History - 2012-2016

In 2012, QTC farewelled Stephen Rochester following his resignation after almost a quarter of a century of visionary leadership as QTC’s inaugural Chief Executive and then Chairman. Amidst a challenging operating environment, including continued uncertainty and volatility in the global financial markets and changes in government at both the State and local levels, QTC welcomed its third chairman, former Under-Treasurer of Queensland, Gerard Bradley.

QTC’s expertise continued to be sought across a range of significant client and government initiatives, including Projects Queensland, established to analyse and deliver major infrastructure across the State. QTC’s experience and capacity to assess the most appropriate financial outcomes that deliver the best financial outcomes for the State was also demonstrated in its involvement in the sale of $2.3 billion worth of shares in Aurizon Holding’s Ltd (formerly QR National) in October 2012 and March 2013.

As QTC looks forward, its focus continues to be delivering its core funding and debt management business, to ensure it meets the State’s financing requirements. In this way, QTC will continue its contribution and commitment to a sustainable financial future, for all Queenslanders.

The flexibility of QTC’s client-focused operating model continued to be demonstrated through the capacity to provide immediate resourcing to meet the financial and risk management needs of its clients. QTC’s expertise was sought across a number of major client projects and initiatives that required unique solutions to complex financial and funding issues.

In June 2012, the Queensland Government’s Department of Treasury and Trade announced the formation of a new body, Projects Queensland, to target the improvement of infrastructure outcomes throughout the State. QTC has provided significant resources and expertise to this team, to support its enhanced mandate for involvement in significant public sector infrastructure projects.

Projects Queensland represents a key element in the encouragement of new partnerships between Government and private investors to help deliver infrastructure outcomes. Through this team, QTC’s skilled experts provide the resources necessary for the delivery of services that assist its clients in the assessment, procurement and delivery of major infrastructure projects.

In line with its operating philosophy to partner with its clients to achieve improved financial outcomes for their organisations and the State, QTC continued to commit considerable resources to supporting the State’s public sector organisations in the 2011-12 year, including the newly-elected State and local government representatives in their financial and risk management activities. Through these engagement activities, QTC continues to provide its clients with the best advice and solutions to assist them to respond to emerging issues and meet their planned objectives, thereby adding value to their business and the broader economic position of the State.

In 2012, QTC was also called upon to assist the Queensland Boundaries Commission to review local government de-amalgamation proposals referred to it by the Minister for Local Government. The Commission was appointed to review local government de-amalgamation proposals in an open and logical way and assess these proposals against a set of financial, social and economic criteria. QTC’s expertise was sought to assist the Commissioner analyse the financial aspects of the de-amalgamation proposal and undertake an analysis of the costs of de-amalgamation.

QTC has played a key supporting role over the years in creating a financially sustainable future for Queensland’s local governments. Through its financial sustainability reviews, financial forecasting models and assistance across a wide range of funding and risk activities, QTC has continued to collaborate and partner with local governments to create and deliver unique and relevant value for Queensland’s public sector.

Image: New construction reflecting older buildings, courtesy of Brisbane Marketing.

As QTC passes its 30th year since its incorporation on 12 May 1988, it moves into a new era for both the organisation and the State of Queensland. While acknowledging the volatility of global financial markets and the challenges facing our clients, at the same time QTC recognises its strengths, including a talented and committed workforce, expertise in providing significant value to clients and the State and a strong reputation in global financial markets.

Building on its foundation of achievements and successes, QTC’s focus is on its core funding and debt management business, to ensure it meets the State’s financing requirements and contributes to a sustainable future for the State and its partners. In this way, QTC will continue to deliver optimal financial outcomes through sound funding and financial risk management, to secure Queensland’s financial success.