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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 of Australia, also known as the Federal Treasurer or more simply the Treasurer, is the minister of state of the Commonwealth of Australia charged with overseeing government revenue collection, federal expenditure and economic policy as the head of the Department of the Treasury.
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.
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.
As of December 2023, there are 1,334 government entities reportable to the Australian Government Organisations Register. This includes: [ 2 ] [ 3 ] 191 "principal" entities, including non-corporate Commonwealth entities (such as the 20 cabinet departments ), corporate Commonwealth entities, and Commonwealth companies
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]
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 .
Unlike in many countries, Australia's Department of Finance does not deal with general economic policy, which is the responsibility of the Department of the Treasury. The Treasurer has a wider range of powers and responsibilities than the Minister for Finance, who has a comparatively narrower portfolio.