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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.
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.
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 .
Fraser graduated from Monash University in Australia in 1972 with a first class honours degree in Economics. He worked for the Australian Treasury, including two international postings to Washington DC, firstly at the International Monetary Fund and then as Economic Minister at the Australian embassy.
He joined the Australian Public Service in the Department of Defence in 1908. [1] During World War II, he was transferred on a temporary basis to the Department of the Treasury, serving as the head of the defence division in Melbourne. [1] He became the Secretary of the Treasury in November 1948, after having acted in the role since February 1948.
Principal entities are Australian Government entities that are defined in the Public Governance, Performance and Accountability Act 2011 as either a: Principal non-corporate Commonwealth entity - such as a cabinet department; Principal corporate Commonwealth entity - such as the CSIRO or Reserve Bank of Australia