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Federal
Federal Department
Finance and Treasury

Department of the Treasury

Portfolio: Treasury

https://treasury.gov.au/

Annual Budget

$159.7B

2026-27 Budget (Budget Paper No. 4)
+11.5%vs prior year ($143.3B)
Total Revenue

$380M

2024-25 Total Revenue
Staff

1,150

Headcount (2024-25)
Budget Commentary

Material upward shift in 2026-27 funding (+11.5%, $16.44B change). 2025-26 estimated actual $143.28B → 2026-27 budget $159.72B. Source: Budget Paper No. 4, Agency Resourcing tables.

Major Digital Projects
17

Big Data, Timely Insights (BDTI)

Australian Bureau of Statistics

Tier 1
DCA: Medium-High
Active

Total Budget

$225M

Digital Budget

$133.1M

July 2023June 2030

BDTI Phase 2 provides a pathway off legacy ICT systems, ensuring the Australian Bureau of Statistics maximises the reuse of new tools and lessons across the organisation. The project involves rebuilding and securing the Consumer Price Index (CPI) ICT system, delivering a complete monthly measure of the CPI, building the business statistics production process in the cloud, replacing the legacy Business Register with an expanded Business Characteristics Asset in the cloud, and industrialising the Australian Bureau of Statistics cloud environment. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges.

Counter Fraud Program (Protecting against fraud and strengthening system integrity)

Australian Taxation Office

Tier 1
DCA: Medium-High
Active

Total Budget

$187M

Digital Budget

$68.4M

July 2024June 2028

The Counter Fraud Program will strengthen the Australian Taxation Office’s ability to prevent, detect, contain and bring consequence to fraud and financial crime against the tax and superannuation systems.

Foreign Investment Digital Transformation (FIDT) Program

Department of the Treasury

Tier 1
DCA: Medium
Closed

Total Budget

$70M

Digital Budget

$68.8M

September 2020June 2025

The Treasury is undertaking a transformation program to support the government’s foreign investment framework and replace the current Foreign Investment Management System. This program will deliver a fully functional end-to-end case management system, a register of foreign ownership of Australian assets, and an improved analytics capability. On 25 June 2025, the FIDT Program was formally closed following the successful delivery of all approved program outcomes. As part of the program closure, Treasury successfully transitioned the capabilities into ongoing sustainment and support.

Payday Super Program

Australian Taxation Office

Tier 1
DCA: Medium-Low
Active

Total Budget

$403.3M

Digital Budget

$262.2M

September 2024June 2028

The Payday Super project will address the systemic issue of unpaid and underpaid super guarantee by employers, by moving the obligation to pay from a quarterly to payday cycle. The Australian Taxation Office is building and improving data matching capabilities to match employers’ payroll data with super contribution data, providing it with near real-time visibility as to whether employers have met their obligations. The government will also redesign the super guarantee legislation in line with the move to payday super. Penalties and charges will reflect the serious nature of unpaid or underpaid super guarantee and will be recalibrated to encourage prompt rectification of non-payment with scalable consequences to deter severe or repeated non-compliance. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges. The delivery confidence of the program has improved following the passage of legislation in November 2025.

RegistryConnect Program

Australian Securities and Investments Commission

Tier 1
DCA: Medium-High
Active

Total Budget

$361.5M

Digital Budget

$288.4M

November 2023June 2030

The Australian Securities and Investments Commission (ASIC) RegistryConnect Program will deliver reliable, secure, trusted and efficient registry services to support the economy for the benefit of all Australians. The program’s objectives include: stabilising Registry technology to increase the security, reliability and performance of ASIC registers; modernising and uplifting the registers, user channels and interfaces; improving the quality and integrity of registry data; achieving policy and law reform; and developing enduring capabilities.

2026 Census - Addressing Risks and Delivering a High Quality, Trusted Census

Australian Bureau of Statistics

Tier 2
DCA: Medium-High
Active

Total Budget

$726M

Digital Budget

$164.4M

January 2022December 2027

The Census and Statistics Act 1905 requires the Australian Bureau of Statistics to conduct a Census every 5 years. The Census provides the base for official counts of Australians and the dwellings they live in. It is a snapshot of the economic, social and cultural make-up of the nation, and tells the story of how Australia is changing over time.

