Portfolio: Treasury
https://www.rba.gov.au/
$1.5B
2025-26 Budget$9.8B
2024-25 Total Revenue1,600
Headcount (2024-25)Big Data, Timely Insights (BDTI)
Australian Bureau of Statistics
Total Budget
$225M
Digital Budget
$133.1M
July 2023 — June 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
Total Budget
$187M
Digital Budget
$68.4M
July 2024 — June 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
Total Budget
$70M
Digital Budget
$68.8M
September 2020 — June 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
Total Budget
$403.3M
Digital Budget
$262.2M
September 2024 — June 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
Total Budget
$361.5M
Digital Budget
$288.4M
November 2023 — June 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
Total Budget
$726M
Digital Budget
$164.4M
January 2022 — December 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
Total Budget
$51.4M
Digital Budget
$28.6M
July 2023 — September 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
Total Budget
$45.5M
Digital Budget
$45.5M
July 2024 — June 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
Total Budget
$98.1M
Digital Budget
$50.8M
January 2025 — June 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
Total Budget
$73.2M
Digital Budget
$38M
July 2024 — June 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
Total Budget
$110.5M
Digital Budget
$33.6M
July 2023 — June 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
Total Budget
$87.9M
Digital Budget
$69.7M
January 2025 — June 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
Total Budget
$80.5M
Digital Budget
$42.7M
July 2023 — June 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
Total Budget
$12M
Digital Budget
$2M
June 2024 — December 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
Total Budget
$136.4M
Digital Budget
$136.4M
January 2018 — December 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
Total Budget
$9.5M
Digital Budget
$4.8M
June 2024 — December 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
Total Budget
$8.9M
Digital Budget
$8.9M
July 2024 — June 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.
8 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
To promote the economic prosperity and welfare of the Australian people, now and into the future
VISION
“To be an open and dynamic central bank trusted for the quality of our analysis, policy and service delivery”
Corporate Plan 2025 · p.6PURPOSE
To promote the economic prosperity and welfare of the Australian people, now and into the future
Corporate Plan 2025 · p.4Strategic priorities
· 5
Outcomes
· 1
Outcome 1: Climate change and energy
Technological innovation and changing preferences mean that the landscape for retail payments and financial market infrastructure is evolving rapidly. We are helping to shape the future of money by exploring the case for new digital forms of money, and by ensuring cash remains a viable means of payment for those who need or want it.
KEY ACTIVITIES
Values
· 5
Promotion of the public interest
Integrity
Excellence
Intelligent inquiry
Respect
Performance measures
· 2
| Code | Measure | Target 2025-26 | Latest result | Status |
|---|---|---|---|---|
CCE01 | Consumer price inflation | between 2 and 3 per cent Corporate Plan 2025 · p.12 | within the 2–3 per cent target range Annual Report 2025 · p.10 | Achieved |
FSS01 | RITS Fast Settlement Service availability | 99.995 per cent on a 24/7 basis Corporate Plan 2025 · p.14 | 99.995 per cent on a 24/7 basis Annual Report 2025 · p.14 | Achieved |
Source documents
· 10
2025
annual-reports/2025.pdf
Open
2024
annual-reports/2024.pdf
Open
2023-24
Annual Report 2023-24
Open
2023
annual-reports/2023.pdf
Open
2022
annual-reports/2022.pdf
Open
2025
Download the Corporate Plan 2.6MB
Open
2022-23
2022/23 Corporate Plan 4.2MB
Open
2021-22
2021/22 Corporate Plan 423KB
Open
2020-21
2020/21 Corporate Plan 1.27MB
Open
2019-20
2019/20 Corporate Plan 625KB
Open
Ideas distilled from this entity's strategy & evidence
· 8
Enhance real-time monitoring of RITS availability
While RITS availability targets are high (99.95%), the corporate plan doesn't detail real-time public or internal dashboards for immediate issue identification and communication. Implement enhanced, real-time monitoring with automated alerts for any dip below target availability, enabling faster response and stakeholder notification.
2025-26.pages.jsonl
Establish formal knowledge-sharing mechanism for CBDC research
The RBA is assessing the case for a retail central bank digital currency (CBDC) in Project Acacia, drawing on international experiences. To ensure comprehensive and up-to-date insights, establish a formal, ongoing knowledge-sharing mechanism with international central banks and research institutions actively exploring CBDCs, beyond the current project scope.
2025-26.pages.jsonl
Expand scenario testing for payments system resilience
The RBA aims to strengthen payments system resilience. While cyber resilience is mentioned, a more proactive approach involves regular, complex, cross-institutional scenario testing simulating diverse systemic shocks (e.g., major cyber-attack, natural disaster impacting critical infrastructure, geopolitical event). This would go beyond routine testing to identify previously unrecognised vulnerabilities.
