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Treasury & financeDepartment of State

Department of Finance and Deregulation

3 December 2007 – 18 September 2013

Previously Department of Finance and Administration (1997–2007). Renamed Department of Finance in 2013.

Department of State responsible for expenditure policy and the budget estimates, the Commonwealth's financial management framework, government property, procurement and ICT, ministerial and parliamentary services, and deregulation and best practice regulation.

Names over time

  1. Department of Finance and Administration1997–2007
  2. Department of Finance and Deregulation2007–2013
  3. Department of Finance2013–present

How it came into existence

Created on 3 December 2007 by the Administrative Arrangements Order made when the Rudd Ministry was sworn in, renaming the Department of Finance and Administration. It took over deregulation policy and the Office of Best Practice Regulation from the Productivity Commission in the Treasury portfolio.

  • Renamed from Department of Finance and Administration · 3 December 2007
    • Budget and expenditure
    • Financial management framework
    • Property, procurement and ICT
    • Government business enterprises and asset sales
    • Ministerial and parliamentary services
  • Split from Productivity Commission · 3 December 2007
    • Office of Best Practice Regulation
    • Regulation impact statement oversight

Changes during its life

  • Part split off to form Moorebank Intermodal Company Limited · December 2012
    • Moorebank intermodal terminal project

    Planning for the terminal had been led by a project office in the department; the link is not confirmed.

How it ended

Renamed the Department of Finance on 18 September 2013 by the Administrative Arrangements Order made when the Abbott Ministry was sworn in; deregulation and the Office of Best Practice Regulation went to the Department of the Prime Minister and Cabinet.

  • Renamed to Department of Finance · 18 September 2013
    • Budget and expenditure
    • Financial management framework
    • Property, procurement and ICT
    • Government business enterprises
    • Ministerial and parliamentary services
  • Functions transferred to Department of the Prime Minister and Cabinet · 18 September 2013
    • Deregulation policy
    • Office of Best Practice Regulation

Main functions

  • Budget estimates and expenditure policy advice
  • Commonwealth financial management framework
  • Deregulation and best practice regulation (Office of Best Practice Regulation)
  • Government property, procurement and ICT policy
  • Shareholder oversight of government business enterprises and asset sales
  • Ministerial and parliamentary services and entitlements
  • Electoral matters
  • Commonwealth insurance (Comcover) and public sector superannuation

Bodies in this portfolio (3)

Lineage

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Sources