Portfolio Minister — Treasurer
The Hon Josh Frydenberg MP
Minister for Population, Cities and Urban Infrastructure
The Hon Alan Tudge MP
Assistant Treasurer and Minister for Housing
The Hon Michael Sukkar MP
Assistant Minister for Superannuation, Financial Services and Financial Technology
Senator the Hon Jane Hume
Assistant Minister for Finance, Charities and Electoral Matters
Senator the Hon Zed Seselja
Department of the Treasury
Secretary, Dr Steven Kennedy
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.
Program 1.1: Department of the Treasury
Program 1.2: Payments to International Financial Institutions
Program 1.3: Support for Markets and Business
Program 1.4: General Revenue Assistance
Program 1.5: Assistance to the States for Healthcare Services
Program 1.6: Assistance to the States for Skills and Workforce Development
Program 1.7: Assistance to the States for Disability Services
Program 1.8: Assistance to the States for Affordable Housing
Program 1.9: National Partnership Payments to the States
Australian Bureau of Statistics
Australian Statistician, Dr David Gruen
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.
Program 1.1: Australian Bureau of Statistics
Australian Competition and Consumer Commission
Chair, Mr Rod Sims
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.
Program 1.1: Australian Competition and Consumer Commission
Program 1.2: Australian Energy Regulator
Australian Office of Financial Management
Chief Executive Officer, Mr Robert Nicholl
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.
Program 1.1: Australian Office of Financial Management
Australian Prudential Regulation Authority
Chair, Mr Wayne Byres
Outcome 1: Enhanced public confidence in Australia’s financial institutions through a framework of prudential regulation that balances financial safety and efficiency, competition, contestability and competitive neutrality and, in balancing these objectives, promotes financial system stability in Australia.
Program 1.1: Australian Prudential Regulation Authority
Australian Reinsurance Pool Corporation
Chief Executive Officer, Dr Christopher Wallace
Purpose: To protect Australia from economic losses caused by terrorism catastrophe.
Australian Securities and Investments Commission
Chair, Mr James Shipton
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.
Program 1.1: Australian Securities and Investments Commission
Program 1.2: Banking Act 1959, Life Insurance Act 1995, unclaimed monies and special accounts
Australian Taxation Office
Commissioner, Mr Chris Jordan AO
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.
Program 1.1: Australian Taxation Office
Program 1.2: Tax Practitioners Board
Program 1.3: Australian Business Register
Program 1.4: Australian Charities and Not-for-profits Commission
Program 1.5: Australian Screen Production Incentive
Program 1.6: Junior Minerals Exploration Incentive
Program 1.7: Fuel Tax Credits Scheme
Program 1.8: National Rental Affordability Scheme
Program 1.9: Product Stewardship for Oil
Program 1.10: Research and Development Tax Incentive
Program 1.11: Low Income Superannuation Tax Offset
Program 1.12: Private Health Insurance Rebate
Program 1.13: Superannuation Co-contribution Scheme
Program 1.14: Superannuation Guarantee Scheme
Program 1.15: Targeted Assistance through the Taxation System
Program 1.16: Interest on Overpayment and Early Payments of Tax
Program 1.17: Bad and Doubtful Debts and Remissions
Program 1.18: Other Administered
Commonwealth Grants Commission
Secretary, Mr Michael Willcock
Outcome 1: Informed Government decisions on fiscal equalisation between the States and Territories through advice and recommendations on the distribution of GST revenue
Program 1.1: Commonwealth Grants Commission
Financial Adviser Standards and Ethics Authority Limited
Chief Executive Officer, Mr Stephen Glenfield
Outcome 1: Strengthen the professional and ethical standards of financial advisers through enhancing educational and training requirements and ethical standards to improve consumer outcomes.
Infrastructure and Project Financing Agency
Chief Executive Officer, Ms Leilani Frew
Outcome 1: To leverage additional private sector investment in infrastructure and secure better returns from the Commonwealth's investment by assisting the Government to identify, assess, and broker financing opportunities for infrastructure and projects, including through engagement with Commonwealth entities, State and Territory Governments, and the private sector.
Program 1.1: Infrastructure and Project Financing Agency
Inspector-General of Taxation
Inspector-General, Ms Karen Payne
Outcome 1: Improved tax administration through investigation of complaints, conducting reviews, public reporting and independent advice to government and its relevant entities.
Program 1.1: Inspector-General of Taxation
National Competition Council
President, Ms Julie-Anne Schafer
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.
Program 1.1: National Competition Council
National Housing Finance and Investment Corporation
Chair, Mr Brendan Crotty
Outcome 1: Improved housing outcomes for Australians, including through financial and other assistance to improve the efficiency and scale of the community housing sector, as well as for critical infrastructure that increases housing supply.
Office of the Auditing and Assurance Standards Board
Chair, Dr Roger Simnett AO
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.
Program 1.1: Auditing and Assurance Standards Board
Office of the Australian Accounting Standards Board
Chair, Dr Keith Kendall
Outcome 1: The formulation and making of external reporting standards that are used by Australian entities to prepare financial reports and enable users of these reports to make informed decisions.
Program 1.1: Australian Accounting Standards Board
Chair, Mr Michael Brennan
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.
Program 1.1: Productivity Commission
Reserve Bank of Australia
Governor: Mr Philip Lowe
Purpose: In its role as Australia’s central bank, the Reserve Bank of Australia determines and implements monetary policy, fosters financial stability, undertakes a range of activities in financial markets, acts as a banker to the Australian Government, issues Australia’s banknotes and has policy, supervisory and operational roles in the payments system.
Royal Australian Mint
Chief Executive Officer, Mr Ross MacDiarmid
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.
Program 1.1: Royal Australian Mint