2025-26.pages.jsonl
Implement structured feedback mechanism for government banking services
The RBA aims to provide 'fit for purpose' banking services to government agencies. Currently, there's no explicit mention of a formal, ongoing customer feedback mechanism beyond general performance benchmarks. Introduce a structured annual survey or regular consultation process specifically for government banking clients to identify pain points and opportunities for improvement.
2025-26.pages.jsonl
Increase transparency around the framework for additional monetary policy tools
The RBA plans to 'progress' and 'maintain and adapt' a framework for additional monetary policy tools. To enhance public understanding and market confidence, consider publishing a more detailed, non-confidential overview of the RBA's framework, including the conditions under which these tools might be deployed and their intended effects, beyond current policy board communications.
2025-26.pages.jsonl
Publicly report on banknote quality metrics
The RBA aims to maintain high-quality banknotes. While the Reserve Bank Online Banknotes Survey measures public confidence, specific operational metrics on banknote quality (e.g., percentage of unfit notes withdrawn, average lifespan of notes in circulation) are not explicitly detailed for public reporting. Introduce a simple annual report on these operational quality indicators to complement the confidence survey.
2025-26.pages.jsonl
Develop a dedicated platform for financial stability risk communication
The RBA is committed to communicating financial stability risks regularly. To enhance accessibility and engagement, consider developing a dedicated online platform or section on the RBA website that aggregates all financial stability assessments, risk reports, and related policy discussions in a user-friendly format, potentially including interactive elements or simplified summaries.
2025-26.pages.jsonl
Establish formal governance for ongoing ISO 20022 standard changes
The RBA is supporting the industry's migration to ISO 20022 and embedding a framework for ongoing changes. To ensure long-term adaptability and efficiency, formalise the governance structure for managing these future standard changes, including clear roles, responsibilities, and decision-making processes for assessing, approving, and implementing updates to RITS functionality.
2025-26.pages.jsonl
Enhance real-time monitoring of RITS availability
While RITS availability targets are high (99.95%), the corporate plan doesn't detail real-time public or internal dashboards for immediate issue identification and communication. Implement enhanced, real-time monitoring with automated alerts for any dip below target availability, enabling faster response and stakeholder notification.
2025-26.pages.jsonl
Establish formal knowledge-sharing mechanism for CBDC research
The RBA is assessing the case for a retail central bank digital currency (CBDC) in Project Acacia, drawing on international experiences. To ensure comprehensive and up-to-date insights, establish a formal, ongoing knowledge-sharing mechanism with international central banks and research institutions actively exploring CBDCs, beyond the current project scope.
2025-26.pages.jsonl
Expand scenario testing for payments system resilience
The RBA aims to strengthen payments system resilience. While cyber resilience is mentioned, a more proactive approach involves regular, complex, cross-institutional scenario testing simulating diverse systemic shocks (e.g., major cyber-attack, natural disaster impacting critical infrastructure, geopolitical event). This would go beyond routine testing to identify previously unrecognised vulnerabilities.
2025-26.pages.jsonl
Implement structured feedback mechanism for government banking services
The RBA aims to provide 'fit for purpose' banking services to government agencies. Currently, there's no explicit mention of a formal, ongoing customer feedback mechanism beyond general performance benchmarks. Introduce a structured annual survey or regular consultation process specifically for government banking clients to identify pain points and opportunities for improvement.
2025-26.pages.jsonl
Increase transparency around the framework for additional monetary policy tools
The RBA plans to 'progress' and 'maintain and adapt' a framework for additional monetary policy tools. To enhance public understanding and market confidence, consider publishing a more detailed, non-confidential overview of the RBA's framework, including the conditions under which these tools might be deployed and their intended effects, beyond current policy board communications.
2025-26.pages.jsonl
Publicly report on banknote quality metrics
The RBA aims to maintain high-quality banknotes. While the Reserve Bank Online Banknotes Survey measures public confidence, specific operational metrics on banknote quality (e.g., percentage of unfit notes withdrawn, average lifespan of notes in circulation) are not explicitly detailed for public reporting. Introduce a simple annual report on these operational quality indicators to complement the confidence survey.
2025-26.pages.jsonl
Develop a dedicated platform for financial stability risk communication
The RBA is committed to communicating financial stability risks regularly. To enhance accessibility and engagement, consider developing a dedicated online platform or section on the RBA website that aggregates all financial stability assessments, risk reports, and related policy discussions in a user-friendly format, potentially including interactive elements or simplified summaries.
