Minister for Finance (Australia) explained

Border:parliamentary
Minister:not_prime
Post:Minister for Finance
Insignia:Coat_of_Arms_of_Australia.svg
Insigniacaption:Commonwealth Coat of Arms
Flag:Flag of Australia (converted).svg
Flagcaption:Flag of Australia
Flagborder:yes
Incumbent:Katy Gallagher
Style:The Honourable
Appointer:Governor-General on the recommendation of the Prime Minister of Australia
Inaugural:Phillip Lynch
Department:Department of Finance

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.

List of ministers

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.

width=5 Orderwidth=150 Ministerwidth=75 colspan="2" Party affiliationwidth=150 Prime Ministerwidth=375 Ministerial titlewidth=150 Term startwidth=150 Term endwidth=130 Term in office
1Phillip Lynch LiberalFraserMinister for Financealign=center align=center align=right days
2Eric Robinsonalign=center align=center align=right
3John Howardalign=center align=center align=right days
n/aEric Robinsonalign=center align=center align=right
4Dame Margaret Guilfoylealign=center align=center align=right
5John DawkinsLaborHawkealign=center align=center align=right
6Peter Walshalign=center align=center align=right
7Ralph Willisalign=center align=center align=right
8Kim Beazleyalign=center align=center days
Keatingalign=center align=center
n/aRalph Willisalign=center align=center align=right
n/aKim Beazleyalign=center align=center align=right
9John FaheyLiberalHowardalign=center align=center
Minister for Finance and Administrationalign=center align=center
10Nick Minchinalign=center align=center align=right
11Lindsay TannerLaborRuddMinister for Finance and Deregulationalign=center align=center
Gillardalign=center align=center
12Wayne Swanalign=center align=center align=right days
13Penny Wongalign=center align=center
Ruddalign=center align=center
14Mathias CormannLiberalAbbottMinister for Financealign=center align=center
Turnbullalign=center align=center
MorrisonMinister for Finance and the Public Servicealign=center align=center
Minister for Financealign=center align=center
n/aScott Morrison
15Simon Birmingham
16Katy GallagherLaborAlbaneseIncumbent

Morrison was appointed as Minister for Finance by the Governor-General on Morrison's advice in March 2020, with both Morrison and Cormann holding the position of Minister for Finance until October 2020, and then Morrison and Birmingham until May 2022. However, the appointment of Morrison was not made public until August 2022.

List of assistant ministers for finance

The following individuals have been appointed as Assistant Minister for, or any precedent titles:[1] [2]

width=5 bgcolor="#CCCCCC" Orderwidth=150 bgcolor="#CCCCCC" Ministerwidth=75 colspan="2" bgcolor="#CCCCCC" Party affiliationwidth=150 bgcolor="#CCCCCC" Prime Ministerwidth=375 bgcolor="#CCCCCC" Ministerial titlewidth=150 bgcolor="#CCCCCC" Term startwidth=150 bgcolor="#CCCCCC" Term endwidth=130 bgcolor="#CCCCCC" Term in office
1David Coleman LiberalTurnbullAssistant Minister for Financealign=center align=center

Former ministerial portfolios

List of ministers for administrative services

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]

width=5 bgcolor="#CCCCCC" Orderwidth=150 bgcolor="#CCCCCC" Ministerwidth=75 colspan="2" bgcolor="#CCCCCC" Party affiliationwidth=150 bgcolor="#CCCCCC" Prime Ministerwidth=375 bgcolor="#CCCCCC" Ministerial titlewidth=150 bgcolor="#CCCCCC" Term startwidth=150 bgcolor="#CCCCCC" Term endwidth=130 bgcolor="#CCCCCC" Term in office
1Fred Daly LaborWhitlamMinister for Services and Propertyalign=center align=center
 Minister for Administrative Servicesalign=center align=center
2Tom Drake-Brockman NationalFraseralign=center align=center align=right days
3Reg Withers Liberalalign=center align=center align=right
4Peter Durack align=center align=center align=right days
5Fred Chaney align=center align=center align=right days
6John McLeay align=center align=center align=right
7Kevin Newman align=center align=center align=right
8John Brown LaborHawkealign=center align=center align=right
9Tom Uren Minister for Local Government and Administrative Servicesalign=center align=center align=right
10Stewart West Minister for Administrative Servicesalign=center align=center align=right
11Nick Bolkus align=center align=center
 Keatingalign=center align=center
12Bob McMullan Minister for the Arts and Administrative Servicesalign=center align=center
 Minister for Administrative Servicesalign=center align=center
13Frank Walker align=center align=center align=right
14David Jull LiberalHowardalign=center align=center align=right

See also

Notes and References

  1. Web site: Ministries and Cabinets . 43rd Parliamentary Handbook: Historical information on the Australian Parliament . . 2010 . 9 July 2013 . dead . https://web.archive.org/web/20140813030853/http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p%3Badv%3Dyes%3BorderBy%3Dcustomrank%3Bpage%3D2%3Bquery%3DLazzarini%3Brec%3D12%3BresCount%3DDefault . 13 August 2014 . dmy.
  2. David Coleman, who came to Parliament after a long career in business, is also elevated to the ministry as Assistant Minister for Finance.. Ministerial Arrangements. 19 December 2017. Government of Australia. Turnbull, Malcolm. Malcolm Turnbull. 3 February 2018. https://web.archive.org/web/20180313005337/https://www.pm.gov.au/media/ministerial-arrangements-2. 13 March 2018. dead.

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