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Finance Portfolio Ministers

13th Dec 2019 - 31st Jan 2020
Official portrait of Zed Seselja
Senator for ACT Zed Seselja
Assistant Minister for Finance, Charities and Electoral Matters
13th Dec 2019 - 31st Jan 2020
Official portrait of Mathias Cormann
Senator for WA Mathias Cormann
Minister for Finance

Finance Portfolio Outcomes

7 Outcomes were announced in the April 2019 PBS

Agency Outcome April 2019
Department of Finance
Outcome 2:
Outcome 2: Support an efficient and high-performing public sector through providing leadership to Commonwealth entities in ongoing improvements to public sector governance, including through systems, frameworks, policy, advice and service delivery.
$11,012,279,000
Department of Finance
Outcome 3:
Outcome 3: Support for Parliamentarians and others as required by the Australian Government through the delivery of, and advice on, work expenses and allowances, entitlements and targeted programs.
$535,307,000
Australian Electoral Commission
Outcome 1:
Outcome 1: Maintain an impartial and independent electoral system for eligible voters through active electoral roll management, efficient delivery of polling services, and targeted education and public awareness programs.
$164,107,000
Commonwealth Superannuation Corporation
Outcome 1:
Outcome 1: Retirement and insurance benefits for scheme members and beneficiaries, including past, present and future employees of the Australian Government and other eligible employers and members of the Australian Defence Force, through investment and administration of their superannuation funds and schemes.
$119,969,000
Department of Finance
Outcome 1:
Outcome 1: Support sustainable Australian Government finances through providing high quality policy advice and operational support to the government and Commonwealth entities to maintain effective and efficient use of public resources.
$106,874,000
Future Fund Management Agency
Outcome 1:
Outcome 1: Strengthen the Commonwealth?s financial position for the benefit of the Australian people, by managing the investment activities of the Future Fund and certain other Australian Government investment funds in line with their Investment Mandates.
$92,128,000
Independent Parliamentary Expenses Authority
Outcome 1:
Outcome 1: Support for current and former parliamentarians and others as required by the Australian Government through the delivery of, independent oversight and advice on, work resources and travel resources.
$78,068,000

5 Outcomes have changed in the March 2020 PAES

Agency Outcome March 2020
Department of Finance
Outcome 2:
Outcome 2: Support an efficient and high-performing public sector through providing leadership to Commonwealth entities in ongoing improvements to public sector governance, including through systems, frameworks, policy, advice and service delivery.
$10,867,545,000
Department of Finance
Outcome 3:
Outcome 3: Support for Parliamentarians and others as required by the Australian Government through the delivery of, and advice on, work expenses and allowances, entitlements and targeted programs.
$544,081,000
Australian Electoral Commission
Outcome 1:
Outcome 1: Deliver Electoral Events: Maintain an impartial and independent electoral system for eligible voters through active electoral roll management, efficient delivery of polling services, and targeted education and public awareness programs.
$165,745,000
Department of Finance
Outcome 1:
Outcome 1: Support sustainable Australian Government finances through providing high quality policy advice and operational support to the government and Commonwealth entities to maintain effective and efficient use of public resources.
$104,771,000
Independent Parliamentary Expenses Authority
Outcome 1:
Outcome 1: Support for current and former Parliamentarians and other as required by the Australian Government through the delivery of, independent oversight and advice on, work resources and travel resources.
$80,560,000

The Finance Portfolio has 5 agencies in the PBS

AgencyApril 2019
1 Department of Finance 11,654,460,000
2 Australian Electoral Commission 164,107,000
3 Commonwealth Superannuation Corporation 119,969,000
4 Future Fund Management Agency 92,128,000
5 Independent Parliamentary Expenses Authority 78,068,000

3 agencies in the Finance Portfolio reported changes in the PAES

AgencyMarch 2020
1 Department of Finance 11,516,397,000
2 Australian Electoral Commission 165,745,000
3 Independent Parliamentary Expenses Authority 80,560,000

2 agencies remain unchanged at March 2020

March 2020
1 Commonwealth Superannuation Corporation 119,969,000
2 Future Fund Management Agency 92,128,000

Program figures as at April 2018. Figures in billions

Independent Parliamentary Expenses Authority

Year to DateCurrentEstimateProjectionProjection
2018-192019-202020-212021-222022-23
0.081 0.078 0.078 0.084 0.081

Revised figures PAES (changed programs only).

Independent Parliamentary Expenses Authority travel oversight and reporting

Year to DateCurrentEstimateProjectionProjection
2018-192019-202020-212021-222022-23
0.073 0.081 0.080 0.086 0.083