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Minister For Finance And Administration (Australia)
The Minister for Finance in the Government of Australia is responsible for monitoring government expenditure and financial management. The current minister is Senator Katy Gallagher who has held the position since May 2022. In the Government of Australia, the minister supplements the role of the Treasurer, being responsible for areas such as government expenditure, financial management, and the operations of government. The minister administers the portfolio through the Department of Finance. The Finance Minister is in effect the deputy Treasurer (not to be confused with the Assistant Treasurer), as the Finance Minister acts as the Treasurer in the Treasurer's absence. Unlike the Treasurer, who by convention has been a member of the House of Representatives, the Finance Minister may come from either House of Parliament. List of ministers The portfolio was first created in 1977 by Malcolm Fraser's Liberal Party of Australia government as Minister for Finance. It was subseq ...
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Katy Gallagher
Katherine Ruth Gallagher (born 18 March 1970) is an Australian politician who has been serving as the Minister for Finance, Minister for Women, Minister for the Public Service and Vice-President of the Executive Council in the Albanese Government since 2022, and formerly served as the 6th Chief Minister of the Australian Capital Territory from 2011 to 2014. She has been a Senator for the Australian Capital Territory since the 2019 federal election, as a member of the Australian Labor Party (ALP). She previously served in the Senate from 2015 to 2018. Gallagher grew up in Canberra and was a social worker and union organiser with the Community and Public Sector Union (CPSU) before entering politics. She was elected to the Australian Capital Territory Legislative Assembly in 2001, representing the electorate of Molonglo. She was made a minister under Jon Stanhope in 2002, and appointed Deputy Chief Minister in 2006. Gallagher became Chief Minister in 2011 after Stanhope' ...
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Margaret Guilfoyle
Dame Margaret Georgina Constance Guilfoyle (; née McCartney; 15 May 192611 November 2020) was an Australian politician who served as a senator for Victoria from 1971 to 1987, representing the Liberal Party. She was the first woman to hold a cabinet-level ministerial portfolio in Australia and served as a minister for the duration of the Fraser Government. Guilfoyle was successively Minister for Education (1975), Minister for Social Security (1975–1980) and Minister for Finance (1980–1983). She worked as an accountant before entering politics and in retirement held various positions in the public and non-profit sectors. Early life Guilfoyle was born Margaret Georgina Constance McCartney on 15 May 1926 in Belfast, Northern Ireland. She was the second of three children born to Elizabeth Jane (née Ellis) and William McCartney; her father worked as a civil servant and her mother was a schoolteacher before her marriage. The family immigrated to Australia in 1928, settling in ...
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Penny Wong
Penelope Ying-Yen Wong (born 5 November 1968) is an Australian politician who has been Minister for Foreign Affairs (Australia), Minister for Foreign Affairs and Leader of the Government in the Senate (Australia), Leader of the Government in the Senate in the Albanese Government since 2022. A member of the Australian Labor Party (ALP), she has been a Australian Senate, Senator for South Australia since 2002. Wong previously served as Minister for Climate Change (Australia), Minister for Climate Change and Minister for Finance and Deregulation (Australia), Minister for Finance and Deregulation during the governments of Kevin Rudd and Julia Gillard from 2007 until 2013. Born in Malaysia to a Chinese Malaysian father and a Anglo-Celtic Australians, British Australian mother, Wong was educated at Scotch College, Adelaide, Scotch College in Adelaide, before attending the University of Adelaide, graduating with Bachelor of Arts and Bachelor of Laws degrees. Prior to beginning her polit ...
