[Australia]: Treasury Media Centre

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Overview​

The Department of the Treasury is an Australian Government department responsible for executing economic and fiscal policy, market regulation and the delivery of the federal budget across all Departments of State of the federal government. The portfolio also includes government agencies such as the Reserve Bank of Australia, the Australian Taxation Office, the Australian Bureau of Statistics, the Royal Australian Mint, the Perth Mint, the Australian Securities and Investment Commission, the Australian Prudential Regulation Authority, the Australian Competition and Consumer Commission, the Productivity Commission, the Commonwealth Grants Commission, the Australian Office of Financial Management, the Foreign Investment Review Board, the Australian Charities and Not-for-profits Commission, the Australian Financial Security Authority, the Australian Accounting Standards Board, the Australian Reinsurance Pool Corporation, the Tax Ombudsman and Inspector-General of Taxation, the National Competition Council and the Auditing and Assurance Standards Board. The functions of the department are broadly classified into the following matters as laid out in an Administrative Arrangements Order: Economic, fiscal and monetary policy Taxation Borrowing money on the public credit of the Commonwealth International finance Foreign exchange Financial sector policy Currency and legal tender Foreign investment in Australia Superannuation and retirement savings policy Business law and practice Corporate, financial services and securities law Corporate insolvency Competition and consumer policy Prices surveillance Excise Census and statistics Valuation services Commonwealth-State financial relations Consumer credit Building and construction industry, excluding workplace relations Infrastructure and project financing Small business policy and programmes Bankruptcy Personal property securities