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Department of Treasury and Finance

Functional responsibility

The Department of Treasury and Finance (the Department or DTF) is an administrative unit established under the Public Sector Act 2009, and is responsible to the Treasurer.

The Government, through the Treasurer and the Department, undertakes a number of distinct roles including:

  • setting economic and fiscal policy at the whole-of-government level
  • managing whole-of-government financial management processes
  • providing a range of direct whole-of-government services including asset and liability management, collection of taxes, and insurance and superannuation administration.

Financial statistics
Net cost of providing services: $57 million
Total revenues from government: $59 million
Employee benefit expenses: $56 million
Revenues from fees and charges: $40 million
   
Number of FTEs
(including the South Australian Government Financing Authority and the South Australian Superannuation Board):
568

Significant events and transactions

In February 2013 DTF’s corporate services function transferred to the Department of the Premier and Cabinet. The 2014-15 financial report reflects the full year impact of this transfer.


Financial statement opinion
Unmodified

Financial controls opinion
Modified

Key issues:

  • Improvements to compliance risk management documentation and processes at RevenueSA (a branch of DTF)
  • Improvements to debt management policies and procedures at RevenueSA
  • Improvements to debtor management reporting for State taxes
  • Reconciliation of central general ledger clearing account is unresolved
  • Controls for Shared Services SA main payroll system did not meet a generally satisfactory standard