Department of the Treasury

Established on 1 January 1901 as one of the seven original Departments of State, created by the Governor-General in Council at the inauguration of the Commonwealth, with Sir George Turner as the first Treasurer and George Allen as secretary.

• Economic policy advice and forecasting
• Taxation and revenue policy
• Budget, public accounts and expenditure control (until 1976)
• Financial system, corporations and consumer policy
• Commonwealth–state financial relations
• Foreign investment review
• Invalid and old-age pensions (1909–1941)
• Census and statistics (from 1932)

Type of body

Non-corporate Commonwealth entity

Portfolio

Treasury

Accountable authority

Secretary of the Department – Public Governance, Performance and Accountability Act 2013 section 12(2) item 1

ABN

92 802 414 793

• Commonwealth Bureau of Census and Statistics 1905–1974
• Invalid and Old-Age Pensions Office 1909–1941
• Federal Land Tax Office 1910–1914
• Commonwealth Bank of Australia 1911–1960
• Note Printing Branch 1913–1998
• Federal Taxation Office 1914–1973
• Notes Board 1920–1924
• Royal Commission on Taxation 1920–1923
• Commonwealth Superannuation Board 1922–1976
• Federal Taxation Board of Appeal 1922–1925
• National Debt Commission 1923–1994
• Royal Commission on the Method for Determining the Unimproved Value of Land Held under Crown Leases 1924–1925
• Taxation Boards of Review 1925–1986
• Commonwealth Government Printing Office 1927–1970
• Commonwealth Savings Bank of Australia 1928–1993
• Royal Commission on Taxation 1932–1934
• Commonwealth Grants Commission 1933–present
• Royal Commission on Monetary and Banking Systems 1935–1937
• National Insurance Commission 1938–1939
• War Damage Commission 1942–1948
• Tax Agents' Boards 1943–2010
• Life Insurance Commissioner 1946–1987
• Defence Forces Retirement Benefits Board 1948–1972
• Commonwealth Trading Bank of Australia 1953–1984
• Commonwealth Banking Corporation 1960–1984
• Commonwealth Development Bank of Australia 1960–1991
• Reserve Bank of Australia 1960–present
• Decimal Currency Board 1963–1969
• Royal Australian Mint 1965–present
• Trade Practices Tribunal 1967–1995
• Australian Industry Development Corporation 1970–1997
• Australian Taxation Office 1973–present
• Insurance Commissioner 1973–1987
• Australian Bureau of Statistics 1974–present
• Industries Assistance Commission 1974–1990
• Temporary Assistance Authority 1974–1990
• Trade Practices Commission 1974–1995
• Bureau of Industry Economics 1977–1998
• Petroleum Products Pricing Authority 1981–1984
• Economic Planning Advisory Council 1983–1998
• Commonwealth Bank of Australia 1984–1996
• Prices Surveillance Authority 1984–1995
• Insurance and Superannuation Commission 1987–1998
• Australian Valuation Office 1988–2014
• Industry Commission 1990–1998
• Australian Accounting Standards Board 1991–present
• Australian Securities Commission 1991–1998
• Companies and Securities Advisory Committee 1991–2002
• Companies Auditors and Liquidators Disciplinary Board 1991–2017
• Corporations and Securities Panel 1991–2000
• Superannuation Complaints Tribunal 1994–2020
• Australian Competition and Consumer Commission 1995–present
• Australian Competition Tribunal 1995–present
• National Competition Council 1995–present
• Productivity Commission 1998–present
• Australian Prudential Regulation Authority 1998–present
• Australian Securities and Investments Commission 1998–present
• Note Printing Australia Limited 1998–present
• Australian Office of Financial Management 1999–present
• Financial Reporting Council 2000–present
• Takeovers Panel 2000–present
• Royal Commission into HIH Insurance 2001–2003
• Corporations and Markets Advisory Committee 2002–2018
• Australian Reinsurance Pool Corporation 2003–present
• Inspector-General of Taxation 2003–present
• Auditing and Assurance Standards Board 2004–present
• Tax Practitioners Board 2010–present
• Australian Charities and Not-for-profits Commission 2012–present
• Australian Small Business Commissioner 2013–2016
• Australian Financial Security Authority 2013–present
• Australian Small Business and Family Enterprise Ombudsman 2016–present
• Companies Auditors Disciplinary Board 2017–present
• National Housing Finance and Investment Corporation 2018–2023
• Financial Regulator Assessment Authority 2021–present
• Housing Australia 2023–present

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