2025-26.pages.jsonl
Establish formal governance for ongoing ISO 20022 standard changes
The RBA is supporting the industry's migration to ISO 20022 and embedding a framework for ongoing changes. To ensure long-term adaptability and efficiency, formalise the governance structure for managing these future standard changes, including clear roles, responsibilities, and decision-making processes for assessing, approving, and implementing updates to RITS functionality.
2025-26.pages.jsonl
Legislation administered
· 19
1959
Reserve Bank Act 1959
Establishes the Reserve Bank of Australia and outlines its functions, including determining and implementing monetary policy, contributing to financial system stability, supporting the payments system, providing banking services to the government, and issuing banknotes.
1998
Payment Systems (Regulation) Act 1998
Provides the Reserve Bank of Australia with powers to regulate payment systems to control risk, promote efficiency, and promote competition.
1998
Payment Systems and Netting Act 1998
Facilitates the netting of payment obligations and provides for the finality of settlement in payment systems, with the Reserve Bank of Australia having a role in ensuring these operate effectively.
2001
Corporations Act 2001
Grants the Reserve Bank of Australia powers related to licensing and crisis resolution for clearing and settlement facilities, contributing to financial system stability.
1965
Currency Act 1965
Provides for the currency of Australia, including the issue of legal tender, with the Reserve Bank of Australia responsible for the design, production and distribution of Australian banknotes.
1911
Commonwealth Bank Act 1911
The historical Act under which the Reserve Bank of Australia was originally established as a body corporate.
1945
Commonwealth Bank Act 1945
Continued the Reserve Bank of Australia in existence as a body corporate.
1973
Remuneration Tribunal Act 1973
Establishes the Remuneration Tribunal to determine remuneration for principal executive offices, including the Governor and Deputy Governor of the Reserve Bank of Australia.
2025
Note Printing Australia Limited Charter
Governs the operations of Note Printing Australia Limited, a wholly owned subsidiary of the RBA, responsible for producing Australian banknotes.
2025
Statement on the Conduct of Monetary Policy
An agreement between the Treasurer and the Monetary Policy Board outlining the framework for achieving price stability and full employment.
2025
Memorandum of Understanding between the RBA Boards
Establishes how the RBA's three boards will work together to advance the RBA's overarching objective.
2025
Governance Board Charter
Outlines the responsibilities and functions of the RBA's Governance Board.
2025
Monetary Policy Board Charter
Outlines the responsibilities and functions of the RBA's Monetary Policy Board.
2025
Payments System Board Charter
Outlines the responsibilities and functions of the RBA's Payments System Board.
2025
Audit and Risk Committee Charter
Outlines the responsibilities and functions of the RBA's Audit and Risk Committee.
2025
RBA Code of Conduct for Governance Board Members
Sets out the ethical standards and conduct requirements for members of the Governance Board.
2025
RBA Code of Conduct for Monetary Policy Board Members
Sets out the ethical standards and conduct requirements for members of the Monetary Policy Board.
2025
RBA Code of Conduct for Payments System Board Members
Sets out the ethical standards and conduct requirements for members of the Payments System Board.
2025
RBA Payments Policy Conflict of Interest Policy
Addresses potential conflicts of interest between the RBA's payments policy and banking departments.
Source library
· 15
9.4MB
2025.pdf
10.4MB
2024.pdf
10.4MB
2023-24.pdf
9.8MB
2023.pdf
14.2MB
2022.pdf
2.5MB
2025.pdf
483KB
2022-23.pdf
433KB
2021-22.pdf
1.3MB
2020-21.pdf
641KB
2019-20.pdf
929KB
Economics-20Committee_2026_02_24.pdf
2.9MB
rba-annual-report-2025-part-1.pdf
Bodies within the Treasury portfolio
Royal Australian Mint
Non-corporate Commonwealth Entity
Productivity Commission
Non-corporate Commonwealth Entity
Office of the Australian Accounting Standards Board
Non-corporate Commonwealth Entity
Office of the Auditing and Assurance Standards Board
Non-corporate Commonwealth Entity
National Competition Council
Non-corporate Commonwealth Entity
Inspector-General of Taxation
Non-corporate Commonwealth Entity
Commonwealth Grants Commission
Non-corporate Commonwealth Entity
Australian Taxation Office
Non-corporate Commonwealth Entity
Australian Securities and Investments Commission
Non-corporate Commonwealth Entity
Australian Reinsurance Pool Corporation
Corporate Commonwealth Entity
Australian Prudential Regulation Authority
Non-corporate Commonwealth Entity
Australian Office of Financial Management
Non-corporate Commonwealth Entity