Australian Treasury

Department of the Treasury

The main office of the Department of the Treasury, located in Parkes, ACT.
Agency overview
Formed	January 1901
Jurisdiction	Australia
Headquarters	Parkes, Canberra, Australian Capital Territory
Employees	1,056 (at April 2013)
Ministers responsible	Scott Morrison MP, Treasurer Kelly O'Dwyer, Assistant Treasurer Kelly O'Dwyer, Minister for Small Business
Agency executive	John Fraser, Secretary to the Treasury
Parent agency	Australian Government
Child agencies	Reserve Bank of Australia Australian Bureau of Statistics Australian Competition and Consumer Commission Australian Securities and Investments Commission Australian Taxation Office Corporations and Markets Advisory Committee Inspector-General of Taxation National Competition Council Auditing and Assurance Standards Board Australian Accounting Standards Board Productivity Commission Australian Reinsurance Pool Corporation
Website	Department of the Treasury Website

The Department of the Treasury (or The Treasury) is the Australian Government department responsible for economic policy, fiscal policy, market regulation, and the Australian federal budget. Formed at the Federation of Australia, The Treasury is one of the oldest continuous departments of the Australian Government.

The head of the department is the Secretary to the Treasury, presently John Fraser, who reports to the Treasurer of Australia, presently the Hon. Scott Morrison MP and the Minister for Revenue and Financial Services, presently the Hon. Kelly O'Dwyer MP.

The Commonwealth Treasury was established in Melbourne in January 1901. The department is focused on developing Australian taxation system, land and income tax and economic policies.

The department is divided into four groups, Fiscal, Macroeconomic, Revenue and Markets with support coming from the Corporate Services Division. These groups were established to meet four policy outcomes:

The department works with the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission and the Reserve Bank of Australia via the Council of Financial Regulators Working Group to ensure that market operators have appropriate oversight and to facilitate crisis management if required.

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