ave., N.E. Paul Toliver # government and the private sector to foster the development the-art videoconference network throughout the state Washington, DC 20002 President David L. Turney * Jane Chmielinski of optimum surface transportation systems. Research areas of California and via webcasting beyond, allowing working New Age Industries Chair/President/CEO President DMJM Harris Will Kempton Seattle, WA include: transportation security; planning and policy develop- transportation professionals to pursue an advanced degree Digital Recorders, Inc. Director ment; interrelationships among transportation, land use, and the regardless of their location. To meet the needs of employ- Dallas, TX New York, NY California Department of Michael S. Townes # environment; transportation finance; and collaborative labor- ers seeking a diverse workforce, MTI’s education program Transportation President/CEO William Dorey management relations. Certified Research Associates conduct promotes enrollment to under-represented groups. William W. Millar ^ Sacramento, CA Transportation District President/CEO the research. Certification requires an advanced degree, gener- Vice Chair/President Commission of Hampton Roads American Public Transportation Granite Construction, Inc. ally a Ph.D., a record of academic publications, and professional Brian Macleod Hampton, VA Information and Technology Transfer Association (APTA) Watsonville, CA Senior Vice President references. Research projects culminate in a peer-reviewed Washington, DC MTI promotes the availability of completed research to Gillig Corporation Edward Wytkind Mortimer Downey publication, available both in hardcopy and on TransWeb, the professional organizations and journals and works to Hayward, CA President Hon. Rod Diridon, Sr. # Chairman MTI website (http://transweb.sjsu.edu). integrate the research findings into the graduate education Transportation Trades Executive Director PB Consult Inc. program. In addition to publishing the studies, the Institute Dr. Bruce Magid Department, AFL-CIO Mineta Transportation Institute Washington, DC Dean Washington, DC Education also sponsors symposia to disseminate research results to San Jose, CA College of Business The educational goal of the Institute is to provide graduate-level transportation professionals and encourages Research As- Nuria Fernandez San José State University Commissioner education to students seeking a career in the development and sociates to present their findings at conferences. The World Ronald Barnes San José, CA General Manager City of Chicago, Department of Aviation, ** Honorary operation of surface transportation programs. MTI, through San in Motion, MTI’s quarterly newsletter, covers innovation Veolia Transportation/East * Chair José State University, offers an AACSB-accredited Master of Sci- in the Institute’s research and education programs. MTI’s Valley RPTA Chicago, IL ^ Vice Chair # ence in Transportation Management and a graduate Certificate extensive collection of transportation-related publications Mesa, AZ Past Chair in Transportation Management that serve to prepare the nation’s is integrated into San José State University’s world-class transportation managers for the 21st century. The master’s de- Martin Luther King, Jr. Library. Directors Research Associates Policy Oversight Committee gree is the highest conferred by the California State University system. With the active assistance of the California Department Hon. Rod Diridon, Sr. Asha Weinstein Agrawal Ron Sylvia Executive Director Urban and Regional Planning Political Science Dr. Karen E. Philbrick Joe Giglierano Taeho Park Research Director Marketing and Decision Science Organization and Management DISCLAIMER Dr. Peter Haas Dr. Jan Botha Diana Wu The contents of this report reflect the views of the authors, who are responsible for the facts and accuracy of the information presented here- MTI Director Professor, Dept. of Civil & Research LIbrarian in. This document is disseminated under the sponsorship of the U.S. Department of Transportation, University Transportation Centers Program Environmental Engineering Martin Luther King, Jr. Library San José State University San José State University and the California Department of Transportation, in the interest of information exchange. This report does not necessarily reflect the official Donna Maurillo Communications Director views or policies of the U.S. government, State of California, or the Mineta Transportation Institute, who assume no liability for the contents or use thereof. This report does not constitute a standard specification, design standard, or regulation. MTI Report 09-15 POLICY ISSUES IN U.S. TRANSPORTATION PUBLIC-PRIVATE PARTNERSHIPS: LESSONS FROM AUSTRALIA July 2010 David Czerwinski R. Richard Geddes a publication of the Mineta Transportation Institute College of Business San José State University San José, CA 95192-0219 Created by Congress in 1991 TECHNICAL REPORT DOCUMENTATION PAGE 1. Report No. 2. Government Accession No. 3. Recipients Catalog No. CA-MTI-10-2807 4. Title and Subtitle 5. Report Date Policy Issues in U.S. Transportation Public-Private Partnerships: July 