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Treasury Portfolio Ministers

13th Dec 2019 - 31st Jan 2020
Official portrait of Jane Hume
Senator for VIC Jane Hume
Assistant Minister for Superannuation, Financial Services and Financial Technology
13th Dec 2019 - 31st Jan 2020
Official portrait of Michael Sukkar
Member for Deakin Michael Sukkar
Assistant Treasurer, Minister for Housing
13th Dec 2019 - 31st Jan 2020
Official portrait of Josh Frydenberg
Member for Kooyong Josh Frydenberg
Treasurer

Treasury Portfolio Outcomes

14 Outcomes were announced in the April 2019 PBS

Agency Outcome April 2019
Department of the Treasury
Outcome 1:
Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth, through the provision of advice to Treasury Ministers and the efficient administration of Treasury's functions
$141,617,889,000
Australian Taxation Office
Outcome 1:
Outcome 1: Confidence in the administration of aspects of Australia's taxation and superannuation systems through helping people understand their rights and obligations, improving ease of compliance and access to benefits, and managing non-compliance with the law
$23,548,235,000
Australian Office of Financial Management
Outcome 1:
Outcome 1: The advancement of macroeconomic growth and stability, and the effective operation of financial markets, through issuing debt, investing in financial assets and managing debt, investments and cash for the Australian Government
$17,833,726,000
Australian Prudential Regulation Authority
Outcome 1:
Outcome 1: Enhanced public confidence in Australia's financial institutions through a framework of prudential regulation which balances financial safety and efficiency, competition, contestability and competitive neutrality and, in balancing these objectives, promotes financial system stability in Australia
$634,278,000
Australian Securities and Investments Commission
Outcome 1:
Outcome 1: Improved confidence in Australia's financial markets through promoting informed investors and financial consumers, facilitating fair and efficient markets and delivering efficient registry systems
$588,598,000
Australian Bureau of Statistics
Outcome 1:
Outcome 1: Decisions on important matters made by governments, business and the broader community are informed by objective, relevant and trusted official statistics produced through the collection and integration of data, its analysis, and the provision of statistical information
$457,398,000
Australian Competition and Consumer Commission
Outcome 1:
Outcome 1: Lawful competition, consumer protection, and regulated national infrastructure markets and services through regulation, including enforcement, education, price monitoring and determining the terms of access to infrastructure services
$245,774,000
Royal Australian Mint
Outcome 1:
Outcome 1: The coinage needs of the Australian economy, collectors and foreign countries are met through the manufacture and sale of circulating coins, collector coins and other minted like products
$153,557,000
Productivity Commission
Outcome 1:
Outcome 1: Well-informed policy decision-making and public understanding on matters relating to Australia's productivity and living standards, based on independent and transparent analysis from a community-wide perspective
$34,772,000
Commonwealth Grants Commission
Outcome 1:
Outcome 1: Informed Government decisions on fiscal equalisation between the States and Territories through advice and recommendations on the distribution of GST revenue
$8,335,000
Inspector General of Taxation
Outcome 1:
Outcome 1: Improved tax administration through investigation of complaints, conducting reviews, public reporting and independent advice to Government and its relevant entities
$6,795,000
Office of the Australian Accounting Standards Board
Outcome 1:
Outcome 1: The formulation and making of accounting standards that are used by Australian entities to prepare financial reports and enable users of these reports to make informed decisions
$4,816,000
Office of the Auditing and Assurance Standards Board
Outcome 1:
Outcome 1: The formulation and making of auditing and assurance standards that are used by auditors of Australian entity financial reports or for other auditing and assurance engagements
$2,492,000
National Competition Council
Outcome 1:
Outcome 1: Competition in markets that are dependent on access to nationally significant monopoly infrastructure, through recommendations and decisions promoting the efficient operation of, use of and investment in infrastructure
$1,732,000

7 Outcomes have changed in the March 2020 PAES

Agency Outcome March 2020
Department of the Treasury
Outcome 1:
Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth, through the provision of advice to Treasury Ministers and the efficient administration of Treasury's functions
$141,567,506,000
Australian Taxation Office
Outcome 1:
Outcome 1: Confidence in the administration of aspects of Australia's taxation and superannuation systems through helping people understand their rights and obligations, improving ease of compliance and access to benefits, and managing non-compliance with the law
$22,925,444,000
Australian Securities and Investments Commission
Outcome 1:
Outcome 1: Improved confidence in Australia's financial markets through promoting informed investors and financial consumers, facilitating fair and efficient markets and delivering efficient registry systems
$602,738,000
Australian Competition and Consumer Commission
Outcome 1:
Outcome 1: Lawful competition, consumer protection, and regulated national infrastructure markets and services through regulation, including enforcement, education, price monitoring and determining the terms of access to infrastructure services
$270,157,000
Inspector General of Taxation
Outcome 1:
Outcome 1: Improved tax administration through investigation of complaints, conducting reviews, public reporting and independent advice to Government and its relevant entities
$6,898,000
Office of the Australian Accounting Standards Board
Outcome 1:
Outcome 1: The formulation and making of accounting standards that are used by Australian entities to prepare financial reports and enable users of these reports to make informed decisions
$4,899,000
Office of the Auditing and Assurance Standards Board
Outcome 1:
Outcome 1: The formulation and making of auditing and assurance standards that are used by auditors of Australian entity financial reports or for other auditing and assurance engagements
$2,491,000

The Treasury Portfolio has 14 agencies in the PBS

AgencyApril 2019
1 Department of the Treasury 141,617,889,000
2 Australian Taxation Office 23,548,235,000
3 Australian Office of Financial Management 17,833,726,000
4 Australian Prudential Regulation Authority 634,278,000
5 Australian Securities and Investments Commission 588,598,000
6 Australian Bureau of Statistics 457,398,000
7 Australian Competition and Consumer Commission 245,774,000
8 Royal Australian Mint 153,557,000
9 Productivity Commission 34,772,000
10 Commonwealth Grants Commission 8,335,000
11 Inspector General of Taxation 6,795,000
12 Office of the Australian Accounting Standards Board 4,816,000
13 Office of the Auditing and Assurance Standards Board 2,492,000
14 National Competition Council 1,732,000

7 agencies in the Treasury Portfolio reported changes in the PAES

AgencyMarch 2020
1 Department of the Treasury 141,567,506,000
2 Australian Taxation Office 22,925,444,000
3 Australian Securities and Investments Commission 602,738,000
4 Australian Competition and Consumer Commission 270,157,000
5 Inspector General of Taxation 6,898,000
6 Office of the Australian Accounting Standards Board 4,899,000
7 Office of the Auditing and Assurance Standards Board 2,491,000

7 agencies remain unchanged at March 2020

March 2020
1 Australian Bureau of Statistics 457,398,000
2 Australian Office of Financial Management 17,833,726,000
3 Australian Prudential Regulation Authority 634,278,000
4 Commonwealth Grants Commission 8,335,000
5 National Competition Council 1,732,000
6 Productivity Commission 34,772,000
7 Royal Australian Mint 153,557,000

Program figures as at April 2018. Figures in billions

Commonwealth Grants Commission

Year to DateCurrentEstimateProjectionProjection
2018-192019-202020-212021-222022-23
0.006 0.008 0.009 0.008 0.008

Revised figures PAES (changed programs only).