{
  "entity_id": "O-000927",
  "folder": "Department-of-the-Treasury",
  "name": "Department of the Treasury",
  "type": "Federal Department",
  "jurisdiction": "Commonwealth",
  "portfolio": "Treasury",
  "website": "https://treasury.gov.au/",
  "data_status": "rich",
  "completeness": {
    "has_strategy_brief": true,
    "has_strategy_structured": true,
    "has_vision": false,
    "has_kpi_targets": true,
    "has_kpi_results": true,
    "has_strategy_overview": true,
    "has_legislation_text": true,
    "has_legislation_structured": true,
    "has_global_initiatives_text": true,
    "has_ideas": true,
    "has_artifacts": true,
    "n_ideas": 8,
    "n_legislation": 10,
    "n_artifacts": 12,
    "n_kpi_targets": 5,
    "n_kpi_results": 3,
    "n_outcomes": 1,
    "verified_own_data": true
  },
  "strategy_profile": {
    "status": "published",
    "confidence": "high",
    "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]",
    "official_site_url": "https://treasury.gov.au/",
    "source_documents": [
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2024–25",
        "url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "period": "2024-25",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2023–24 (Complete Report)",
        "url": "https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf",
        "period": "2023-24",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2022-23 (Complete Report)",
        "url": "https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23.pdf",
        "period": "2022-23",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2021-22 (Complete Report)",
        "url": "https://treasury.gov.au/sites/default/files/2022-10/p2022-329943-tsy-annual-report-2021-22_2.pdf",
        "period": "2021-22",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2020-21 (Complete Report)",
        "url": "https://treasury.gov.au/sites/default/files/2021-10/p2021-216241-tsy-annual-report-2020-21.pdf",
        "period": "2020-21",
        "confidence": "high"
      },
      {
        "type": "corporate_plan",
        "title": "Corporate Plan 2017-18",
        "url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "period": "2017-18",
        "confidence": "high"
      }
    ],
    "purpose": {
      "text": "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]",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
      "source_page": 3,
      "source_deep_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=3"
    },
    "vision": null,
    "strategic_priorities": [
      {
        "title": "supporting and implementing informed decisions on policies for the good of the Australian people, including for achievin",
        "description": "supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth",
        "source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "source_page": 16,
        "source_deep_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=16"
      }
    ],
    "values": [
      {
        "name": "integrity maturity",
        "description": "",
        "source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "source_page": null
      },
      {
        "name": "risk management",
        "description": "",
        "source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "source_page": null
      }
    ],
    "outcomes": [
      {
        "name": "Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth",
        "description": "through the provision of advice to Treasury ministers and the efficient administration of Treasury’s functions.",
        "activities": [
          "providing advice to the government and implementing policies and programs to achieve strong and sustainable economic and fiscal outcomes for Australians"
        ],
        "source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "source_page": 16,
        "source_deep_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=16"
      }
    ],
    "performance_measures": [
      {
        "code": "APS Net Zero 2030",
        "measure": "Treasury’s progress towards the APS Net Zero 2030 target",
        "target": "target not specified",
        "latest_result": "target not achieved",
        "status": "Not achieved",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 226,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": 226
      },
      {
        "code": "Article IV consultation",
        "measure": "Article IV consultation",
        "target": "target not specified",
        "latest_result": "",
        "status": "",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 229,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": null
      },
      {
        "code": "Special Drawing Right",
        "measure": "Special Drawing Right",
        "target": "target not specified",
        "latest_result": "",
        "status": "",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 230,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": null
      },
      {
        "code": "International Monetary Fund",
        "measure": "International Monetary Fund",
        "target": "target not specified",
        "latest_result": "target not specified",
        "status": "N/A",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 227,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": 230
      },
      {
        "code": "Future Made in Australia",
        "measure": "Future Made in Australia",
        "target": "target not specified",
        "latest_result": "target not specified",
        "status": "N/A",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 269,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": 269
      }
    ],
