The Minister for Finance in the

Government of Australia The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federal parliamentary constitutional monarchy. Like other Westminster-style systems of government, the Australian Governmen ...

is responsible for monitoring government expenditure and financial management. The current minister is Senator

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 Gover ...

who has held the position since May 2022. In the

, the minister supplements the role of the

Treasurer A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury ...

, 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 John Malcolm Fraser (; 21 May 1930 – 20 March 2015) was an Australian politician who served as the 22nd prime minister of Australia from 1975 to 1983, holding office as the leader of the Liberal Party of Australia. Fraser was raised on hi ...

Liberal Party of Australia The Liberal Party of Australia is a centre-right political party in Australia, one of the two major parties in Australian politics, along with the centre-left Australian Labor Party. It was founded in 1944 as the successor to the United A ...

government as Minister for Finance. It was subsequently renamed Minister for Finance and Administration by

John Howard John Winston Howard (born 26 July 1939) is an Australian former politician who served as the 25th prime minister of Australia from 1996 to 2007, holding office as leader of the Liberal Party. His eleven-year tenure as prime minister is the ...

's government in 1997, and as Minister for Finance and Deregulation by

Kevin Rudd Kevin Michael Rudd (born 21 September 1957) is an Australian former politician and diplomat who served as the 26th prime minister of Australia from 2007 to 2010 and again from June 2013 to September 2013, holding office as the leader of the ...

's government in 2007, then returning to Minister for Finance under

Tony Abbott Anthony John Abbott (; born 4 November 1957) is a former Australian politician who served as the 28th prime minister of Australia from 2013 to 2015. He held office as the leader of the Liberal Party of Australia. Abbott was born in Londo ...

in 2013. It took on its current name under

Scott Morrison Scott John Morrison (; born 13 May 1968) is an Australian politician. He served as the 30th prime minister of Australia and as Leader of the Liberal Party of Australia from 2018 to 2022, and is currently the member of parliament (MP) for th ...

in 2018; the Second Morrison Ministry removed Public Service from the portfolio in May 2019. The following individuals have been appointed as Minister for Finance or any precedent titles: Notwithstanding Philip Lynch, John Howard and Wayne Swan who were Treasurers whilst serving as Finance Minister, two Finance Ministers who were from the House of Representatives, John Dawkins and Ralph Willis, then served as Treasurer. In addition John Fahey (served 1996-2001) had previously served as Treasurer of New South Wales when he was also Premier of that state and current minister Katy Gallagher had previously served as Treasurer of the Australian Capital Territory including when she was also the territory Chief Minister.

List of assistant ministers for finance

The following individuals have been appointed as Assistant Minister for, or any precedent titles:

Former ministerial portfolios

List of ministers for administrative services

The first minister responsible for Administrative Services was

Fred Daly Fred Daly may refer to: * Fred Daly (American football), American football player at Yale, head football coach at Williams College (1913–1914) * Fred Daly (politician) Frederick Michael Daly (13 June 1912 – 2 August 1995) was an Aust ...

, although the portfolio was titled Minister for Services and Property from December 1972 until October 1975. The portfolio was abolished with the resignation of

David Jull David Francis Jull (4 October 1944 – 13 September 2011) was an Australian politician. He was a long-serving Liberal member of the Australian House of Representatives, representing the Division of Bowman, Queensland, from 1975 to 1983 and F ...

on 25 September 1997 and its responsibilities were absorbed into the portfolio of Finance and Administration on 6 October 1997. The following individuals have been appointed as Minister for Administrative Services, or any precedent titles:

References

External links

* {{Australian federal ministerial portfolios

Finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...