Appendix 5
Treasury Portfolio Structure and Outcomes
Portfolio Minister — Treasurer The Hon Joe Hockey
MP Assistant Treasurer
The Hon Josh Frydenberg MP
Minister
for Small Business
The
Hon Bruce
Billson MP
Parliamentary
Secretary to the Treasurer
The Hon Kelly
O'Dwyer MP
Department
of the Treasury
Portfolio Secretary Mr
John Fraser
Informed
decisions on the development and implementation of policies to improve the wellbeing of the Australian people, including by achieving strong,
sustainable economic growth, through the provision of advice to government and the efficient administration of federal financial relations
Australian
Bureau of Statistics
Australian
Statistician: Mr David Kalisch
Informed
decision-making, research and discussion within governments and the community by leading the collection, analysis and
provision of high
quality, objective and relevant statistical information
Australian
Competition and
Consumer Commission
Chairman: Mr Rod Sims
Lawful
competition, consumer protection, and regulated national infrastructure markets
and services through
regulation, including enforcement, education, price monitoring and determining the terms of access to infrastructure services
Australian
Office of
Financial Management
Chief Executive Officer:
Mr Rob Nicholl
The advancement of macroeconomic growth and stability, and the effective operation of financial markets, through issuing
debt, investing in financial assets
and managing debt,
investments and cash
for the Australian Government
Australian
Prudential Regulation Authority
Chairman: Mr Wayne Byres
Enhanced public
confidence in Australia's financial institutions through
a framework of prudential
regulation which balances financial safety
and efficiency, competition, contestability and competitive neutrality
Australian
Securities and Investments Commission
Chairman: Mr Greg Medcraft
Improved
confidence in Australia’s financial markets through
promoting informed investors and financial consumers, facilitating fair and efficient markets and delivering efficient registry systems
Treasury portfolio structure and outcomes (continued)
Australian
Taxation Office
Commissioner: Mr Chris Jordan
AO
Confidence
in the administration of aspects of Australia's taxation and superannuation systems through
helping people understand their rights and
obligations, improving ease
of compliance and
access to benefits, and managing non-compliance with the law
Clean
Energy Finance
Corporation
Chief Executive Officer: Mr Oliver
Yates
Facilitate
increased flows of finance into
Australia's clean energy
sector, applying commercial rigour to investing in renewable energy, low-emissions and energy efficiency technologies, building industry capacity, and disseminating information to industry stakeholders
Commonwealth
Grants Commission
Secretary: Mr John Spasojevic
Informed
Government decisions on fiscal
equalisation between the States and Territories through advice and recommendations on the distribution of GST revenue
and health care grants
Inspector-General
of Taxation
Inspector-General: Mr Ali Noroozi
Improved
tax administration through
community consultation, review
and independent advice
to Government
National
Competition Council
President: Mr David Crawford
Competition in markets that
are dependent on access to nationally significant monopoly infrastructure, through recommendations and
decisions promoting the efficient operation of, use of and investment in infrastructure
Office
of the Auditing and Assurance Standards Board
Chairman: Ms Merran Kelsall
The formulation and making of auditing and assurance standards that are used
by auditors of Australian entity
financial reports or for other
auditing and assurance engagements
Office
of the Australian Accounting Standards Board
Chairman:
Ms Kris Peach
The formulation and making of accounting standards that are used
by Australian entities to prepare financial reports and enable
users of these
reports to make
informed decisions
Productivity
Commission
Chairman: Mr Peter Harris
Well-informed policy decision-making and public understanding on matters relating to Australia’s productivity and living standards, based on independent and transparent analysis from
a community- wide perspective
Royal
Australian Mint
Chief Executive Officer: Mr Ross MacDiarmid
The coinage needs
of the Australian economy, collectors and foreign countries are met through the manufacture and sale of circulating coins, collector coins and other
minted like products
Source: Portfolio
Budget Statements 2015–16, Treasury Portfolio, pp. 6–7.
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