Type of entity
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Dates of existence
The Department of Treasury and Finance was redesignated as the Department of Treasury on 1 July 2011.
The Department of Treasury provides economic and financial policy advice to Government, and is steward of the State’s financial management and regulatory frameworks. Treasury was formed from the former Treasury and Strategic Projects business units of the Department of Treasury and Finance.
As a result of Machinery of Government changes, Treasury's Economic Reform unit was transferred to the Department of Finance on 1 July 2013.
A change of duties was again signalled for Treasury following the announcement of Machinery of Government changes effective 1 July 2017. Responsibility for the management of strategic projects (excluding asset sales) was transferred to the Department of Finance. Treasury resumed responsibility for the Economic Reform Unit, which had been managed by the Department of Finance since 2013. The Public Utilities Office, established on 31 March 2012, and responsible for advising Government on energy policy issues, was also transferred to Treasury from Finance.