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Treasurer of Australia information


Treasurer of Australia
Commonwealth Coat of Arms
Flag of Australia
Incumbent
Jim Chalmers
since 23 May 2022 (2022-05-23)
Department of the Treasury
StyleThe Honourable
Member ofCabinet
Federal Executive Council
National Security Committee
SeatCanberra, ACT
AppointerGovernor-General
on the advice of the prime minister
Term lengthAt the Governor-General's pleasure
Formation1 January 1901 (1901-01-01)
First holderSir George Turner
Websiteministers.treasury.gov.au/ministers/jim-chalmers-2022

The treasurer of Australia, also known as the Federal treasurer or 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.

The Treasurer implements ministerial powers through the Department of the Treasury and a range of other government agencies. According to constitutional convention, the Treasurer is always a member of the Parliament of Australia with a seat in the House of Representatives. The office is generally seen as equivalent to the Chancellor of the Exchequer in the United Kingdom or the Secretary of the Treasury in the United States or, in some other countries, the finance minister. It is one of only four ministerial positions (along with Prime Minister, Minister for Defence and Attorney-General) that have existed since Federation.[1]

The Department of the Treasury, Canberra
  1. ^ Elder, DR; Fowler, PE, eds. (June 2018). "Chapter 2: The Ministry". House of Representatives Practice (7th ed.). Canberra, Australia: Commonwealth of Australia. ISBN 978-1-74366-656-2. Retrieved 19 October 2019.

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