Minister for Finance | |
---|---|
Department of Finance | |
Style | The Honourable |
Appointer | Governor-General on the recommendation of the Prime Minister of Australia |
Inaugural holder | Phillip Lynch |
Formation | 7 December 1976 |
Website | www |
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.
The portfolio was first created in 1977 by Malcolm Fraser's Liberal Party of Australia government as Minister for Finance. It was subsequently renamed Minister for Finance and Administration by John Howard's government in 1997, and as Minister for Finance and Deregulation by Kevin Rudd's government in 2007, then returning to Minister for Finance under Tony Abbott in 2013. It took on its current name under Scott Morrison 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: [1]
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.
Order | Minister | Party affiliation | Prime Minister | Ministerial title | Term start | Term end | Term in office | |
---|---|---|---|---|---|---|---|---|
1 | Phillip Lynch | Liberal | Fraser | Minister for Finance | 7 December 1976 | 19 November 1977 | 347 days | |
2 | Eric Robinson | 20 November 1977 | 23 February 1979 | 1 year, 95 days | ||||
3 | John Howard | 23 February 1979 | 27 February 1979 | 4 days | ||||
n/a | Eric Robinson | 27 February 1979 | 3 November 1980 | 1 year, 250 days | ||||
4 | Dame Margaret Guilfoyle | 3 November 1980 | 11 March 1983 | 2 years, 128 days | ||||
5 | John Dawkins | Labor | Hawke | 11 March 1983 | 13 December 1984 | 1 year, 277 days | ||
6 | Peter Walsh | 13 December 1984 | 4 April 1990 | 5 years, 112 days | ||||
7 | Ralph Willis | 4 April 1990 | 9 December 1991 | 1 year, 249 days | ||||
8 | Kim Beazley | 9 December 1991 | 20 December 1991 | 18 days | ||||
Keating | 20 December 1991 | 27 December 1991 | ||||||
n/a | Ralph Willis | 27 December 1991 | 23 December 1993 | 1 year, 361 days | ||||
n/a | Kim Beazley | 23 December 1993 | 11 March 1996 | 2 years, 79 days | ||||
9 | John Fahey | Liberal | Howard | 11 March 1996 | 9 October 1997 | 5 years, 260 days | ||
Minister for Finance and Administration | 9 October 1997 | 26 November 2001 | ||||||
10 | Nick Minchin | 26 November 2001 | 3 December 2007 | 6 years, 7 days | ||||
11 | Lindsay Tanner | Labor | Rudd | Minister for Finance and Deregulation | 3 December 2007 | 24 June 2010 | 2 years, 274 days | |
Gillard | 24 June 2010 | 3 September 2010 | ||||||
12 | Wayne Swan | 3 September 2010 | 14 September 2010 | 11 days | ||||
13 | Penny Wong | 14 September 2010 | 1 July 2013 | 3 years, 4 days | ||||
Rudd | 1 July 2013 | 18 September 2013 | ||||||
14 | Mathias Cormann 1 | Liberal | Abbott | Minister for Finance | 18 September 2013 | 15 September 2015 | 7 years, 42 days | |
Turnbull | 15 September 2015 | 23 August 2018 | ||||||
Morrison | Minister for Finance and the Public Service | 28 August 2018 | 29 May 2019 | |||||
Minister for Finance | 29 May 2019 | 30 October 2020 | ||||||
15 | Scott Morrison 1 | 30 March 2020 | 23 May 2022 | 2 years, 54 days | ||||
16 | Simon Birmingham 1 | 30 October 2020 | 1 year, 205 days | |||||
17 | Katy Gallagher | Labor | Albanese | 23 May 2022 | Incumbent | 272 days |
The following individuals have been appointed as Assistant Minister for, or any precedent titles: [1] [2]
Order | Minister | Party affiliation | Prime Minister | Ministerial title | Term start | Term end | Term in office | |
---|---|---|---|---|---|---|---|---|
1 | David Coleman | Liberal | Turnbull | Assistant Minister for Finance | 20 December 2017 | 28 August 2018 | 251 days |
The first minister responsible for Administrative Services was Fred Daly, 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 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: [1] [2]
Order | Minister | Party affiliation | Prime Minister | Ministerial title | Term start | Term end | Term in office | |
---|---|---|---|---|---|---|---|---|
1 | Fred Daly | Labor | Whitlam | Minister for Services and Property | 19 December 1972 | 7 October 1975 | 2 years, 327 days | |
Minister for Administrative Services | 7 October 1975 | 11 November 1975 | ||||||
2 | Tom Drake-Brockman | National | Fraser | 12 November 1975 | 22 December 1975 | 41 days | ||
3 | Reg Withers | Liberal | 22 December 1975 | 7 August 1978 | 2 years, 228 days | |||
4 | Peter Durack | 7 August 1978 | 25 August 1978 | 18 days | ||||
5 | Fred Chaney | 25 August 1978 | 5 December 1978 | 102 days | ||||
6 | John McLeay | 5 December 1978 | 3 November 1980 | 1 year, 334 days | ||||
7 | Kevin Newman | 3 November 1980 | 11 March 1983 | 2 years, 128 days | ||||
8 | John Brown | Labor | Hawke | 11 March 1983 | 13 December 1984 | 1 year, 277 days | ||
9 | Tom Uren | Minister for Local Government and Administrative Services | 13 December 1984 | 24 July 1987 | 2 years, 223 days | |||
10 | Stewart West | Minister for Administrative Services | 24 July 1987 | 4 April 1990 | 2 years, 254 days | |||
11 | Nick Bolkus | 4 April 1990 | 20 December 1991 | 2 years, 354 days | ||||
Keating | 20 December 1991 | 24 March 1993 | ||||||
12 | Bob McMullan | Minister for the Arts and Administrative Services | 24 March 1993 | 30 January 1994 | 1 year, 1 day | |||
Minister for Administrative Services | 30 January 1994 | 25 March 1994 | ||||||
13 | Frank Walker | 25 March 1994 | 11 March 1996 | 1 year, 352 days | ||||
14 | David Jull | Liberal | Howard | 11 March 1996 | 25 September 1997 | 1 year, 198 days |
The Treasurer of Australia is a high ranking official and senior minister of the Crown in the Government of Australia who is the head of the Ministry of the Treasury which is responsible for government expenditure and for collecting revenue. The Treasurer plays a key role in the economic policy of the government. The current Australian Treasurer is Jim Chalmers whose term began on 23 May 2022.
