Secretary to the Treasury John Whitehead today confirmed an NBR report last week revealing changes to the agency’s leadership structure, including the consolidation of the government’s business portfolio CCMAU.

The reorganisation of the leadership structure will see nine positions being disestablished and eight new positions being created. There will also be changes in the way Treasury work groups are organised.

In addition, all of the monitoring responsibilities currently held by the Treasury and the CMAU will be consolidated into one unit inside the Treasury.

“By bringing the monitoring, appointments and governance functions into the Treasury, we are seeking to better leverage our collective capabilities,” Mr Whitehead said.

“The changes are about the Treasury meeting the challenges of the new economic and financial environment that it is now operating in.”

The announcement follows a review of the leadership structure in the organisation which began earlier this year and has involved extensive consultation.

“It is not about downsizing the organisation but about focusing on the challenges ahead,” Mr Whitehead said.