Department of the Treasury (Australia)

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The Department of the Treasury's main offices in Canberra.
The Department of the Treasury's main offices in Canberra.

The Department of the Treasury is an Australian Government department. Its role is to focus and develop economic policy. The department is divided into four groups, Fiscal, Macroeconomic, Revenue and Markets with support coming from the Corporate Services Division. These groups were established to meet three policy outcomes:

  • Effective government spending and taxation arrangements
    The Treasury provides advice on budget policy issues, trends in Commonwealth revenue and major fiscal and financial aggregates, major expenditure programmes, taxation policy, retirement income, Commonwealth-State financial policy and actuarial services.
  • Sound macroeconomic environment
    The Treasury monitors and assesses economic conditions and prospects, both in Australia and overseas, and provides advice on the formulation and implementation of effective macroeconomic policy.
  • Well functioning markets
    The Treasury provides advice on policy processes and reforms that promote a secure financial system and sound corporate practices, remove impediments to competition in product and services markets and safeguard the public interest in matters such as consumer protection and foreign investment.

[edit] Secretaries to the Treasury

The Secretary to the Treasury is the public service head of the department. Below is the list of Secretaries since 1960.

Name Dates
Sir Roland Wilson 14 January 1960 - 28 October 1966
Sir Richard Randall 28 October 1966 - 31 October 1971
Sir Frederick Wheeler 1 November 1971 - 8 January 1979
John Stone 8 January 1979 - 14 September 1984
Bernie Fraser 17 September 1984 - 17 September 1989
Chris Higgins 18 September 1989 - 6 December 1990
Tony Cole 14 February 1991 - 23 March 1993
Ted Evans 10 May 1993 - 26 April 2001
Ken Henry 27 April 2001 -

[edit] See also

[edit] External links

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