The Minister for Foreign Affairs is the minister in the Government of Australia who is responsible for overseeing the international diplomacy section of the Department of Foreign Affairs and Trade. Senator Penny Wong was appointed as Foreign Minister in the ministry led by Prime Minister Anthony Albanese in May 2022 following the 2022 Australian federal election. As the first female foreign minister from the Australian Labor Party, Wong also became the third female foreign minister in a row, following Julie Bishop and Marise Payne. The Foreign Minister is one of two cabinet-level portfolio ministers under the Department of Foreign Affairs and Trade, the other being the Minister for Trade and Tourism Senator Don Farrell.
The Cabinet of Australia is the chief decision-making organ of the executive branch of the government of Australia. It is a council of senior government ministers, ultimately responsible to the Federal Parliament.
Katherine Ruth Gallagher 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.
Mitchell Peter Fifield is the Permanent Representative of Australia to the United Nations. He is a former Australian politician who served as a Senator for Victoria from 2004 to 2019, representing the Liberal Party. He was a government minister in the Abbott, Turnbull, and Morrison Governments, serving as Assistant Minister for Social Services (2013–2015), Manager of Government Business in the Senate (2013–2015), Minister for Communications (2015–2019), and Minister for the Arts (2015–2019).
The Minister for Health and Aged Care is the position in the Australian cabinet responsible for national health and wellbeing and medical research. The incumbent Minister is Labor MP Mark Butler.
In the Government of Australia, the Minister for Education administers the Department of Education. The position is held by Labor MP Jason Clare, following the Australian federal election in 2022.
The Minister for Immigration, Citizenship and Multicultural Affairs is a ministerial post of the Australian Government and is currently held by Andrew Giles, pending the swearing in of the full Albanese ministry on 1 June 2022, following the Australian federal election in 2022.
The Minister for Industry and Science is an Australian Government cabinet position which is currently held by Ed Husic in the Albanese ministry since 1 June 2022, following the Australian federal election in 2022.
The Australian Minister for Communications has overall responsibility for broadcasting, the information and communications technology industry, the information economy, and telecommunications within Australia. The portfolio is currently held by Michelle Rowland in the Albanese ministry since 1 June 2022, following the Australian federal election in 2022.
The Minister for Infrastructure, Transport, Regional Development and Local Government in the Government of Australia is a position currently held by Catherine King following the swearing in of the full Albanese ministry on 1 June 2022.
The Minister for Trade and Tourism is a portfolio in the Government of Australia, falling within the Department of Foreign Affairs and Trade (DFAT). The position is currently held by Senator Don Farrell, sworn in as part of the Albanese ministry on 1 June 2022, following the Australian federal election in 2022. The minister is assisted by the Assistant Minister for Trade, held by Senator Tim Ayres.
The Minister for Social Services is the Australian federal government minister who oversees Australian Government social services, including mental health, families and children's policy, and support for carers and people with disabilities, and seniors. Amanda Rishworth was appointed as minister on 1 June 2022, following the Australian federal election in 2022.
The Minister for Government Services is the minister in the Government of Australia responsible for Services Australia. The current minister since 1 June 2022 is the Hon Bill Shorten MP, who also serves as Minister for the National Disability Insurance Scheme.
The Minister for Home Affairs in the Government of Australia is the minister responsible for the Department of Home Affairs, the country's interior ministry. The current minister is Clare O'Neil of the Labor Party, who has held the position since 1 June 2022 in the Albanese ministry.
The Minister for Climate Change and Energy is a portfolio in the Government of Australia. The current Minister is Chris Bowen. The minister administers his or her portfolios through the Department of Climate Change, Energy, the Environment and Water.
The Minister for Veterans' Affairs is an Australian Government position. In the Government of Australia, the minister oversees income support, compensation, care and commemoration programs for more than 400,000 veterans and their widows, widowers and dependants; and administers the portfolio through the Department of Veterans' Affairs.
The Minister for Women in the Government of Australia is Katy Gallagher, who since 23 May 2022 has been a member of the Albanese ministry. Ministers holding the position, first introduced in 1976 during the Second Fraser ministry, have held several different titles. They have often held other portfolios, and sometimes sat in Cabinet of Australia. All but the first two office-holders have been women.
David Bernard Coleman is an Australian politician. He is a member of the Liberal Party and was elected to the House of Representatives at the 2013 federal election, holding the New South Wales seat of Banks. Coleman served as the Assistant Minister to the Prime Minister for Mental Health and Suicide Prevention from December 2020 until May 2022. He previously served as Minister for Immigration, Citizenship, Migrant Services and Multicultural Affairs in the Morrison Government from August 2018, although in December 2019 he took indefinite leave for personal reasons. He had earlier served as Assistant Minister for Finance in the Turnbull Government from 2017 to 2018.
The Minister for the Public Service is an Australian Government cabinet position which is currently held by Katy Gallagher following the swearing in of the full Albanese ministry on 1 June 2022.
David Coleman, who came to Parliament after a long career in business, is also elevated to the ministry as Assistant Minister for Finance.