Minister for Finance and Administration (Australia)
Encyclopedia
In the Australian political system, the Minister for Finance and Deregulation supplements the role of the Treasurer
, being responsible for areas such as budget policy advice, reviewing governmental programs, tendering and government financial accountability. The portfolio was first created in 1976 by Malcolm Fraser
's Liberal Party of Australia
government as Finance. It was subsequently renamed Finance and Administration by John Howard
's government in 1997, and as Finance and Deregulation by Kevin Rudd
's government in 2007 a renaming which notably gives titular status to deregulation
. Penny Wong is the current Minister for Finance and Deregulation.
in its title coincided with the establishment of Prime Minister Kevin Rudd's
first ministry
. This also included the renaming of the Department of Finance as the Department of Finance and Deregulation.
on 25 September 1997 and its responsibilities were absorbed into the portfolio of Finance and Administration on 6 October 1997.
Treasurer of Australia
The Treasurer of Australia is the minister in the Government of Australia responsible for government expenditure and revenue raising. He is the head of the Department of the Treasury. The Treasurer plays a key role in the economic policy of the government...
, being responsible for areas such as budget policy advice, reviewing governmental programs, tendering and government financial accountability. The portfolio was first created in 1976 by Malcolm Fraser
Malcolm Fraser
John Malcolm Fraser AC, CH, GCL, PC is a former Australian Liberal Party politician who was the 22nd Prime Minister of Australia. He came to power in the 1975 election following the dismissal of the Whitlam Labor government, in which he played a key role...
's Liberal Party of Australia
Liberal Party of Australia
The Liberal Party of Australia is an Australian political party.Founded a year after the 1943 federal election to replace the United Australia Party, the centre-right Liberal Party typically competes with the centre-left Australian Labor Party for political office...
government as Finance. It was subsequently renamed Finance and Administration by John Howard
John Howard
John Winston Howard AC, SSI, was the 25th Prime Minister of Australia, from 11 March 1996 to 3 December 2007. He was the second-longest serving Australian Prime Minister after Sir Robert Menzies....
's government in 1997, and as Finance and Deregulation by Kevin Rudd
Kevin Rudd
Kevin Michael Rudd is an Australian politician who was the 26th Prime Minister of Australia from 2007 to 2010. He has been Minister for Foreign Affairs since 2010...
's government in 2007 a renaming which notably gives titular status to deregulation
Deregulation
Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces.Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces.Deregulation is the removal or...
. Penny Wong is the current Minister for Finance and Deregulation.
Renaming to Minister for Finance and Deregulation
The renaming of this portfolio to incorporate deregulationDeregulation
Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces.Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces.Deregulation is the removal or...
in its title coincided with the establishment of Prime Minister Kevin Rudd's
Kevin Rudd
Kevin Michael Rudd is an Australian politician who was the 26th Prime Minister of Australia from 2007 to 2010. He has been Minister for Foreign Affairs since 2010...
first ministry
First Rudd Ministry
The Rudd Ministry was the 65th Australian Commonwealth ministry. It was led by Kevin Rudd of the Australian Labor Party.The Ministry was sworn in by the 24th Governor-General of Australia Major-General Michael Jeffery on 3 December 2007, following the 2007 election, and it ended on 24 June 2010...
. This also included the renaming of the Department of Finance as the Department of Finance and Deregulation.
