About Western Australian Treasury Corporation
Western Australian Treasury Corporation fulfils the role as the State’s central financial services provider, working with its public sector clients to assist them to achieve sound financial risk management outcomes. Western Australian Treasury Corporation’s principal activities involve funding and debt management, asset and investment management, financial advisory services, financial risk management and treasury management services and systems.
As part of a comprehensive strategic planning and review process, a new corporate vision, objectives and values were developed for Western Australian Treasury Corporation (WATC), which came into effect from 1 July 2016.
To be recognised as the best at providing financial solutions for the benefit of the Western Australian public sector.
- Provision of high-quality, cost-effective products and services to the Western Australian public sector.
- Maintain ready access to domestic and international capital markets to ensure funds are raised to finance client borrowing needs at the lowest possible cost.
- Optimise the performance of WATC in accordance with the and the risk appetite of WATC’s Board.
WATC adheres to transacting all business in accordance with its corporate values of:
Excellence We challenge ourselves to think creatively and to continuously improve in the pursuit of excellence.
Partnership We work respectfully, supportively and collaboratively with our clients and colleagues towards achieving successful outcomes.
Integrity We are open, honest and accountable. We adhere to the highest professional and ethical standards. We honour our promises.
Commitment Through hard work and determination, we will deliver the best outcomes for the State of Western Australia.
WATC was established on 1 July 1986 under the(the Act) as the State’s central borrowing authority. Amendments to the Act in 1998 expanded WATC’s role to include the provision of financial management services to the Western Australian public sector.
The Hon. Ben Wyatt, MLA; Treasurer; Minister for Finance; Energy; Aboriginal Affairs.
Under Section 13(1) of the Act, the financial liabilities incurred or assumed by WATC are guaranteed by the Treasurer on behalf of the State. This guarantee is secured upon the Consolidated Account of the State.
In line with the State’s credit rating, the debt of WATC is rated as follows:
|Standard & Poor’s||AA+||Negative||A-1+|
|Moody’s Investors Service||Aa2||Stable||Prime-1|