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Question and Answer Tracking Details

0710 - SYDNEY MOTORWAY CORPORATION PTY LIMITED (SMC)

Leong, Jenny to the Treasurer, and Minister for Industrial Relations
  1. What governance and risk management policies and practices are in place for the Sydney Motorway Corporation Pty Limited (SMC) Group responsible for handling the State's investment in the WestConnex project?
  2. Who is on the board of directors for SMC Group?
Answer -
  1. NSW Treasury manages the State's investment in SMC through the State Budget process and the NSW Treasury Commercial Policy Framework. Under this Framework, Government businesses like SMC must disclose their strategy, objectives, risk management framework and performance targets which is updated annually, and provide quarterly performance reports to NSW Treasury as the financial agent for the Government.
  2. See www.westconnex.com.au.
Question asked on 25 June 2015 (session 56-1) and printed in Questions & Answers Paper No. 15
Answer received on 28 July 2015 and to be printed in Questions & Answers Paper No. 17