Better Targeted Superannuation Concessions (BTSC)

Australian Taxation Office

Tier 2
DCA: Medium-High
Active

Total Budget

$51.4M

Digital Budget

$28.6M

July 2023September 2027

The BTSC measure aims to reduce tax concessions for individuals with a total superannuation balance exceeding $3 million, effective from 1 July 2026. This project is enabling the delivery of this measure with first assessments expected to be issued in the second half of 2027–28.

Cyber Digital Transformation X (Cyber DTx)

Australian Securities and Investments Commission

Tier 2
DCA: Medium
Active

Total Budget

$45.5M

Digital Budget

$45.5M

July 2024June 2028

The Cyber DTx Initiative will enhance existing cyber capabilities to secure ASIC’s existing and future networks, systems and data. The program will deliver a range of capabilities that secure ASIC regulatory systems and uplift maturity against the Cyber Essential Eight Maturity Model.

Data Acquisition Modernisation Program

Australian Bureau of Statistics

Tier 2
DCA: Medium
Active

Total Budget

$98.1M

Digital Budget

$50.8M

January 2025June 2027

The Australian Bureau of Statistics Data Acquisition Modernisation program aims to: • improve the digital experience for key surveys and allow for modern, accessible, and secure data collection processes • transform and modernise the Australian Bureau of Statistics contact centre to improve the experience for our customers and staff • continue to modernise and replace legacy IT systems by transitioning key products and processes to a secure and scalable cloud environment.

Data and Technology Program – Governance Uplift and Investment in Data Enablement (GUIDE)

Australian Prudential Regulation Authority

Tier 2
DCA: Medium-High
Active

Total Budget

$73.2M

Digital Budget

$38M

July 2024June 2028

The GUIDE program is a multi-year strategic investment in data capabilities and security position of the Australian Prudential Regulation Authority (APRA), including APRA’s supervision management system. By investing in data governance, security and infrastructure, the program aims to ensure that APRA can continue to effectively fulfil its mandate, mitigate risks and support the stability and resilience of the Australian financial system.

Implementation of a Global and Domestic Minimum Tax (Pillar 2)

Australian Taxation Office

Tier 2
DCA: Medium-High
Active

Total Budget

$110.5M

Digital Budget

$33.6M

July 2023June 2028

The Global Minimum Tax and Domestic Minimum Tax are part of a coordinated effort to address tax challenges arising from the digitalisation of the economy. Australia, along with more than 130 other jurisdictions, agreed to a statement that set out the framework for Pillar 2 (the Global Anti-Base Erosion [GloBE] Model Rules). Implementing Pillar 2 will further strengthen Australia’s ability to address multinational tax avoidance. The investment provides the Australian Taxation Office with the means to ensure resources are available for the ICT and data requirements to implement and administer this measure, as well as ensuring a strong ongoing compliance, advice and education focus to support the in-scope population. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges.

Modernisation of Tax Administration systems (MTAS)

Australian Taxation Office

Tier 2
DCA: Medium
Active

Total Budget

$87.9M

Digital Budget

$69.7M

January 2025June 2029

Improvements to Australian Taxation Office systems will reduce compliance costs on an ongoing basis for trustees, beneficiaries and tax agents – making lodgement easier and enabling the vast majority of trust tax returns to be lodged electronically. The improvements will also enable prefill of trust income for beneficiaries, in the same way salary and wages, bank interest and other types of income are currently prefilled. Prefill capability will be enhanced by proposed legislative amendments that require trustees to report the Tax File Numbers of beneficiaries on the trust income tax return’s Statement of Distribution when they have an entitlement to trust income.

National Anti-Scam Centre (NASC)

Australian Competition and Consumer Commission

Tier 2
DCA: Medium
Active

Total Budget

$80.5M

Digital Budget

$42.7M

July 2023June 2026

The NASC is a world-leading initiative to make Australia the hardest country for scammers to victimise citizens in. It will disincentivise scammers from targeting Australia and result in significantly less scam attempts.

Critical Minerals Production Tax Incentive

Australian Taxation Office

Tier 3
Active

Total Budget

$12M

Digital Budget

$2M

June 2024December 2029

The Critical Minerals Production Tax Incentive were announced in the 2024–25 Budget under the measure, Future Made in Australia – Making Australia a Renewable Energy Superpower. The Australian Taxation Office is responsible for assessing tax claims under this project, including assessing payment eligibility, and processing tax payments, in consultation with Department of Industry, Science and Resources.

