Ministerial Responsibilities

The Minister for Finance has overall responsibility for the Finance portfolio, and particular responsibility for the following:

  • Budget policy advice and process, and review of government programs.
  • Government financial accountability, governance and financial management frameworks, including grants and procurement policy and services.
  • Shareholder advice on Government Business Enterprises (GBEs) and commercial entities treated as GBEs.
  • Policy guidance and management of act of grace requests and waiver of debts owed to the Commonwealth.
  • Policy guidance for Comcover, the government’s self-managed insurance fund, and risk policy.
  • 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.
  • Policy advice on the Future Fund and Australian Government Investment Funds, and authorisation of payments from Australian Government Investment Funds to entities.
  • Parliamentary Business Resources Act 2017 expenses framework.
  • Members of Parliament (Staff) Act 1984 (MOP(S)) Act employment framework (shared with the Prime Minister).
  • Electoral policy.