Department of Treasury & Finance
State Government of Victoria
State Government Victoria
Department of Treasury & Finance
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Agencies and Affiliates

Links are provided below to each of the DTF agencies and affiliated government bodies, for which DTF provides the secretariat function.

DTF takes no responsibility for the content of these sites and the provision of these links should in no way be considered an endorsement of their content.

Statutory bodies

Accident Compensation Conciliation Service
The Accident Compensation Conciliation Service provides an independent service that uses the principles of Alternative Dispute Resolution to resolve workers compensation disputes in Victoria. Conciliation is a key part of the Victorian workers compensation scheme and, in most disputes, is a compulsory step before proceedings can be taken in court.

Emergency Services and State Super (ESSSuper)
ESSSuper manages Victoria’s major public sector superannuation schemes including the Emergency Services Superannuation Scheme and the former State Superannuation Fund. The Emergency Services Superannuation Board is the trustee of these schemes which provide benefits for approximately 150,000 current and former public sector employees.

Essential Services Commission
The Commission commenced operations on 1 January 2002 as Victoria’s independent economic regulator of prescribed essential utility services supplied by the electricity, gas, ports and rail freight industries. Since 1 January 2004 the Commission has also been responsible for the regulation of Victoria’s water and sewerage services.

Parliamentary Trustee
The Trustee is responsible for administering the Parliamentary Contributory Superannuation Fund, the superannuation fund for members of Parliament.

Rural Finance Corporation
Rural Finance offers finance to the rural sector for a range of purposes and have played a major role in the development of rural Victoria. They are also charged with administering schemes on behalf of the Commonwealth and Victorian Governments.

State Electricity Commission of Victoria , trading as Vicpower Trading
SECV was established in 1921 to supply electricity to Victoria. This role continued until 1993 when it was disaggregated into generation, transmission and distribution companies that were further split and privatised in the 1990s. However, the Electricity Supply Agreements with Portland and Point Henry aluminium smelters were retained by SECV, who under “Vicpower Trading” continues as electricity supplier.

State Revenue Office
The State Revenue Office (SRO) is the Victorian Government's major tax collection agency. The SRO administers Victoria's taxation legislation and collects a range of taxes, duties and levies. These collections raise in excess of $11 billion in revenue for the Victoria Government. The SRO also administers the First Home Owner Grant, the First Home Bonus, and the Unclaimed Moneys function.

Treasury Corporation of Victoria
Treasury Corporation of Victoria (TCV) is the central financing authority and financial adviser for the State of Victoria. TCV provides treasury services to those State and public authorities that have been accepted as participating authorities. It also provides deposit facilities, financing advice and analytical services to participating authorities, government departments, statutory authorities, government business enterprises and other parties at the direction of the Treasurer.

Victorian Competition and Efficiency Commission
VCEC is the Victorian Government’s foremost body advising on business regulation reform and identifying opportunities for improving Victoria’s competitive position.

It was established as an independent body by the Victorian Government in 2004 and its current functions are to review regulatory impact statements and advise on the economic impact of significant new legislation, independently verify estimated reductions in regulatory costs, undertake inquiries into matters referred to it by the Victorian Government and operate Victoria's Competitive Neutrality Unit.

Victorian Funds Management Corporation
VFMC manages assets of over $35 billion for non-profit organisations and Victorian Government entities. It specialises in constructing client portfolios that deliver quality portfolio risk and return outcomes, using the services of leading specialist funds managers.

Victorian Government Purchasing Board
VGPB was established under the Financial Management Act 1994 and replaced the State Tender Board from 1 February 1995. The VGPB currently has eight members and meets bi-monthly to develop and approve policies, approve major requisitions from departments, and discuss related procurement policy and practice matters. Four of the VGPB members, including the Chairperson, are external appointees, and the remainder are appointed from government departments. VGPB reports to the Assistant Treasurer.

Victorian Managed Insurance Authority
VMIA was established in 1996 under the Victorian Managed Insurance Authority Act. The VMIA assists State Government departments in the areas of risk management and acts as an insurer for departments and Government agencies.

Victorian WorkCover Authority
VWA is the manager of Victoria's workplace safety system. Broadly, the responsibilities of the organisation are to help avoid workplace injuries occurring, enforce Victoria's occupational health and safety laws, provide reasonably priced insurance for employers, help injured workers back into the workforce and manage the workers' compensation scheme by ensuring the prompt delivery of appropriate services and adopting prudent financial practices.

Young Farmers' Finance Council
The Council was established in 1979 to assist young people to become established in farming. Through the Young Farmers' Finance Scheme it provides funds at a concessional interest rate for the purchase of stock, equipment and land.

State-owned enterprises

CenITex
CenITex, the Centre for IT Excellence, was formed in July 2008 to centralise information and communications technology (ICT) support to Victorian Government departments and agencies.

City West Water
City West Water is one of three retail water businesses in metropolitan Melbourne owned by the Victorian Government. It provides drinking water, sewerage, trade waste and recycled water services to residential, industrial and commercial customers in Melbourne’s Central Business District and inner and western suburbs.

South East Water
South East Water provides water and sewerage services to more than 1.5 million people in Melbourne’s south east.

State Trustees
State Trustees' core purpose is centred on helping people with their financial needs so they can make the most of their opportunities. This is achieved through the provision of a comprehensive range of will making, trustee, executor, and personal financial administration products and services.

Transport Accident Commission
TAC is a Victorian Government-owned organisation set up in 1986. Its role is to pay for treatment and benefits for people injured in transport accidents. It is also involved in promoting road safety in Victoria and in improving Victoria's trauma system.

Yarra Valley Water
Yarra Valley Water provides water supply and sewerage services to over 1.6 million people and over 50,000 businesses in the northern and eastern suburbs of Melbourne.
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