2010 Lessons from Australia 6. Performing Organization Code 7. Authors 8. Performing Organization Report No. David Czerwinski and R. Richard Geddes MTI Report 09-15 9. Performing Organization Name and Address 10. Work Unit No. Mineta Transportation Institute College of Business San José State University 11. Contract or Grant No. San Jose, CA 95192-0219 DTRT07-G-0054 12. Sponsoring Agency Name and Address 13. Type of Report and Period Covered Final Report California Department of U.S. Department of 14. Sponsoring Agency Code Transportation Transportation Sacramento, CA 94273- Office of Research—MS42 0001 Research & Special Programs Administration P.O. Box 942873 400 7th Street, SW Washington DC 20590-0001 15. Supplementary Notes 16. Abstract In this report, the authors examine Australia’s experience with transportation public-private partnerships (PPPs) and the lessons that experience holds for the use of PPPs in the United States. Australia now has decades of experience in PPP use in transportation, and has used the approach to deliver billions of dollars in project value. Although this report explores a range of issues, the authors focus on four policy issues that have been salient in the United States: (1) how the risks inherent in PPP contracts should be distributed across public and private sector partners; (2) when and how to use non-compete (or compensation) clauses in PPP contracts; (3) how concerns about monopoly power are best addressed; and (4) the role and importance of concession length. The study examines those and other questions by surveying the relevant literature on PPP international use.
Load more

Recommended publications
  • Re Particularly Interested in the Live PROGRAM 01· Exhibits)
    AUSTRALIAN MUSEUM A n n u a f ''Re p a r t A M eAnnua{ Report o{ the AUSTRALIAN MUSEUM ISSN 1039 • ·1141 To the Hon Bob Carr MP fre111i£'r a/1(/ t(illister /('1 rite · lrts Sir. In accordance with the provisions of the Annual Reports (Statutory Bodies) Act 1984. and the Public Finance and Audit Act 1983. we have pleasure in submitting this report of the activities of the Australian Museum Trust for the financial year ended 30 June 1996 for presentation to Parliament. On behalf of the Australian Museum Trust. Dr Des Griffin AM Mr Malcolm Long Secrrfm·lf fi/ tfu, .Jmsl fresic/elll oj tlte Jmsl AUS IR AL I AN MUSE UM 6 College Street Sydney 2000 Phone: (02) 9320 6000 Internet: i1ifol @amsg .Austmus.gov.au Open 7 days (except Chnstmas Day) 9.30am to 5pm Admission Charges: Family $12, Child $2, Adults $5, Concession $3, Seniors and TAMS Members Free . contents Statement of Ph1losophy 4 Introduction 6 Highlights 7 Premier's Message 8 President's Message 10 Director's Message 12 PubliC Programs and Marketing 16 Sc1ence m the Museum 22 Commerc1al Act1V1t1es 36 Corporate Serv1ces 40 Fmanc1al Statements 46 Appendices Trust 62 Management Structure 64 Staff 66 Publ1cat1ons 70 Sponsors 83 Index 84 statement of philosophy The future of our natural environment and cultural heritage IS of central concern: we intend to join in public debate and g1ve adv1ce to government, the community and business. where we have special knowledge The Australian Museum is comm1tted to: • Excellence in research and scholarship 1n natural science and human studies for the benefit of current and future generations.
    [Show full text]
  • Local Development Benefits from Staging Global
    OECD Local Economic and Employment Development (LEED) Papers 2011/01 Local Development Benefits from Staging Global Events: Achieving the Local Development Legacy from OECD 2012 - A Peer Review of the Olympic and Paralympic Legacy for East London https://dx.doi.org/10.1787/5kgj3lb83kd0-en Local Development Benefits from Staging Global Events: Achieving the Local Development Legacy from 2012 A peer review of the Olympic and Paralympic legacy for East London proposed by the Department of Communities and Local Government, United Kingdom LOCAL DEVELOPMENT BENEFITS FROM STAGING GLOBAL EVENTS: ACHIEVING THE LOCAL DEVELOPMENT LEGACY FROM 2012 A PEER REVIEW OF THE OLYMPIC AND PARALYMPIC LEGACY FOR EAST LONDON PROPOSED BY THE DEPARTMENT OF COMMUNITIES AND LOCAL GOVERNMENT, UNITED KINGDOM 4 About the OECD The Organisation for Economic Co-operation and Development (OECD) is a unique forum where the governments of 30 market democracies work together to address the economic, social and governance challenges of globalisation as well as to exploit its opportunities. The OECD‟s way of working consists of a highly effective process that begins with data collection and analysis and moves on to collective discussion of policy, then decision-making and implementation. Mutual examination by governments, multilateral surveillance and peer pressure to conform or reform are at the heart of OECD effectiveness. Much of the material collected and analysed at the OECD is published on paper or online; from press releases and regular compilations of data and projections to one-time publications or monographs on particular issues; from economic surveys of each member country to regular reviews of education systems, science and technology policies or environmental performance.
