Ministerial Responsibilities

The Minister for Finance and the Public Service has overall responsibility for the following policy matters within the Finance portfolio.

  • Budget policy advice and process, and review of governmental programmes
  • Government financial accountability, governance and financial management frameworks, including grants and procurement policy and services
  • Shareholder advice on Government Business Enterprises and commercial entities treated as GBEs
  • Policy guidance and management of Act of Grace requests and waiver of debts owed to the Commonwealth
  • General policy guidelines for Commonwealth statutory authorities
  • Superannuation arrangements for Australian Government civilian employees and parliamentarians, and retirement benefits for Governors-General, Federal Judges and Federal Court Judges.
  • Asset sales
  • Government on-line delivery and information technology and communications management
  • Policy advice on the Future Fund and Nation-building Funds and authorisation of payments from the Nation-building funds to Agencies
  • Comcover, the Commonwealth’s self-managed insurance fund