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The Australian Treasury was established in Melbourne in January 1901, after the federation of the six Australian colonies. [3] In 1910, the federal government passed the Australian Notes Act 1910 which gave control over the issue of Australian bank notes to The Treasury and prohibited the circulation of state notes and withdrew their status as legal tender.
The Treasurer is the minister in charge of government revenue and expenditure. The Treasurer oversees economic policy: fiscal policy is within the Treasurer's direct responsibility, while monetary policy is implemented by the politically independent Reserve Bank of Australia, the head of which is appointed by the Treasurer.
The Assistant Treasurer of Australia is the minister of state of the Commonwealth of Australia charged with assisting the Treasurer with overseeing government revenue collection, federal expenditure and economic policy as the head of the Department of the Treasury.
This is a non-diffusing subcategory of Category:Australian public servants. It includes people that can also be found in the parent category, or in diffusing subcategories of the parent. The Secretary of the Department of the Treasury is the highest-ranking public servant in the Australian Department of the Treasury .
The Australian government debt is the amount owed by the Australian federal government. The Australian Office of Financial Management, which is part of the Treasury Portfolio , is the agency which manages the government debt and does all the borrowing on behalf of the Australian government. [ 3 ]
On 12 July 2018, Prime Minister Malcolm Turnbull announced that Fraser had resigned as Treasury Secretary, effective 31 July, and that he would be replaced by Philip Gaetjens. [ 11 ] Fraser was a member of the Board of Governors at the Marymount International School in Kingston-upon-Thames from 2007 to 2012.
The Australian Taxation Office (ATO) is an Australian statutory agency and the principal revenue collection body for the Australian Government. The ATO has responsibility for administering the Australian federal taxation system , superannuation legislation, and other associated matters.
The Treasurer of Western Australia is the title held by the Cabinet Minister who is responsible for the management of Western Australia's public sector finances, and for preparing and delivering the annual State Budget.