Governing the City State - Chief Minister and Treasury Directorate ...

Department of Treasury(Option A – Chief Minister’s Department, Finance Directorate - Treasurer)(Option B – Finance Directorate – Treasurer)OverviewThe role of the central agencies was the subject of considerable discussion duringconsultations for the Review. The current Treasury provides strategic taxation, financial andeconomic policy advice and services to the ACT Government. As part of this support, itplays a crucial role in overseeing expenditure by the ACTPS, and scrutinising and providingassurance to Cabinet on the costings of new policy proposals. In the Commonwealth andother states, this task is usually referred to as the “Finance” function.Given the importance of this function to the work of the current Treasury, and in partreflecting the relative size of the ACT economy in the national context, the Reviewrecommends this function be recognised in the Directorate’s name.Treasury currently reports to two Ministers in two ministries:Minister Portfolio FunctionsKaty Gallagher MLA Treasurer Budget and financial reportingCompetition policyFiscal and economic policyGovernment business enterprises ownership policyInsurancePublic Sector Superannuation Fund ManagementRegulatory reformTaxation and revenueAndrew Barr MLAMinister for Gamingand RacingGamingRacingAdministrative ArrangementsTreasury was created in August 1999 as the Department of Treasury and Infrastructure out ofthe Office of Asset Management and Office of Financial Management in CMD. InAdministrative Arrangements Changes: 131