As a central agency of the Australian Government, the Department of Finance (Finance) plays an important role in assisting government across a wide range of policy areas to ensure its outcomes are met, particularly with regard to expenditure, financial management, and the operations of government.
Essential services delivered by Finance include supporting the delivery of the Australian Government Budget, the ongoing management of the Australian Government's non-defence domestic property portfolio and key asset sales. Finance is also responsible for the financial framework for Australian Government Agencies. Additionally, Finance provides entitlements advice and support to parliamentarians and their employees, maintains shareholder oversight for Government Business Enterprises (GBEs), provides general insurance services to government agencies and promotes improved risk management. Finance also provides strategic advice, guidance and service provision for the productive application of new and existing information and communication technologies to government operations.
Sections
Key People
One Canberra Avenue Forrest ACT 2603
Further information
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Type of Body
A. Non-corporate Commonwealth entity
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GFS Sector Classification
GGS
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Established By / Under
Constitution and Administrative Arrangement Orders
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Annual Report Prepared and tabled?
Yes
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Classification
A. Primary body
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GFS Function / Sector Reported
General Public Services
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Materiality
Material
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PS Act Body
Yes - Department
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Auditor
ANAO
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Creation Date
Other boards and structures
- Australian Political Exchange Council
- Budget and Financial Framework Advisory Committee
- COMCAR
- Comcover
- Commonwealth Superannuation Scheme
- Data and Digital Ministers' Meeting
- Defence Force Retirement and Death Benefits Scheme
- Future Fund Designated Actuary
- Heads of Treasury Accounting and Reporting Advisory Committee (Australia)
- Military Superannuation and Benefits Scheme
- Office of the National Data Commissioner
- Parliamentary Retiring Allowances Trust
- Public Sector Superannuation Accumulation Plan
- Public Sector Superannuation Scheme
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