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Minister for Finance (Australia)

Australian cabinet position

Field	Value
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
image	Katy Gallagher 2022.jpg
incumbentsince
style	The Honourable
appointer	Governor-General
appointer_qualified	on the advice of the prime minister
inaugural	Phillip Lynch
formation
department	Department of Finance
website

The Minister for Finance is a member of the Cabinet of Australia who 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:

Order	Minister	Party affiliation	Prime Minister	Ministerial title	Term start	Term end	Term in office
1	Phillip Lynch			Liberal	Fraser	Minister for Finance
2	Eric Robinson
3	John Howard					days
n/a	Eric Robinson
4	Dame Margaret Guilfoyle
5	John Dawkins			Labor	Hawke
6	Peter Walsh
7	Ralph Willis
8	Kim Beazley					days
		Keating
n/a	Ralph Willis
n/a	Kim Beazley
9	John Fahey			Liberal	Howard
		Minister for Finance and Administration
10	Nick Minchin
11	Lindsay Tanner			Labor	Rudd	Minister for Finance and Deregulation
		Gillard
12	Wayne Swan					days
13	Penny Wong
		Rudd
14	Mathias Cormann			Liberal	Abbott	Minister for Finance
		Turnbull
		Morrison	Minister for Finance and the Public Service
		Minister for Finance
n/a	Scott Morrison
15	Simon Birmingham
16	Katy Gallagher			Labor	Albanese		Incumbent

: 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.

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.

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:

Order	Minister	Party affiliation	Ministerial title	Term start	Term end
1	Fred Daly		Labor	Whitlam	Minister for Services and Property
		Minister for Administrative Services
2	Tom Drake-Brockman		National	Fraser		days
3	Reg Withers		Liberal
4	Peter Durack				days
5	Fred Chaney				days
6	John McLeay
7	Kevin Newman
8	John Brown		Labor	Hawke
9	Tom Uren		Minister for Local Government and Administrative Services
10	Stewart West		Minister for Administrative Services
11	Nick Bolkus				****
		Keating
12	Bob McMullan		Minister for the Arts and Administrative Services
		Minister for Administrative Services
13	Frank Walker
14	David Jull		Liberal	Howard
15	John Fahey		Minister for Finance and Administration
16	Nick Minchin

List of assistant ministers for finance

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

Order	Minister	Party affiliation	Prime Minister	Ministerial title	Term start	Term end	Term in office
1	David Coleman			Liberal	Turnbull	Assistant Minister for Finance

References

(2010). "Ministries and Cabinets". [[Parliament of Australia]].
Turnbull, Malcolm. (19 December 2017). "Ministerial Arrangements". [[Government of Australia]].

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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