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Wayne Swan
Wayne Maxwell Swan (born 30 June 1954), often colloquially referred to as Swanny, is an Australian politician who is National President of the Labor Party. He was previously the Deputy Prime Minister of Australia and Deputy Leader of the Labor Party from 2010 to 2013, and the Treasurer of Australia from 2007 to 2013. Swan was first elected to the House of Representatives in 1993 for Lilley in Queensland, although he lost this seat in 1996. He regained the seat in 1998 and represented it until retiring in 2019. Following Labor's victory in 2007, Swan was appointed Treasurer of Australia by Prime Minister Kevin Rudd. In this position, he played a key role in Australia's response to the Global Financial Crisis throughout 2008 and 2009. In 2010, after Julia Gillard became Prime Minister, Swan was elected unopposed as her deputy and was subsequently sworn in as Deputy Prime Minister. In 2011, Swan was named Finance Minister of the Year by ''Euromoney'' magazine, joining Paul Keati ...
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Julia Gillard
Julia Eileen Gillard (born 29 September 1961) is an Australian former politician who served as the 27th prime minister of Australia from 2010 to 2013, holding office as leader of the Australian Labor Party (ALP). She is the first and only female prime minister in Australian history. Born in Barry, Wales, Gillard migrated with her family to Adelaide in South Australia in 1966. She attended Mitcham Demonstration School and Unley High School. Gillard went on to study at the University of Adelaide, but switched to the University of Melbourne in 1982, where she graduated with a Bachelor of Laws in 1986 and a Bachelor of Arts in 1989. During this time, she was president of the Australian Union of Students from 1983 to 1984. In 1987, Gillard joined the law firm Slater & Gordon, eventually becoming a partner in 1990, specialising in industrial law. In 1996, she became chief of staff to John Brumby, the Leader of the Opposition in Victoria. Gillard was first elected to the ...
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Lindsay Tanner
Lindsay James Tanner (born 24 April 1956) is a former Australian politician. A member of the Australian Labor Party (ALP), he represented the seat of Melbourne in the House of Representatives from 1993 to 2010 and served as Minister for Finance in the Rudd and Gillard Governments from 2007 to 2010. Background Tanner was born in the East Gippsland town of Orbost. He studied at the local state primary school before obtaining a scholarship to Gippsland Grammar School in Sale, where he graduated as dux in 1973. He graduated from the University of Melbourne with a Bachelor of Laws with Honours and a Bachelor of Arts with Honours, and later a Master of Arts in History in 1981. While still at university, he co-wrote a book on environmental politics and worked as a casual layout and design artist. He was editor of ''Farrago'' and a member of the ''Melbourne University Law Review''. Tanner began his career as an articled clerk and solicitor at Holding Redlich Lawyers in Melbourne. In ...
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Nick Minchin
Nicholas Hugh Minchin (born 15 April 1953) is a former Australian politician and former Australian Consul-General in New York, USA. He previously served as a Liberal member of the Australian Senate representing South Australia from July 1993 to June 2011, and a former cabinet minister in the Howard Government. Early life and education Minchin was born in Sydney and was educated at the Australian National University, Canberra, where he gained degrees in law and economics. Minchin attended Knox Grammar School and spent a year in the United States as an exchange student with AFS International Scholarships. While at university, he was a resident of Burgmann College at the same time as Peter Garrett. He was a solicitor before entering politics. Political career Minchin was a staff member for the Liberal Party's Federal Secretariat 1977–83, Deputy Federal Director of the Liberal Party in 1983, South Australian State Director and Campaign Director of the Liberal Party 1985– ...
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John Fahey (politician)
John Joseph Fahey AC (10 January 194512 September 2020) was an Australian politician who served as Premier of New South Wales from 1992 to 1995 and as the federal Minister for Finance from 1996 to 2001. He was a member of the New South Wales Legislative Assembly from 1984 to 1996 and the federal House of Representatives from 1996 to 2001. Fahey also served as president of the World Anti-Doping Agency and later became chancellor of the Australian Catholic University. Early life Fahey was born in Wellington, New Zealand, the son of Stephen Fahey, a farmer, and his wife Annie Fahey of Galway, Ireland. In 1956, Fahey migrated with his family to Picton, New South Wales. He was educated at Chevalier College in Bowral and the University of Sydney. He married Colleen Maree McGurren in 1968 and they had two daughters and one son. He became a naturalised Australian in 1973. Fahey also played 37 lower grade matches for the Canterbury-Bankstown Bulldogs in the NSWRL. State politics ...
