Functions

The duties and responsibilities of the Office of the Treasury Registrar under the Treasury Registrar Act Cap 370 as amended as well as other rules that govern this office are divided into three categories which are:

  1. Keep/ Store stock and assets of the Public Institutions and Statutory Corporations on behalf of the Government (Custodian Role);
  2. To advise the Government on the investment and management of Public Institutions and Statutory Corporations (Advisory Role); and
  3. Control and monitoring the performance of Public Institutions and Statutory Corporations (Oversight, Supervisory & Regulatory Role).

Thus in general, responsibilities of this office are as follows:

  1. Treasury Registrar has been entrusted to manage all activities, all assets of public entities, institutions and government agencies, to review the financial performance of public and statutory corporations with a view to recommending measures aimed at amalgamation, disestablishment or improvement of their performance;
  2. Installation of systems, rules, strategies to improve management performance;
  3. To render advice to the Government relating to the establishment of new public or statutory corporations, consolidate, quit and vesting of any business or property in those organizations for the purpose of bringing efficiency and advise how to assist organizations with unique problems;
  4. To set financial targets and other performance criteria (Performance Indicators) to be pursued by any public institution and statutory corporation;
  5. To facilitate nominations of the Board of Directors, assess their effectiveness and recommend ways to the Government on how to improve their performance;
  6. To invest or to dispose-off investments in public institutions or statutory corporations after consultation with the Government;
  7. To make follow-up and ensure dividends from public institutions and statutory corporations where the Government has shares are paid when are due;
  8. To approve the adoption, application or amendment of financial regulations so as to ensure the proper accounting of the income and expenditure of public institutions and statutory corporations;
  9. To examine and approve organization and salary structures, schemes of service, incentive packages, voluntary agreements, paid in dividends to the Government, staff rules and regulations in public institutions and statutory corporations;
  10. To consider, recommend or approve corporate and annual plans of public institutions and statutory corporations, or other bodies in which the Treasury Registrar has an interest before their submission to the Government for incorporation in the overall economic development plans of Government or for budgets and annual targets;
  11. To supervise public institutions and statutory corporation’s investment funds;
  12. To evaluate, from time to time, the performance and effectiveness of boards and management committees of public and statutory corporations, and recommend the Government remedial or improvement measures designed to ensure the proper and more efficient utilization of finances and assets of those corporations;
  13. To monitor and evaluate training program in public institutions and statutory corporations;
  14. To monitor capital grants, subsidy, capital funds, reserves or retained earnings earned by a corporation and any other public investment.
  15. To prepare and provide various circulars and guidelines in order to increase effectiveness and efficiency in public institutions and statutory corporations;
  16. To approve whether a public corporation interested in buying shares or wishing to invest from or to any other public corporation or company may do so;
  17. To determine the means by which the restructured specified public institution or statutory corporation is to be diversified in collaboration with the parent Ministry;
  18. To prepare and sign Performance Contracts with public institution or statutory corporation where delivery of dividends and contributions to the Government coffin is a key performance indicator of the effectiveness of the corporation’s management;
  19. To strengthen the accountability and performance of the public institution and statutory corporation to ensure organizations’ effectiveness to increase revenue, reduce unproductive expenditures and gain profit;
  20. To carry regular management audit on public institution and statutory corporation in order to identify the shortcomings and advise the Government accordingly;
  21. To conduct post privatization monitoring and evaluation;
  22. To administer restructuring of the public institution and statutory corporation;
  23. To administer initial public offering of Government shares in the stock markets;
  24. To collect debts owed to public enterprises arising from sale agreements;
  25. To track title deeds in respect of diversified public institutions, statutory corporations and ; and
  26. Carrying out residual responsibilities of the defunct entities that are Loans and Advances Realization Trust (LART), Air Tanzania Holding Corporation (ATHCO), Simu 2000 Ltd, National Bank of Commerce (X-NBC), Presidential Commission for Restructuring of Public Authorities (PSRC) and Consolidated Holding Corporation.