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Committees

Public Trustee has three major governing committees;

Audit and Risk Management Committee

The Audit and Risk Management Committee is responsible for providing independent scrutiny of PT’s risk, control and compliance framework, and its internal and external accountability responsibilities.

The committee has a broad skill base, and comprises four independent members (including an independent Chair) and one senior member of PT’s staff. All members are appointed by the Public Trustee following consultation with the Chief Executive of the Attorney-General’s Department (AGD).

The Public Trustee, the General Manager Business and Client Financial Services and representatives of the Auditor-General also attend meetings of the committee. A representative from the Department of Treasury and Finance (DTF) is provided the meeting papers and is invited to attend.

The committee currently comprises:

  • Virginia Hickey, Director, @ the Board Table (Chair)
  • Darren Corcoran, Manager, Financial Services, AGD
  • Chris Oerman, Independent Member
  • Steven Woolhouse, Director Finance, Treasury and Finance, Department of the Premier and Cabinet
  • Frankie Anderson, General Manager Customer Services, PT

The committee meets at least five times per year and reports annually to the Public Trustee, on its operation and activities. A copy of the report is provided to the Chief Executive of AGD by the Public Trustee. The report includes:

  • A summary of PT’s progress in addressing the findings and recommendations made in internal and external audit reports
  • An overall assessment of PT’s risk, control and compliance framework, including details of any significant emerging risks or legislative changes that may have an impact on PT
  • The number of meetings held during the relevant period and the number of meetings attended by each member

Information and Communications Technology Committee

The Information Communications Technology (ICT) Committee advises on the priorities, planning and management of ICT within the context of PT’s Strategic Plan. The committee meets at least four times a year.

The committee consists of:

  • Debra Contala, the Public Trustee (Chair)
  • Tony Brumfield, General Manager Business and Client Financial Services
  • Frankie Anderson, General Manager Customer Services
  • David Martino, Manager ICT
  • Scott Bayliss, Executive Director, Projects and Technology, AGD

Investment Advisory Committee

PT’s Investment Advisory Committee ensures that a sound and efficient system for customer investments is maintained.

Chaired by the Public Trustee, the committee meets quarterly to provide appropriate advice, review the performance of PT’s investments, and make recommendations on investment matters.

PT’s investment guidelines and procedures clearly define investment processes for internally managed portfolios, sub-portfolio allocation, asset allocation for Standard Investment Strategies (SIS) and the process for engaging external fund managers. The guidelines are regularly reviewed by the committee.

PT engages an expert investment adviser to;

  • Review the appropriateness of strategic asset allocation for all PT Standard Investment Strategies;
  • Provide portfolio structuring advice
  • Assist in selecting fund managers and monitoring performance, and provide ongoing research into new managers
  • Provide quarterly reporting, ad hoc special reports, and dynamic asset allocation advice
  • Attend meetings of the committee and provide advice associated with PT investment activity
  • Provide other specialist advice

Members of the committee are:

  • Debra Contala, the Public Trustee
  • Frankie Anderson, General Manager Customer Services
  • Tony Brumfield, General Manager Business and Client Financial Services
  • Nick Wiseman, Manager Investment Services
  • Steven Gregor, Manager Client Financial Services

PT’s investment advisers, Mercer (Marsh & McLennan Companies), also attends all meetings of the committee. A representative of DTF is provided with a copy of the formal meeting papers and is also invited to attend meetings of the committee.