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Paul Keating
Paul John Keating (born 18 January 1944) is an Australian former politician and unionist who served as the 24th prime minister of Australia from 1991 to 1996, holding office as the leader of the Australian Labor Party (ALP). He previously served as treasurer of Australia in the Hawke government from 1983 to 1991 and as deputy prime minister of Australia from 1990 to 1991. Keating was born in Sydney and left school at the age of 14. He joined the Labor Party at the same age, serving a term as State President of Young Labor and working as a research assistant for a trade union. He was elected to the Australian House of Representatives at the age of 25, winning the division of Blaxland at the 1969 election. Keating briefly served as Minister for Northern Australia from October to November 1975, in the final weeks of the Whitlam government. After the Dismissal removed Labor from power, he held senior portfolios in the Shadow Cabinets of Gough Whitlam and Bill Hayden. Durin ...
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Kim Beazley
Kim Christian Beazley (born 14 December 1948) is an Australian former politician and diplomat. He was leader of the Australian Labor Party (ALP) and leader of the opposition from 1996 to 2001 and 2005 to 2006, having previously been a cabinet minister in the Hawke and Keating governments. After leaving parliament he served as ambassador to the United States from 2010 to 2016 and governor of Western Australia from 2018 to 2022. Beazley was born in Perth, the son of politician Kim Beazley. He studied at the University of Western Australia and Balliol College, Oxford, as a Rhodes Scholar. After a period as a lecturer at Murdoch University, Beazley was elected to Parliament at the 1980 election, winning the Division of Swan. Prime Minister Bob Hawke appointed Beazley to the Cabinet following Labor's victory at the 1983 election, and Beazley served as a minister continuously through to the party's defeat at the 1996 election. His roles included Minister for Defence fro ...
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Ralph Willis
Ralph Willis AO (born 14 April 1938) is a former Australian politician who served as a Cabinet Minister during the entirety of the Hawke-Keating Government from 1983 to 1996, most notably as Treasurer of Australia from 1993 to 1996 and briefly in 1991. He also served as Minister for Industrial Relations, Minister for Transport and Communications and Minister for Finance. He represented the Victorian seat of Gellibrand in the House of Representatives from 1972 to 1998. Early life Willis was born in Melbourne to Stan and Doris Willis and educated at Footscray Central School, University High School and Melbourne University, gaining a Bachelor of Commerce. He subsequently worked as a research officer and industrial advocate for the Australian Council of Trade Unions (ACTU) during the time that Bob Hawke was ACTU President. He and his wife Carol Willis (née Dawson) have three children, Sandra, Fiona and Evan. Political career In 1972, the year that the Whitlam Government ...
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Peter Walsh (Australian Politician)
Peter Alexander Walsh (11 March 193510 April 2015) was an Australian senator and Labor politician from 1974 to 1993. Walsh grew up in Doodlakine, Western Australia, where he was a wheat and sheep farmer. He was elected to the Australian Senate in 1974, and served as Minister for Resources and Energy from 1983 to 1984 and Finance Minister from 1984 to 1990. He was noted for his pro-free market views. In his 1995 memoirs, ''Confessions of a Failed Finance Minister'', Walsh was critical of his colleagues and of political processes in general for failing to curb what he saw as wasteful government expenditure, and unnecessary government intervention. Also in his book he corrected errors made in ''Whatever It Takes'', the book written by former ministerial colleague and fellow Senator Graham Richardson. After leaving politics, Walsh was a columnist for the ''Australian Financial Review'' and was particularly critical of environmentalism. He was one of the founders of the Lavoisi ...
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