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Department Of The Treasury (Australia)
The Department of the Treasury, also known as The Treasury, is the national treasury and financial department of the federal government of the Commonwealth of Australia. The treasury is responsible for executing economic and fiscal policy, market regulation and the delivery of the federal budget with the department overseeing 16 agencies. The Treasury is one of only two departments that have existed continuously since Federation in 1901, the other being the Department of the Attorney-General. The most senior public servant in the Treasury is the department secretary, currently Steven Kennedy who was appointed in September 2019. Ministerial responsibility for the department lies with the Treasurer, currently Jim Chalmers who took office in the Albanese government in May 2022. Other ministers in the department are Clare O'Neil, who is the Minister for Housing, Minister for Homelessness and Minister for Cities; Anne Aly, who is the Minister for Small Business; and Da ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canberra
Canberra ( ; ) is the capital city of Australia. Founded following the Federation of Australia, federation of the colonies of Australia as the seat of government for the new nation, it is Australia's list of cities in Australia, largest inland city, and the list of cities in Australia by population, eighth-largest Australian city by population. The city is located at the northern end of the Australian Capital Territory at the northern tip of the Australian Alps, the country's highest mountain range. Canberra's estimated population was 473,855. The area chosen for the capital had been inhabited by Aboriginal Australians for up to 21,000 years, by groups including the Ngunnawal and Ngambri. history of Australia (1788–1850), European settlement commenced in the first half of the 19th century, as evidenced by surviving landmarks such as St John the Baptist Church, Reid, St John's Anglican Church and Blundells Cottage. On 1 January 1901, federation of the colonies of Australi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Government
The Australian Government, also known as the Commonwealth Government or simply as the federal government, is the national executive government of Australia, a federal parliamentary constitutional monarchy. The executive consists of the prime minister, cabinet ministers and other ministers that currently have the support of a majority of the members of the House of Representatives (the lower house) and also includes the departments and other executive bodies that ministers oversee. The current executive government consists of Anthony Albanese and other ministers of the Australian Labor Party (ALP), in office since the 2022 federal election. The prime minister is the head of the federal government and is a role which exists by constitutional convention, rather than by law. They are appointed to the role by the governor-general (the federal representative of the monarch of Australia). The governor-general normally appoints the parliamentary leader who commands the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In Australia
Income taxes are the most significant form of taxation in Australia, and collected by the federal government through the Australian Taxation Office (ATO). Australian GST revenue is collected by the Federal government, and then paid to the states under a distribution formula determined by the Commonwealth Grants Commission. Australians pay tax for the provision of healthcare, education, defense, roads and railways and for payments to welfare, disaster relief and pensions. Definition The "classic definition" of a tax used by the High Court derived from '' Matthews v Chicory Marketing Board (Vic)'' (1938), where Chief Justice John Latham stated that a tax was "a compulsory exaction of money by a public authority for public purposes, enforceable by law, and is not a payment for services rendered". In a series of judgments under the Mason court – including ''Air Caledonie International v Commonwealth'' (1988), '' Northern Suburbs General Cemetery Reserve Trust v Commonwea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Australia
The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. The bank's main policy role is to control inflation levels within a target range of 2–3%, by controlling the unemployment rate according to the 'non-accelerating inflation rate of unemployment' (NAIRU) by controlling the official cash rate. The NAIRU was implemented in most western nations after 1975, and has been maintained at a target of 5–6% unemployment. The average unemployment rate in Australia between the end of the Second World War and the implementation of the NAIRU was consistently between 1 and 2%. Since the implementation of the NAIRU, the average unemployment rate in Australia has been close to 6%. The RBA also provides services to the Government of Australia and services to other central banks and official institutions. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Bank
The Commonwealth Bank of Australia (CBA), also known as Commonwealth Bank or simply CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States, and the United Kingdom. It provides a variety of financial services, including retail, business and institutional banking, funds management, superannuation, insurance, investment, and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of July 2024, with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Its former constituent parts were the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia, and the Commonwealth Development Bank. Founded in 1911 by the Australian Government and fully privatised in 1996, the Commonwealth Bank is one of the big four Australian banks, with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Notes Act 1910