Cyber Security Program (previously Building Cyber Resilience)

Australian Taxation Office

Tier 3
Active

Total Budget

$136.4M

Digital Budget

$136.4M

January 2018December 2026

The program focuses on uplifting Cyber Essential Eight Maturity to Level 2, providing fit-for-purpose security services to protect the Australian Taxation Office’s digital ecosystem. The program’s outcomes will increase the Australian Taxation Office’s cyber maturity by delivering enhanced cyber capabilities and technologies.

Hydrogen Production Tax Incentive

Australian Taxation Office

Tier 3
Active

Total Budget

$9.5M

Digital Budget

$4.8M

June 2024December 2029

The Hydrogen Production Tax Incentive were announced in the 2024–25 Budget under the measure, Future Made in Australia – Making Australia a Renewable Energy Superpower. The Australian Taxation Office is responsible for assessing tax claims under this project, including assessing payment eligibility, and processing tax payments, in consultation with the Clean Energy Regulator.

Payment Times Reporting Scheme (PTRS) - ICT Infrastructure rebuild

Department of the Treasury

Tier 3
Active

Total Budget

$8.9M

Digital Budget

$8.9M

July 2024June 2026

This ICT infrastructure rebuild supports improved reporting following reforms to the Payment Times Reporting Scheme. A modern portal will streamline and reduce the regulatory burden of reporting, and the public will be able to search and interrogate payment times information, including the best and worst paying large businesses using new dashboards. Increasing the transparency of large businesses’ payment performance towards their small business suppliers can incentivise fairer and faster payments to small business.

People this department serves
All cohorts & journeys

The citizen cohorts and life-event journeys that touch this department, drawn from the department_links mapping in the citizen-voice-journeys corpus.

Ideas relevant to this department

20 tagged

Reform proposals on YourGov that name this department as a delivery partner — drawn from citizen voice, government strategy, research, international examples and gap analysis.

STRATEGY SUMMARY

Treasury provides economic analysis and policy advice on many issues including the economy, Budget, taxation, financial sector, foreign investment, competition, market conduct, superannuation, small business, housing and international economic policy. [CP p.3]

PURPOSE

Treasury provides economic analysis and policy advice on many issues including the economy, Budget, taxation, financial sector, foreign investment, competition, market conduct, superannuation, small business, housing and international economic policy. [CP p.3]

Corporate Plan 2017-18 · p.3

Strategic priorities

· 1

1

supporting and implementing informed decisions on policies for the good of the Australian people, including for achievin

supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth

Corporate Plan 2017-18 · p.16

Outcomes

· 1

Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth

through the provision of advice to Treasury ministers and the efficient administration of Treasury’s functions.

KEY ACTIVITIES

  • providing advice to the government and implementing policies and programs to achieve strong and sustainable economic and fiscal outcomes for Australians

Values

· 2

integrity maturity

risk management

Performance measures

· 5

CodeMeasureTarget 2025-26Latest resultStatus

APS Net Zero 2030

Treasury’s progress towards the APS Net Zero 2030 target

target not specified

Corporate Plan 2017-18 · p.226

target not achieved

Annual Report 2024-25 · p.226
Not achieved

Article IV consultation

Article IV consultation

target not specified

Corporate Plan 2017-18 · p.229

Annual Report 2024-25

Special Drawing Right

Special Drawing Right

target not specified

Corporate Plan 2017-18 · p.230

Annual Report 2024-25

International Monetary Fund

International Monetary Fund

target not specified

Corporate Plan 2017-18 · p.227

target not specified

Annual Report 2024-25 · p.230
N/A

Future Made in Australia

Future Made in Australia

target not specified

Corporate Plan 2017-18 · p.269

target not specified

Annual Report 2024-25 · p.269
N/A

Ideas distilled from this entity's strategy & evidence

· 8

Regulation & Policy

Streamline approval for green hydrogen tax incentives

Simplify and expedite the approval process for tax incentives related to green hydrogen production.

Impact: High
Effort: Medium
Medium

2024-25.pdf

Regulation & Policy

Adopt risk-based assessment model for foreign investments

Implement a risk-based assessment model for foreign investments to prioritize high-risk cases while expediting low-risk approvals.