    [Show full text]
  • Budget Statement 2021-22 A4 - 1 Classification of Agencies
    A4. CLASSIFICATION OF AGENCIES The financial activities of all governments are measured using the government finance statistics (GFS) framework.1 All entities controlled by governments are classified into sectors according to the nature of their activities and funding arrangements. For financial reporting and policy framework purposes, NSW Treasury classifies each NSW Government entity under one of three sectors: general government sector public non-financial corporations public financial corporations. Together, these sectors make up the total state sector. This is not a GFS term, but it is used to describe the scope of all government activities representing the total state. The nature of each sector as it relates to NSW Government entities is as follows: General The general government sector represents the scope of the Budget. Agencies in this sector government sector generally operate under the Financial Management Framework and carry out policy, regulatory and service delivery functions. This sector includes agencies such as the Ministry of Health, Department of Education, NSW Police Force, Rental Bond Board and Independent Pricing and Regulatory Tribunal. ‘General government sector’ is defined under GFS as the institutional sector comprising all government units and non-profit institutions controlled by the Government. Public non-financial Agencies in this sector are either commercial or non-commercial. corporations sector Commercial enterprises generally operate under the Commercial Policy Framework, which aims to replicate disciplines and incentives that drive the efficient commercial practices of private sector businesses. They deliver services to a customer base from which they receive their income. They generally pay dividends and tax-equivalent payments to the general government sector.
    [Show full text]
  • 2019-20 Annual Report of the NSW Treasury
    Financial resilience, stability and impact NEW SOUTH WALES TREASURY CORPORATION ANNUAL REPORT 2020 How to read this report This annual report was prepared in accordance with the NSW Treasury Annual Report Compliance Checklist. The sections About TCorp, Corporate performance and Operations overview include letters from the Chair and Chief Executive, TCorp aims and objectives, management structure, a summary review of operations, management and activities, and highlights for financial year 2020. The Governance section includes our governance framework, risk management and compliance framework, human resources overview, other required disclosures, financial statements and appendices. All dollar amounts quoted are Australian, unless otherwise noted. Electronic copies of current and previous reports are available at www.tcorp.nsw.gov.au. To assist readers in navigating this report, an index is provided on page 164. Copyright © TCorp (New South Wales Treasury Corporation) 2020 Copyright in the material contained in this report is owned or licensed by New South Wales Treasury Corporation. Except where necessary for viewing the report on the TCorp website on your browser, or as permitted under the Copyright Act 1968 (Cth) or other applicable laws, no material in this report may be reproduced, adapted, uploaded to a third party, linked to, framed, broadcast, distributed or transmitted in any form by any process without the specific written consent of TCorp. Feedback We welcome your feedback on our report to help improve future editions – please contact the Head of Marketing on +61 2 9325 9325. Stay up to date Follow us on www.linkedin.com/company/tcorp-nswtreasurycorporation/ Cover photo An iconic ferry, crossing Sydney Harbour on a foggy morning.