List of Ministers for Finance and Deregulation
| # | Minister | Party affiliation | Period | Prime Minister |
Ministerial Title |
|---|---|---|---|---|---|
| 1 | Phillip Lynch Phillip Lynch Sir Phillip Reginald Lynch KCMG was an Australian Liberal politician.Lynch held the House of Representatives seat of Flinders from 1966 to 1982. Between 1968 and 1972, he served variously as Minister for the Army, Minister for Immigration, and Minister for Labour and National Service, under Prime... |
Liberal Party Liberal Party of Australia The Liberal Party of Australia is an Australian political party.Founded a year after the 1943 federal election to replace the United Australia Party, the centre-right Liberal Party typically competes with the centre-left Australian Labor Party for political office... |
7 December 1976 – 19 November 1977 | Fraser Malcolm Fraser John Malcolm Fraser AC, CH, GCL, PC is a former Australian Liberal Party politician who was the 22nd Prime Minister of Australia. He came to power in the 1975 election following the dismissal of the Whitlam Labor government, in which he played a key role... |
Minister for Finance |
| 2 | Eric Robinson Eric Robinson (Australian politician) Eric Laidlaw Robinson was an Australian politician.Robinson took over his family's sporting goods business and built it up from a single store into a chain along the Queensland coast. He was president of the Queensland branch of the Liberal Party in from 1968 to 1973. He was elected to the... |
20 December 1977 – 23 February 1979 | |||
| 3 | John Howard John Howard John Winston Howard AC, SSI, was the 25th Prime Minister of Australia, from 11 March 1996 to 3 December 2007. He was the second-longest serving Australian Prime Minister after Sir Robert Menzies.... |
23–27 February 1979 | |||
| - | Eric Robinson | 27 February 1979 – 3 November 1980 | |||
| 4 | Dame Margaret Guilfoyle Margaret Guilfoyle Dame Margaret Georgina Constance Guilfoyle, AC, DBE was a British-born Australian Senator for the state of Victoria from 1971 to 1987. She was the second woman to receive a federal ministerial portfolio, after Dame Enid Lyons... |
3 November 1980 – 11 March 1983 | |||
| 5 | John Dawkins John Dawkins John Sydney "Joe" Dawkins, AO , Australian politician, was Treasurer in the Keating Labor government from December 1991 to December 1993... |
Australian Labor Party Australian Labor Party The Australian Labor Party is an Australian political party. It has been the governing party of the Commonwealth of Australia since the 2007 federal election. Julia Gillard is the party's federal parliamentary leader and Prime Minister of Australia... |
11 March 1983 – 13 December 1984 | Hawke Bob Hawke Robert James Lee "Bob" Hawke AC GCL was the 23rd Prime Minister of Australia from March 1983 to December 1991 and therefore longest serving Australian Labor Party Prime Minister.... |
|
| 6 | Peter Walsh Peter Walsh (Australian politician) Peter Alexander Walsh AO is a former Australian senator and Labor politician from 1974 to 1993.Walsh grew up in Doodlakine, Western Australia, where he was a wheat and sheep farmer. He was elected to the Australian Senate in 1974, and served as Minister for Resources and Energy from 1983 to 1984... |
13 December 1984 – 4 April 1990 | |||
| 7 | Ralph Willis Ralph Willis Ralph Willis AO , Australian politician, was Treasurer for the final years of the Keating Labor Government.-Career:Willis was born in Melbourne to Stan and Doris Willis and educated at Footscray Central School, University High School and Melbourne University, gaining a Bachelor of Commerce degree... |
4 April 1990 – 9 December 1991 | |||
| 8 | Kim Beazley Kim Beazley In the October 1998 election, Labor polled a majority of the two-party vote and received the largest swing to a first-term opposition since 1934. However, due to the uneven nature of the swing, Labor came up eight seats short of making Beazley Prime Minister.... |
