The Treasury is divided into five groups: Fiscal, Macroeconomic, Revenue, Markets and Corporate Services & Business Strategy Group. In addition to Treasury’s Canberra office, Treasury has offices in Sydney, Melbourne and Perth. These offices enable Treasury to better understand the economy across all sectors and regions and help to form stronger relationships with the private sector and strengthen our organisational capability. The Treasury has officers deployed into key global markets who provide reporting that is an essential input into our advice to the Government. Officers are posted in Beijing, Jakarta, London, New Delhi, Paris, Tokyo, Washington and we maintain an overseas operation in Jakarta.
Dr Steven Kennedy was appointed Secretary to the Treasury with effect from 2 September 2019.
Outcome: 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. See the Fiscal Group entry on the Government Directory for further details and contact information.
Outcome: 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. See the Markets Group entry on the Government Directory for further details and contact information.
Outcome: 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, including monetary and fiscal policy, and labour market issues. See the Macroeconomic Group Overseas Posts and Operations entries on the Government Directory for further details and contact information.
Outcome: Effective taxation and retirement income arrangements The Treasury provides advice and assists in the formulation and implementation of government taxation and retirement income policies and legislation as well as providing information on material changes to taxation revenue forecasts and projections. See the Revenue Group entry on the Government Directory for further details and contact information.
Corporate Services and Business Strategy Group
See the Corporate Services and Business Strategy Group entry on the Government Directory for further details and contact information.