    [Show full text]
  • Part B Chapter 10.2 WATER REFORM NEW SOUTH WALES NCP
    NCP second tranche Assessment Water: New South Wales B10.2 WATER REFORM, NEW SOUTH WALES ASSESSMENT, June 1999 Page Table of Contents 278 Table of abbreviations 280 B10.2.1 EXECUTIVE SUMMARY 283 B10.2.2 REFORM COMMITMENT: COST REFORM AND PRICING 287 10.2.2.1 Cost Recovery 287 10.2.2.2 Consumption Based Pricing 294 10.2.2.3 Cross Subsidies 298 10.2.2.4 CSOs 301 10.2.2.5 Rates of Return 301 10.2.2.6 Rural Cost Recovery 302 10.2.2.7 New Rural Schemes 303 10.2.2.8 Devolution of Irrigation Management 304 B10.2.3 REFORM COMMITMENT: INSTITUTIONAL REFORM 305 10.2.3.1 Separation of Functions 305 10.2.3.2 Commercial Focus 310 10.2.3.3 Performance Monitoring and Best Practice 311 B10.2.4 REFORM COMMITMENT: ALLOCATION AND TRADING 313 10.2.4.1 Water Entitlements 313 10.2.4.2 Environmental Allocations 319 10.2.4.3 Water Trading 331 B10.2.5 REFORM COMMITMENT: ENVIRONMENT AND WATER QUALITY 336 10.2.5.1 Integrated Catchment Management 336 10.2.5.2 National Water Quality Management Strategy 340 278 NCP second tranche Assessment Water: New South Wales B10.2.6 REFORM COMMITMENT: PUBLIC CONSULTATION, EDUCATION 343 ATTACHMENTS 345 Attachment 1: Table of cost recovery for NMUs with more than 10 000 connections Attachment 2: Tariff structures for NMUs with more than 10 000 connections Attachment 3: New South Wales allocation and trading implementation program Attachment 4: Unregulated catchments Attachment 5: Groundwater 279 NCP second tranche Assessment Water: New South Wales T a b l e o f Ab b r e v i a t i o n s ARMCANZ Agriculture and Resource Management
    [Show full text]
  • NSW Infrastructure Pipeline Copyright the New South Wales Infrastructure Pipeline © July 2018 State of New South Wales Through Infrastructure NSW
    NSW Infrastructure Pipeline Copyright The New South Wales Infrastructure Pipeline © July 2018 State of New South Wales through Infrastructure NSW ISBN 978-0-6480367-3-9 This document was prepared by Infrastructure NSW. It contains information, data, documents, pages and images (‘material’) prepared by Infrastructure NSW. The material is subject to copyright under the Copyright Act 1968 (Cth), and is owned by the State of New South Wales through Infrastructure NSW. This material may be reproduced in whole or in part for educational and non -commercial use, providing the meaning is unchanged and its source, publisher and authorship are clearly and correctly acknowledged. Disclaimer While every reasonable effort has been made to ensure that this document is correct at the time of publication, Infrastructure NSW, its agents and employees, disclaim any liability to any person in response of anything or the consequences of anything done or omitted to be done in reliance upon the whole or any part of this document. Please also note that material may change without notice and you should use the current material from the Infrastructure NSW website and not rely on material previously printed or stored by you. For enquiries please contact [email protected] Front cover image: © Transport for NSW New South Wales is open for business The New South Wales Government New South Wales is one of the most is delivering the biggest infrastructure exciting places in the world right now program in Australian history, with in terms of infrastructure investment. $87.2 billion earmarked for projects We are embarking on the largest capital over the next four years alone.
    [Show full text]
  • The 34Th Annual Report to Parliament of New South Wales Treasury Corporation
    The 34th Annual Report to Parliament of New South Wales Treasury Corporation For the year ended 30 June 2016 1 of 126 / TCorp Annual Report Access Principal Office Level 22, Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 Business Hours Monday to Friday 8:30am to 5:00pm Postal Address Level 22, Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 Email [email protected] Website www.tcorp.nsw.gov.au Telephone (02) 9325 9325 (General) (02) 9325 9267 (Hour-Glass Fund Transactions) Facsimile (02) 9325 9333 TCorp Dealing Desk Bonds (02) 9247 5211 Money Market (02) 9247 5633 Authority Deposits (02) 9247 5488 Client Transaction Line (02) 9247 5501 Asset Management (02) 9325 9282 Settlements Telephone (02) 9325 9203 Facsimile (02) 9325 9355 For Registry location see page 125. 2 of 126 / TCorp Annual Report Contents TCorp’s Objectives 4 Review of Operations 8 Year in Review 11 Performance Indicators – Five Year Summary 12 Nature and Range of Activities and Significant Operations 13 Debt Issuance 17 Loans Outstanding to Authorities 18 Debt and Currency Management 19 Investment Management 23 Corporate Governance 32 Risk Management and Compliance 38 Human Resources 43 Other Required Disclosures 50 Payment Performance Indicators 55 Budgets for the Years Ended 30 June 2016 and 30 June 2017 57 Financial Statements 59 Statement of Comprehensive Income 60 Balance Sheet 61 Statement of Changes in Equity 62 Cash Flow Statement 63 Appendix A – Obligations under the GIPA Act 117 Index – Legislative Requirements 122 3 of 126 / TCorp Annual Report TCorp’s Objectives TCorp’s Charter New South Wales Treasury Corporation (TCorp) is the financial services provider for the New South Wales (NSW) public sector.