9–20 December 1991 | |||
| - | 20–27 December 1991 | Keating Paul Keating Paul John Keating was the 24th Prime Minister of Australia, serving from 1991 to 1996. Keating was elected as the federal Labor member for Blaxland in 1969 and came to prominence as the reformist treasurer of the Hawke Labor government, which came to power at the 1983 election... |
|||
| - | Ralph Willis | 27 December 1991 – 23 December 1993 | |||
| - | Kim Beazley | 23 December 1993 – 11 March 1996 | |||
| 9 | John Fahey John Fahey (politician) John Joseph Fahey, AC is a former Premier of New South Wales and Federal Minister for Finance in Australia. John Fahey is currently the President of the World Anti-Doping Agency. He was a member of the New South Wales Legislative Assembly from 1984 to 1996 and the federal House of Representatives... |
Liberal Party | 11 March 1996 – 9 October 1997 | Howard John Howard John Winston Howard AC, SSI, was the 25th Prime Minister of Australia, from 11 March 1996 to 3 December 2007. He was the second-longest serving Australian Prime Minister after Sir Robert Menzies.... |
|
| - | 9 October 1997 – 26 November 2001 | Minister for Finance and Administration | |||
| 10 | Nick Minchin Nick Minchin Nicholas Hugh "Nick" Minchin is a former Australian politician, serving as a Liberal member of the Australian Senate representing South Australia from July 1993 to June 2011, and a former cabinet minister in the Howard Government.... |
26 November 2001 – 3 December 2007 | |||
| 11 | Lindsay Tanner Lindsay Tanner Lindsay James Tanner is a former Australian member of the House of Representatives representing the Division of Melbourne, Victoria, for the Australian Labor Party, having first won the seat at the 1993 federal election. He was a member of the Australian Government from 3 December 2007, serving as... |
Australian Labor Party | 3 December 2007 – 24 June 2010 | Rudd Kevin Rudd Kevin Michael Rudd is an Australian politician who was the 26th Prime Minister of Australia from 2007 to 2010. He has been Minister for Foreign Affairs since 2010... |
Minister for Finance and Deregulation |
| - | 24 June 2010 – 3 September 2010 | Gillard Julia Gillard Julia Eileen Gillard is the 27th and current Prime Minister of Australia, in office since June 2010.Gillard was born in Barry, Vale of Glamorgan, Wales and migrated with her family to Adelaide, Australia in 1966, attending Mitcham Demonstration School and Unley High School. In 1982 Gillard moved... |
|||
| 12 | Wayne Swan Wayne Swan Wayne Maxwell Swan is the Deputy Prime Minister of Australia and an Australian politician. He has been an Australian Labor Party member of the Australian House of Representatives from 1993 to 1996, and then re elected in 1998 till today , representing the Division of Lilley, QLD... |
3–14 September 2010 | |||
| 13 | Penny Wong Penny Wong Penelope "Penny" Ying-yen Wong , is an Australian Labor Party senator for South Australia and the Federal Minister for Finance and Deregulation. Wong was the first Australian Minister for Climate Change and Water. Her appointment was amended on 26 February 2010, by the Prime Minister, to the... |
14 September 2010 – |
Ministers for Administrative Services
The first minister 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 JullDavid Jull
David Francis Jull was an Australian politician. He was a long-serving Liberal member of the Australian House of Representatives, representing the Division of Bowman, Queensland, from 1975–83 and Fadden, Queensland, from 1984–2007.Jull was born in Kingaroy, Queensland, and was educated at the...
on 25 September 1997 and its responsibilities were absorbed into the portfolio of Finance and Administration on 6 October 1997.