The ''Australian Notes Act 1910'' was an Act of the Parliament of Australia which allowed for the creation of Australia's first national banknotes. In conjunction with the ''Coinage Act 1909'' it created the Australian pound as a separate national currency from the pound sterling. The act was enacted on 16 September 1910 by the Fisher Labour Government under Section 51 (xii) of the Constitution of Australia, which gives the Commonwealth Parliament the power to legislate with respect to “currency, coinage, and legal tender.” The act gave control over the issue of Australian notes to the Commonwealth Treasury and prohibited the circulation of state notes and withdrew their status as legal tender.Reserve Bank of AustraliaHistory of Banknotes/ref> The '' Bank Notes Tax Act 1910'', enacted in October of that year imposed a prohibitive tax on banknotes issued by banks in Australia by imposing an annual tax of 10% on "all bank notes issued or re-issued by any bank in the Common ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of The Prime Minister And Cabinet (Australia)
The Department of the Prime Minister and Cabinet (PM&C) is a department of the Australian Government with broad-ranging responsibilities; notably, intergovernmental and whole of government policy coordination and assisting the prime minister of Australia in managing the Federal Cabinet. The PM&C was established in 1971 and traces its origins back to the Prime Minister's Department established in 1911. The role of PM&C is to support the policy agenda of the prime minister and Cabinet through high-quality policy advice and the coordination of the implementation of key government programs, to manage Aboriginal and Torres Strait Islander policy and programs and to promote reconciliation, to provide leadership for the Australian Public Service alongside the Australian Public Service Commission, to oversee the honours and symbols of the Commonwealth, to provide support to whole of government services, manage Australia's honours policies, and perform other functions. The departm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Leigh
Andrew Keith Leigh (born 3 August 1972) is an Australian politician, author, lawyer and former professor of economics at the Australian National University. He currently serves as the Assistant Minister for Productivity, Competition, Charities and Treasury. He briefly served as the Parliamentary Secretary to Prime Minister Julia Gillard in 2013 and then served as Shadow Assistant Treasurer from 2013 to 2019. He has been a Labor member of the Australian House of Representatives since 2010 representing the seat of Fraser until 2016 and Fenner thereafter. Leigh is not a member of any factions of the Labor Party. Early life and education Both Leigh's parents are academics and both came from homes of social activists "in the Christian socialist tradition". Leigh's maternal grandfather, a boilermaker and Methodist lay preacher, used the family's spare room to shelter a constant stream of refugees from places like Cambodia and Chile, who were escaping the regimes of Pol Pot and Augu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albanese Government
The Albanese government is the current federal executive government of Australia, led by Prime Minister Anthony Albanese of the Labor Party. The Albanese government was sworn in on 23 May 2022 by the Governor-General of Australia, David Hurley. The party initially governed with a two-seat majority of 77 seats in the House of Representatives and a minority in the Senate. Albanese succeeded the Morrison government with the Liberal-National Coalition being defeated in the 2022 election, and was the first Labor government to be elected at the federal level since the Rudd government was defeated at the 2013 election. The Albanese government went on to win the 2025 election with a growing majority, becoming the first leader to win a second consecutive term of government since the 2004 election. Background 2022 federal election The 2022 election was called by Morrison on 10 April 2022, when he visited the Governor-General advising the latter to prorogue Parliament and diss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Departmental Secretary
In Australia, a departmental secretary is the most senior public servant of an Australian Government or state government department. They are typically responsible for the day-to-day actions of a department. Role A departmental secretary is in theory, a non-political, non-elected public servant head (and "responsible officer") of government departments, who generally holds their position for a number of years. A departmental secretary works closely with the elected government minister that oversees the Commonwealth department or state government department in order to bring about policy and program initiatives that the government of day was elected to achieve. A departmental secretary works with other departments and agencies to ensure the delivery of services and programs within the nominated area of responsibility. The secretary is also known as the chief executive of the department; the position is equivalent to the permanent secretary of a government department in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Attorney-General's Department (Australia)
The Attorney-General's Department, also known as the Department of the Attorney-General, is the law enforcement and justice department of the Australian Government. The department is responsible for improving Australia's Law of Australia, federal law and justice framework and provides legal services to the Australian Government. The department also oversees various sub-agencies and services including the Australian Security Intelligence Organisation (ASIO), the Australian Federal Police (AFP), the Australian Human Rights Commission (AHRC) and the Director of Public Prosecutions (Australia), Director of Public Prosecutions. The head of the department is Attorney-General for Australia, currently Michelle Rowland, who is assisted by the Departmental secretary, Secretary of the Attorney-General's Department, currently Katherine Jones . History The Attorney-General's Department is one of seven original Commonwealth Departments of state, commencing with the Commonwealth of Australia on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
