Date
| Measure | Target 2018–19 | 2019–22 |
|---|---|---|
| Feedback from Treasury portfolio ministers and assistant ministers shows satisfaction with the overall quality of advice received. | Majority of feedback received to indicate satisfaction with the quality of advice received. | As per 2018–19 |
| Strive for stakeholders' agreement that Treasury makes a positive contribution to public policy. | ||
| Management, development and delivery of the legislative program in accordance with the relevant legislative requirements and guidance, including timeframes. | Ensuring the legislative program is delivered within the required timeframes and the quality of legislation implemented meets a satisfactory standard, allowing for unforeseeable events. | As per 2018–19 |
| Delivery of macroeconomic models of Australia and articulation of their capabilities within Treasury and to other relevant stakeholders. | Develop and maintain a peer–reviewed operational overlapping generations model of Australia. | As per 2018–19 |
| Develop and maintain a peer–reviewed operational macroeconometric model of Australia. | ||
| Develop and implement an engagement plan for the overlapping generations model of Australia, including academic, internal and external stakeholders. | ||
| Develop and implement an engagement plan for the macroeconometric model of Australia, including academic, internal and external stakeholders. | ||
| Sustain macroeconomic modelling capability within Macroeconomic Group. | ||
| Delivery of sound assessments of economic conditions and delivery of forecasts and projections of the economic outlook. | Prepare economic forecasts and projections following the release of the National Accounts in March, September and December each year. | As per 2018–19 |
| Prepare updates of economic conditions as key information and data becomes available. | ||
| Prepare information notes on key aspects of the international and domestic economies. | ||
| Evaluate forecasting performance. | ||
| All budget documentation required by the Charter of Budget Honesty Act 1998 (the Charter) is delivered. | Documents required under the Charter are delivered as they fall due. | As per 2018–19 |
| Payments to State and Territory Governments are timely, and meet the requirements of the Intergovernmental Agreement on Federal Financial Relations (IGA). | 100 per cent of payments are made in accordance with the IGA and its related schedules. | As per 2018–19 |
| Relevant estimates are updated accurately and in a timely fashion. | ||
| Meetings of the Council on Federal Financial Relations are held at least biannually. | ||
| Ongoing development of Treasury's revenue modelling and forecasting capability, including revenue forecasting tools and methods. | Revenue outcomes are consistent with forecasts, allowing for unforeseeable events. | As per 2018–19 |
| Foreign Investment Review Board support will be measured by the Regulator Performance Framework key performance indicators. | Regulators do not unnecessarily impede the efficient operation of regulated entities. | As per 2018–19 |
| Communication with regulated entities is clear, targeted and effective. | ||
| Actions undertaken by regulators are proportionate to the regulatory risk being managed. | ||
| Compliance and monitoring approaches are streamlined and coordinated. | ||
| Regulators are open and transparent in their dealings with regulated entities. | ||
| Regulators actively contribute to the continuous improvement of regulatory frameworks. | ||
| Effective administration of portfolio bodies. | Appointment processes are efficiently administered, including against the Australian Public Service Commission guidelines (where applicable). | As per 2018–19 |
| Administrative functions such as tabling reports, including annual reports, in Parliament are completed on time. | ||
| Effective administration of programs such as the National Partnership on Asset Recycling (NPA), the Small Business Regulatory Reform Agenda (SBRRA) bilateral schedules with state and territory counterparts. | NPA: Statements of Assurance for milestone one and two payments are expected to be received by NSW, the ACT and the NT. | n/a |
| SBRRA: Support finalisation of a bilateral schedule with each state and territory. | ||
| SBRRA: Assess state and territory delivery of any milestones scheduled for 2018–19 and arrange for relevant payment as appropriate. | 2019–20 to 2020–21: as per 2018–19 2021–22: n/a |
|
| Advance Australia's interests through effective support of international ministerial and senior official travel (including their attendance at the G20 and other international forums and bilateral economic dialogues). | Focus the preparation of international meetings on advancing Australia's interests – open trade, resilient international financial system (including an adequate global financial safety net) and the stability of the Pacific region, including:
|
As per 2018–19 |
| Make payments to international financial institutions on behalf of the Government to promote Australia's interests. |