The Corporation has a board to manage the overall budget and policies for members, including the establishment, financial maintenance and disestablishment of schools.

There is a federated arrangement that all fees and grants that are raised by the school go to TASC and these are used to offset interest on loans.

TASC, along with all diocesan organisations, is required to table audited accounts and annual reports at Synod which are then reviewed by the Finance Committee.

[6] In 1995 Archbishop Goodhew encouraged a policy to establish Low Fee Anglican Schools in the developing areas of the Diocese, particularly Western Sydney.

By the end of 1995, TASC had done a lot of work to identify viable sites for new schools and had negotiated to secure land for at least three.

[7][8] In 2001 the Synod adopted a ‘strategy driven’ model for the distribution of income[9] where there were competing applications for funds by diocesan organisations.

In order to guide the Synod the Standing Committee recommended the adoption of the Archbishop's statement of the diocesan mission and the priority it gives to evangelism.

[11] In December 2002 the Standing Committee asked the Mission Taskforce to (a) undertake a thorough review of the work and ministry of the Anglican Schools Corporation and to do so in consultation with its Board, taking into account its original charter, current and future educational plans and activities, financial and funding issues, governance and how its ministry fits in with the Diocesan Mission, and (b) report back to the Standing Committee with recommendations about future directions required to support the Diocesan Mission and any structural, ministry and financial changes that may be felt necessary.