One of Victoria's oldest public institutions, the Treasury has existed in various forms throughout Victorian history. It is currently responsible for the state's economic and fiscal policy, taxation and delivery of the budget.
History
1 Treasury Place from Treasury Gardens
The Department of Treasury and Finance can trace its origins to the earliest days of the settlement that became the State of Victoria. The department is one of Victoria’s oldest institutions, predating the Parliament of Victoria by more than a decade.
As well as being involved in collecting revenue from land sales and customs duty, the treasury became the principal agency responsible for the sale and safe storage of gold extracted from Victoria’s mines in the second half of the nineteenth century (see Victorian Gold Rush).
The building of the treasury (now known as 'the old treasury building'), along with other civic offices like the Parliament, Customs House, and Post Office, was a reaction by authorities who wanted to display state power in Melbourne because of fears of public disorder following the gold rush.[1]
Buildings
1 Macarthur Street
The Department of Treasury and Finance performs its operations in two main buildings:[2]
Barry Patten designed 1 Treasury Place and built it in the 1960s according to the Internationalist style of architecture. The building is also on the Victorian Heritage Register.[3] Since a skyway connects 1 Treasury Place to 1 Macarthur Street, both are often considered to be part of the same building. The whole area linking Parliament House, St. Patrick's Cathedral, Fitzroy Gardens, and Treasury Gardens is called the Treasury Reserve, a heritage-listed precinct.[4]
Before 1878, the Victorian Treasury was situated at the corner of Spring Street and Macarthur Street. When the state treasurer and his officers moved to Treasury Place, the old building was renamed the Old Treasury.[5] Old Treasury was widely regarded as the finest 19th century public building in Australia. Upstairs in the building, Treasury officials kept the colony’s accounts. Below, in the basement, were bluestone vaults for storing the gold sent by government escort from the goldmining fields.[6]
Ministers
As of January2023[update], the DTF supports two ministers in the following portfolio areas:[7]
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and minting coins, while the treasury executes currency circulation in the domestic fiscal system. It collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.
The Treasurerof Australia, also known as the FederalTreasurer or more simply the Treasurer, is the minister of state of the Commonwealth of Australia charged with overseeing government revenue collection, federal expenditure and economic policy as the head of the Department of the Treasury. The current treasurer is Jim Chalmers, who was selected by Prime Minister Anthony Albanese in May 2022 following the 2022 Australian federal election.
Parliament House is the meeting place of the Parliament of Victoria, one of the eight parliaments of the Australian states and territories.
The Federal Ministry of Finance, abbreviated BMF, is the cabinet-level finance ministry of Germany, with its seat at the Detlev-Rohwedder-Haus in Berlin and a secondary office in Bonn.
East Melbourne is an inner-city suburb in Melbourne, Victoria, Australia, 2 km (1.2 mi) east of Melbourne's Central Business District, located within the City of Melbourne local government area. East Melbourne recorded a population of 4,896 at the 2021 census.
Spring Street is a major street in the Melbourne central business district, Australia. It runs roughly north-south and is the easternmost street in the original 1837 Hoddle Grid.
The Old Treasury Building on Spring Street in Melbourne was built in 1858-62 in the grand Renaissance Revival style. It was designed to accommodate the Treasury Department, various government officials' offices including the Governor In Council, and basement vaults intended to house gold from the Victorian gold rush. It now houses a range of functions, including a museum of Melbourne history, known as Old Treasury Building Museum.
Australian non-residential architectural styles are a set of Australian architectural styles that apply to buildings used for purposes other than residence and have been around only since the first colonial government buildings of early European settlement of Australia in 1788.
The Ministry of Finance is the Dutch Ministry responsible for economic policy, monetary policy, fiscal policy, tax policy, incomes policy, financial regulation, the government budget and the financial market. The Ministry was created in 1798 as the Department of Finance of the Batavian Republic. It became the Ministry of Finance in 1876. The Minister of Finance is the head of the Ministry and a member of the Cabinet of the Netherlands. The current Minister is Eelco Heinen.
Melbourne is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in Australia, after Sydney. Its name generally refers to a 9,993 km2 (3,858 sq mi) metropolitan area also known as Greater Melbourne, comprising an urban agglomeration of 31 local municipalities, although the name is also used specifically for the local municipality of City of Melbourne based around its central business area. The metropolis occupies much of the northern and eastern coastlines of Port Phillip Bay and spreads into the Mornington Peninsula, part of West Gippsland, as well as the hinterlands towards the Yarra Valley, the Dandenong Ranges, and the Macedon Ranges. As of 2023, the population of the metropolitan area was 5.2 million ; inhabitants are referred to as "Melburnians".
1 Treasury Place is a government office complex in Melbourne, Victoria, Australia. The building is the official location of the Office of the Premier of Victoria, currently headed by Jacinta Allan, and other integral government departments. The complex was constructed in the mid-1960s and comprises five levels of office accommodation. The building was designed by architect Barry Patten of Yuncken Freeman Architects Pty Ltd. according to the internationalist style of architecture.
The Financial Reform Division was part of the Department of Treasury and Finance, of the Government of Victoria, in the state of Victoria, Australia. The Financial Reform Division ceased to exist in 2009.
The Melbourne central business district in Australia is home to numerous lanes and arcades. Often called "laneways", these narrow streets and pedestrian paths date mostly from the Victorian era, and are a popular cultural attraction for their cafes, bars and street art.
Government Offices Great George Street (GOGGS) is a large UK government office building situated in Westminster between Horse Guards Road, Great George Street, Parliament Street, King Charles Street and Parliament Square. The western end of the building, on Horse Guards Road, is known as 1 Horse Guards Road (1HGR). The Parliament Street end is referred to as 100 Parliament Street (100PS).
The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.
The architecture of Melbourne, Victoria, and Australia is characterised by a wide variety of styles. The city is particularly noted for its mix of Victorian architecture and contemporary buildings, with 74 skyscrapers in the city centre, the most of any city in the Southern Hemisphere.
The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Somalia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Somali federal budget to the Parliament.
The Ministry of Finance is an Indonesian government ministry responsible for the nation's finance and state assets. The finance minister is responsible to the President. The ministry's motto is Nagara Dana Rakça, which means "guardian of state finance".
The Ministry of Finance or Ministry of Treasury (MH) is the department of the Government of Spain responsible for planning and carrying out the government policy on public finance and budget. It applies and manages the regional and local financing systems and the provision of information on the economic-financial activity of the different Public Administrations.
Commonwealth Offices Building is a heritage-listed government building at 4 Treasury Place, East Melbourne, Victoria, Australia. It was designed by John Smith Murdoch, the first Commonwealth Government Architect and built in 1911-12. It was added to the Australian Commonwealth Heritage List on 22 June 2004.
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