    [Show full text]
  • Art Gallery of New South Wales Annual Report 2018-19
    Annual Report 2018–19 The Art Gallery of New South Wales ART GALLERY OF NEW SOUTH WALES ANNUAL REPORT 2018–19 2 ART GALLERY OF NEW SOUTH WALES ANNUAL REPORT 2018–19 The Gadigal people of the Eora nation are the traditional custodians of the land on which the Art Gallery of New South Wales is located. The Hon Don Harwin MLC Minister for the Arts Parliament of New South Wales Macquarie Street SYDNEY NSW 2000 Dear Minister, It is our pleasure to forward to you for presentation to the NSW Parliament the Annual Report for the Art Gallery of New South Wales for the year ended 30 June 2019. This report has been prepared in accordance with the provisions of the Annual Report (Statutory Bodies) Act 1984 and the Annual Reports (Statutory Bodies) Regulations 2010. Yours sincerely, Mr David Gonski AC Dr Michael Brand President Director Art Gallery of New South Wales Trust Art Gallery of New South Wales 12 October 2019 Contents 8 PRESIDENT’S FOREWORD 10 DIRECTOR’S STATEMENT 14 STRATEGIC GOAL 1: CAMPUS 16 STRATEGIC GOAL 2: ART 50 STRATEGIC GOAL 3: AUDIENCE 58 STRATEGIC GOAL 4: STRENGTH 68 STRATEGIC GOAL 5: PEOPLE 91 FINANCIAL REPORTS © Art Gallery of New South Wales Compiled by Emily Crocker Designed by Trudi Fletcher Edited by Lisa Girault Art Gallery of New South Wales ABN 24 934 492 575. Entity name: The Trustee for Art Gallery of NSW Trust. The Art Gallery of New South Wales is a statutory body established under the Art COVER: Grace Cossington Smith, The window 1956, Gallery of New South Wales Act 1980 and, oil on hardboard, 121.9 x 91.5 cm, Art Gallery of from 15 March 2017 to 30 June 2019, an New South Wales, gift of Graham and Judy Martin 2014, executive agency related to the Department assisted by the Australian Masterpiece Fund © Estate of of Planning and Environment.
    [Show full text]
  • Institutional Arrangments to Combat Corruption: a Comparative Study
    Institutional Arrangements to Combat Corruption A Comparative Study Cover photograph: Jiratham Ngamsuk/Prachya Choompoo Design and Layout: Keen Publishing (Thailand) Co., Ltd. Copyright©2005 United Nations Development Programme Democratic Governance Practice Team UNDP Regional Centre in Bangkok http://regionalcentrebangkok.undp.or.th UN Service Building Rajdamnern Nok Avenue Bangkok 10200 Thailand ISBN: 974-93632-3-X CONTENTS Foreword iv PART 1: Overview and Policy Recommendations 1 Acronyms 2 1. Introduction 3 1.1 The importance of effective anti-corruption bodies 4 1.2 The UN Convention Against Corruption and institutional arrangements 4 for combating corruption 2. A special anti-corruption agency or commission 5 2.1 Independence of the anti-corruption agency 5 2.2 Mandate 6 2.3 Summary: Advantages and disadvantages of an independent anti-corruption body 9 3. Other institutions involved in anti-corruption 11 3.1 Prosecutor 12 3.2 Auditor General 12 3.3 Public Service Reform Agency or Public Service Commission 13 3.4 Ombudsman 14 3.5 The Courts 15 4. Countries without a special anti-corruption agency 17 5. Coordination 19 6. Conclusion 21 Bibliography 23 PART 2: Country Briefs 25 Australia (New South Wales) 27 Botswana 35 Bulgaria 39 Hong Kong S.A.R. 44 Indonesia 49 Latvia 53 Lithuania 58 Malaysia 63 Nigeria 68 Republic of Korea 73 Singapore 78 South Africa 82 Thailand 87 United Republic of Tanzania 94 FOREWORD There is no question about the negative impact of corruption on development. Corruption reflects a democracy, human rights and governance deficit that negatively impacts on poverty and human security.