Impact: Very High
Effort: High
Large

2024-25.pdf

Regulation & Policy

Launch dedicated online portal for climate-related financial disclosures

Create an online portal to streamline and centralize the submission of climate-related financial disclosures.

Impact: Medium
Effort: Medium
Medium

2024-25.pdf

Procurement & Delivery

Increase transparency of consultancy expenditure

Publish detailed reports on all consultancy expenditures on the department’s website.

Impact: High
Effort: Low
Small

2024-25.pdf

Risk & Assurance

Initiate court actions for high-risk foreign investments

Empower the department to initiate court actions for high-risk foreign investments that threaten national security.

Impact: High
Effort: High
Large

2024-25.pdf

Regulation & Policy

Implement new international tax treaty with Slovenia

Finalize and implement the new international tax treaty with Slovenia to enhance tax cooperation and reduce tax evasion.

Impact: High
Effort: High
Large

2024-25.pdf

Regulation & Policy

Accelerate the Future Made in Australia Act 2024

Fast-track the legislative process for the Future Made in Australia Act 2024 to support domestic manufacturing.

Impact: Very High
Effort: High
Large

2024-25.pdf

Regulation & Policy

Enhance the Scams Prevention Framework

Revise and strengthen the Scams Prevention Framework to better protect consumers from scams.

Impact: High
Effort: Medium
Medium

2024-25.pdf

Regulation & Policy

Streamline approval for green hydrogen tax incentives

Simplify and expedite the approval process for tax incentives related to green hydrogen production.

Impact: High
Effort: Medium
Medium

2024-25.pdf

Regulation & Policy

Adopt risk-based assessment model for foreign investments

Implement a risk-based assessment model for foreign investments to prioritize high-risk cases while expediting low-risk approvals.

Impact: Very High
Effort: High
Large

2024-25.pdf

Regulation & Policy

Launch dedicated online portal for climate-related financial disclosures

Create an online portal to streamline and centralize the submission of climate-related financial disclosures.

Impact: Medium
Effort: Medium
Medium

2024-25.pdf

Procurement & Delivery

Increase transparency of consultancy expenditure

Publish detailed reports on all consultancy expenditures on the department’s website.

Impact: High
Effort: Low
Small

2024-25.pdf

Risk & Assurance

Initiate court actions for high-risk foreign investments

Empower the department to initiate court actions for high-risk foreign investments that threaten national security.

Impact: High
Effort: High
Large

2024-25.pdf

Regulation & Policy

Implement new international tax treaty with Slovenia

Finalize and implement the new international tax treaty with Slovenia to enhance tax cooperation and reduce tax evasion.

Impact: High
Effort: High
Large

2024-25.pdf

Regulation & Policy

Accelerate the Future Made in Australia Act 2024

Fast-track the legislative process for the Future Made in Australia Act 2024 to support domestic manufacturing.

Impact: Very High
Effort: High
Large

2024-25.pdf

Regulation & Policy

Enhance the Scams Prevention Framework

Revise and strengthen the Scams Prevention Framework to better protect consumers from scams.

Impact: High
Effort: Medium
Medium

2024-25.pdf

Legislation administered

· 10

Act

1998

Charter of Budget Honesty Act 1998

The Treasury assists ministers to discharge their responsibilities under the Charter.

Act

2024

Future Made in Australia Act 2024

The Treasury leads development and implementation of the Future Made in Australia agenda.

Act

2024

Taxation (Multinational—Global and Domestic Minimum Tax) Act 2024

The Treasury provides advice and implements global and domestic minimum tax rules.

Act

2024

Taxation (Multinational—Global and Domestic Minimum Tax) Imposition Act 2024

The Treasury implements the tax imposition related to global and domestic minimum tax rules.

Act

2020

Payment Times Reporting Act 2020

The Treasury administers and reforms the Payment Times Reporting Scheme.

Act

1975

Foreign Investment Review Act 1975

The Treasury administers Australia’s foreign investment framework.

Act

2010

Competition and Consumer Act 2010

The Treasury advises on competition and consumer policy.

Act

1998

Productivity Commission Act 1998

The Treasury supports the Productivity Commission’s work.

Agreement

Not specified

Intergovernmental Agreement on Federal Financial Relations

The Treasury manages financial relations between Commonwealth, state, and territory governments.

Agreement

Not specified

National Housing and Homelessness Agreement

The Treasury negotiates housing and homelessness agreements with state and territory governments.

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