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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). 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, the General Manager Customer Services, representatives of the Auditor-General and the Public Trustee’s (outsourced) Internal Auditors 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

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 internal audits undertaken during that period
  • A listing of standing agenda items discussed or noted at each meeting along with any other significant matters or issues arising during that time.
  • 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:

  • Nicolle Rantanen, the Public Trustee (Chair)
  • Tony Brumfield, General Manager Business and Client Financial Services
  • Kevin Kelly, General Manager Customer Services
  • David Martino, Manager ICT
  • Mark Hanson, 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.

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 consultant 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:

  • David Holston, Independent Chair
  • Nicolle Rantanen, the Public Trustee
  • Kevin Kelly, General Manager Customer Services
  • Tony Brumfield, General Manager Business and Client Financial Services

A representative, or representatives, of PT’s investment consultant also attends all meetings of the committee. In addition representative of DTF is provided with a copy of the formal meeting papers and is also invited to attend meetings of the committee.