| Minister | Party affiliation | Period | Prime Minister |
Ministerial Title |
|---|---|---|---|---|
| Fred Daly | Australian Labor Party Australian Labor Party The Australian Labor Party is an Australian political party. It has been the governing party of the Commonwealth of Australia since the 2007 federal election. Julia Gillard is the party's federal parliamentary leader and Prime Minister of Australia... |
19 December 1972 – 7 October 1975 | Whitlam Gough Whitlam Edward Gough Whitlam, AC, QC , known as Gough Whitlam , served as the 21st Prime Minister of Australia. Whitlam led the Australian Labor Party to power at the 1972 election and retained government at the 1974 election, before being dismissed by Governor-General Sir John Kerr at the climax of the... |
Minister for Services and Property |
| 7 October 1975 – 11 November 1975 | Minister for Administrative Services | |||
| Tom Drake-Brockman | Liberal Party Liberal Party of Australia The Liberal Party of Australia is an Australian political party.Founded a year after the 1943 federal election to replace the United Australia Party, the centre-right Liberal Party typically competes with the centre-left Australian Labor Party for political office... |
12 November 1975 – 22 December 1975 | Fraser Malcolm Fraser John Malcolm Fraser AC, CH, GCL, PC is a former Australian Liberal Party politician who was the 22nd Prime Minister of Australia. He came to power in the 1975 election following the dismissal of the Whitlam Labor government, in which he played a key role... |
|
| Reg Withers Reg Withers Reginald Greive 'Reg' Withers is a former long-serving member of the Australian Senate, a former government minister, and former Lord Mayor of Perth.... |
22 December 1975 – 7 August 1978 | |||
| Peter Durack Peter Durack Peter Drew Durack, QC was an Australian politician, representing the Liberal Party. He rose to become Attorney-General of Australia.... |
7–25 August 1978 | |||
| Fred Chaney Fred Chaney Frederick Michael Chaney, AO is a former Western Australian politician who, until April 2007, held the position of deputy chairman of the Australian Native Title Tribunal and is Chair of Desert Knowledge Australia and on the Board of Directors of Reconciliation Australia.Chaney was born in Perth,... |
25 August 1978 – 5 December 1978 | |||
| John McLeay | 5 December 1978 – 3 November 1980 | |||
| Kevin Newman Kevin Newman (Australian politician) Kevin Eugene Newman AO was an Australian soldier and politician. He rose to the rank of Lieutenant Colonel in the Australian Army, serving in Malaysia and the Vietnam War.... |
3 November 1980 – 11 March 1983 | |||
| John Brown | Australian Labor Party | 11 March 1983 – 13 December 1984 | Hawke Bob Hawke Robert James Lee "Bob" Hawke AC GCL was the 23rd Prime Minister of Australia from March 1983 to December 1991 and therefore longest serving Australian Labor Party Prime Minister.... |
|
| Tom Uren Tom Uren Thomas Uren, AO was a Deputy Leader of the Australian Labor Party. He helped establish the heritage and conservation movement in Australia and, in particular, worked to preserve the heritage of inner Sydney.-Early life:... |
13 December 1984 – 24 July 1987 | Minister for Local Government and Administrative Services | ||
| Stewart West Stewart West Stewart John West , Australian politician, was the Australian Labor Party member for the Division of Cunningham in New South Wales.... |
24 July 1987 – 4 April 1990 | Minister for Administrative Services | ||
| Nick Bolkus Nick Bolkus Nick Bolkus is a former Australian Labor Party politician. He was a member of the Senate from July 1981 to 2005, representing the state of South Australia.-Early career:... |
4 April 1990 – 20 December 1991 | |||
| 20 December 1991 – 24 March 1993 | Keating Paul Keating Paul John Keating was the 24th Prime Minister of Australia, serving from 1991 to 1996. Keating was elected as the federal Labor member for Blaxland in 1969 and came to prominence as the reformist treasurer of the Hawke Labor government, which came to power at the 1983 election... |
|||
| Bob McMullan Bob McMullan Robert Francis McMullan is an Australian former politician who represented the Australian Labor Party in both the Senate and the House of Representatives.... |
24 March 1993 – 30 January 1994 | Minister for the Arts and Administrative Services | ||
| 30 January 1994 – 25 March 1994 | Minister for Administrative Services | |||
| Frank Walker | 25 March 1994 – 11 March 1996 | |||
| David Jull David Jull David Francis Jull was an Australian politician. He was a long-serving Liberal member of the Australian House of Representatives, representing the Division of Bowman, Queensland, from 1975–83 and Fadden, Queensland, from 1984–2007.Jull was born in Kingaroy, Queensland, and was educated at the... |
Liberal Party | 11 March 1996 – 25 September 1997 | Howard John Howard John Winston Howard AC, SSI, was the 25th Prime Minister of Australia, from 11 March 1996 to 3 December 2007. He was the second-longest serving Australian Prime Minister after Sir Robert Menzies.... |