Overview
The 2024 Annual Report provides information about the services and performance of our organisation and includes audited financial statements and performance indicators for the financial year ended 30 June 2024. View the full document or access specific sections using the links below:
Financial Year Snapshot
We source funds from domestic and international financial markets on behalf of the State of Western Australia. This year our total debt on issue amounts to $50.4 billion.
We provide debt funding for government entities, local governments and public universities. This year our total client debt amounts to $45.4 billion.
We transact foreign exchange currencies and manage foreign exchange risk for our public sector clients. This year we transacted a total of $1.8 billion in eight currencies on behalf of 15 clients.
We provide independent expert financial advice to our public sector clients and the State of Western Australia. This year we completed a total of 94 client engagements.
Key Achievements
Strong Credit RatingsFind out more
Western Australia’s Credit Rating Upgraded to Aaa
Moody’s Ratings upgraded Western Australia’s credit rating to Aaa in July, highlighting our State’s financial strengths. Western Australia is the only
Australian state or territory with a triple-A credit rating from both international rating agencies.
Image courtesy of Tourism Western Australia.
Industry RecognitionFind out more
Our Green Bond and Chief Executive Officer Receive Awards
Specialised information service KangaNews awarded our 2033 green bond Australian Sustainability Bond Deal of the Year and our CEO, Kaylene Gulich, one of their Market People of the Year.Image courtesy of KangaNews.
Exceptional FeedbackFind out more
Our Clients Continue to Express High Levels of Satisfaction
Feedback from our public sector clients confirm they continue to be extremely satisfied with our overall capabilities, the quality of advice, the value we add to projects and the services we provide.Image courtesy of Tourism Western Australia.
Transition to RenewablesFind out more
Supporting the Delivery of Large-Scale Battery Energy Storage Systems
Our Corporate Treasury Services team worked closely with Synergy in the management of its foreign currency exposures to deliver groundbreaking projects that support the storage of renewable energy in Western Australia.Image courtesy of Synergy.
Increased Service DemandFind out more
Growing Advisory Engagements Confirm Our Valued Advice
The demand for our Advisory Services increased significantly, resulting in nearly double the number of engagements compared with the previous year, confirming the high level of quality and value for money
that our team provides.
Image courtesy of Pilbara Ports.
ESG CommitmentsFind out more
Sustainability Bond Framework Annual Report Released
This first report consolidates our journey to becoming a committed participant in the sustainable finance market and showcases the State’s progress towards accelerating climate outcomes and achieving
its environmental, social and governance (ESG) ambitions.
Image courtesy of Tourism Western Australia.
Complete Formats
- Annual Report 2023–24
The 2024 Annual Report provides information about the services and performance of our organisation and includes audited financial statements and performance indicators for the financial year ended 30 June 2024.
- Annual Report 2023–24 (Word)
This version does not include financial statements.
Access WATC Annual Reports from previous years in PDF format.
Banner images:
Below - Greens Pool, William Bay National Park. Image courtesy of Tourism Western Australia.
View the Latest
See the most recent news and publications from across our organisation.