    [Show full text]
  • New South Wales Treasury Corporation (A Statutory Corporation Constituted by the Treasury Corporation Act 1983 of New South Wales)
    OFFERING CIRCULAR (replacing the offering circular dated 18th December, 2009) 22nd December, 2010 New South Wales Treasury Corporation (a statutory corporation constituted by the Treasury Corporation Act 1983 of New South Wales) A$18,000,000,000 Global Exchangeable Bond Programme for the issue of guaranteed global exchangeable bonds exchangeable into New South Wales Treasury Corporation Inscribed Stock payment of principal and interest guaranteed by The Crown in Right of New South Wales Arranged by UBS Investment Bank Panel Members Australia and New Zealand Banking Group Limited Citi Commonwealth Bank of Australia Deutsche Bank National Australia Bank Limited RBC Capital Markets TD Securities The Royal Bank of Scotland UBS Investment Bank Westpac Banking Corporation This document replaces the Offering Circular in relation to the Programme dated 18th December, 2009. This Offering Circular comprises Listing Particulars and is issued in compliance with the listing rules made under Section 79(2) of the Financial Services and Markets Act 2000 (the “FSMA”) by the UK Listing Authority (as defined below) for the purpose of giving information with regard to New South Wales Treasury Corporation (the “Issuer” or the “Corporation”), The Crown in Right of New South Wales (the “Guarantor”), the fixed rate guaranteed global exchangeable bonds (the “Bonds”) to be issued from time to time pursuant to the Facility Agreement (as defined under “Description of the Programme and the Inscribed Stock”), the domestic Inscribed Stock (the “Inscribed Stock”) into which the Bonds are exchangeable and the programme (the “Programme”) for the issue of the Bonds which is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profit and losses and prospects of the Issuer and the Guarantor.
    [Show full text]
  • Regulatory Technology
    INFORMATION PAPER Regulatory Technology October 2020 Commonwealth of Australia 2020 Except for the Commonwealth Coat of Arms and content supplied by third parties, this copyright work is licensed under a Creative Commons Attribution 3.0 Australia licence. To view a copy of this licence, visit http://creativecommons.org/licenses/by/3.0/au. In essence, you are free to copy, communicate and adapt the work, as long as you attribute the work to the Productivity Commission (but not in any way that suggests the Commission endorses you or your use) and abide by the other licence terms. Use of the Commonwealth Coat of Arms Terms of use for the Coat of Arms are available from the Department of the Prime Minister and Cabinet’s website: www.pmc.gov.au/government/commonwealth-coat-arms Third party copyright Wherever a third party holds copyright in this material, the copyright remains with that party. Their permission may be required to use the material, please contact them directly. Attribution This work should be attributed as follows, Source: Productivity Commission, Regulatory Technology, Information Paper. If you have adapted, modified or transformed this work in anyway, please use the following, Source: based on Productivity Commission data, Regulatory Technology, Information Paper. An appropriate reference for this publication is: Productivity Commission 2020, Regulatory Technology, Information Paper, Canberra. Publications enquiries Media, Publications and Web, phone: (03) 9653 2244 or email: [email protected] The Productivity Commission The Productivity Commission is the Australian Government’s independent research and advisory body on a range of economic, social and environmental issues affecting the welfare of Australians.
    [Show full text]
  • Creating a Stronger NSW
    Creating a stronger NSW New South Wales Treasury Corporation Annual Report 2019 How to read this report This annual report was prepared in accordance with the NSW Treasury Annual Report Compliance Checklist. The sections About TCorp, Corporate performance, Operations overview include letters from the Chair and Chief Executive, TCorp aims and objectives, management structure, summary review of operations, management and activities and achievements. The Governance section includes our corporate governance framework, risk management and compliance, human resources overview, other required disclosures, financial statements and appendices. Electronic copies of current and previous reports are available at www.tcorp.nsw.gov.au. This report includes an index to help readers navigate it. © TCorp (New South Wales Treasury Corporation) 2019 Copyright in the material contained in this report is owned or licensed by New South Wales Treasury Corporation. Except where necessary for viewing the report on the TCorp website on your browser, or as permitted under the Copyright Act 1968 (Cth) or other applicable laws, no material in this report may be reproduced, adapted, uploaded to a third party, linked to, framed, broadcast, distributed or transmitted in any form by any process without the specific written consent of TCorp. Feedback We welcome your feedback on our report to help improve future editions – please contact the Head of Marketing on +61 2 9325 9325. Stay up to date Follow us on www.linkedin.com/company/ tcorp-nswtreasurycorporation/ i Contents
    [Show full text]