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        "Treasury provides economic analysis and policy advice on many issues including the economy, Budget, taxation, financial sector, foreign investment, competition, market conduct, sup",
        "supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth"
      ],
      "watch_terms": [
        "Treasury’s progress towards the APS Net Zero 2030 target",
        "Article IV consultation",
        "Special Drawing Right",
        "International Monetary Fund",
        "Future Made in Australia"
      ],
      "avoid_claiming_without_evidence": []
    },
    "review_note": ""
  },
  "strategy_brief_md": "# Department of the Treasury — Strategy Brief\n\n**Reporting period**: 2024-25\n**Corporate plan in force**: 2025-26\n**Annual Report**: [2024-25](https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)\n**Corporate Plan**: [2025-26](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf)\n\n## Our purpose / purposes\n\n> 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](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=3) [[CP p.3](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=3)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=3)]\n\n## How we deliver\n\n> Treasury anticipates and analyses policy issues, taking a whole-of-economy perspective, understands government and stakeholder circumstances, and responds rapidly to changing events and directions. Treasury works with state and territory governments on key policy areas, as well as managing federal financial relations. [CP p.8](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=8) [[CP p.8](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=8)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=8)]\n\n## Government priorities for this department\n\n- supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth [[CP p.16](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=16)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=16)]\n\n## Outcomes\n\n### Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth\nthrough the provision of advice to Treasury ministers and the efficient administration of Treasury’s functions. [[CP p.16](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=16)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=16)]\n\n**Key activities:**\n- providing advice to the government and implementing policies and programs to achieve strong and sustainable economic and fiscal outcomes for Australians\n\n## Values and principles\n\n- integrity maturity\n- risk management\n\n## What they will measure themselves on this year (targets from 2025-26 corporate plan)\n\n| Code | Measure | Target | Source |\n|---|---|---|---|\n| APS Net Zero 2030 | Treasury’s progress towards the APS Net Zero 2030 target | target not specified | [CP p.226](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=226)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=226) |\n| Article IV consultation | Article IV consultation | target not specified | [CP p.229](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=229)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=229) |\n| Special Drawing Right | Special Drawing Right | target not specified | [CP p.230](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=230)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=230) |\n| International Monetary Fund | International Monetary Fund | target not specified | [CP p.227](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=227)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=227) |\n| Future Made in Australia | Future Made in Australia | target not specified | [CP p.269](https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=269)(https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=269) |\n\n## How they performed last year (results from 2024-25 annual report)\n\n| Code | Measure | Result | Status | Source |\n|---|---|---|---|---|\n| APS Net Zero 2030 | Treasury’s progress towards the APS Net Zero 2030 target | target not achieved | Not achieved | [AR p.226](https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf#page=226)(https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf#page=226) |\n| International Monetary Fund | International Monetary Fund | target not specified | N/A | [AR p.230](https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf#page=230)(https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf#page=230) |\n| Future Made in Australia | Future Made in Australia | target not specified | N/A | [AR p.269](https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf#page=269)(https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf#page=269) |",
  "strategy_overview_evidence_md": null,
  "internal_strategy_evidence_md": "# Department of the Treasury - Strategy, Performance, and Operating Profile\n\n**Generated at**: 2026-05-10T23:11:23.524467+00:00\n**Entity ID**: O-000927\n**Entity type**: Federal Department\n**Jurisdiction**: Commonwealth\n**Portfolio**: Treasury\n**Website**: https://treasury.gov.au/\n\n> Draft generated from scraped source material. Treat this as an evidence pack for editorial review, not a final judgement.\n\n## Source Coverage\n\n| Source type | Count |\n|---|---:|\n| annual-reports | 2 |\n| corporate-plans | 1 |\n| global-intelligence | 4 |\n| other-pdfs | 5 |\n| pages | 40 |\n| reviews | 1 |\n\n## Executive Readout\n\n### Purpose\n\n- Our purpose under the Treasury Corporate Plan 2023–24 to 2026–27 is to:\nProvide advice to the Government and implement\npolicies and programs to achieve strong and sustainable\neconomic and fiscal outcomes for Australians .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- 16\nTable 3: Total tax receipts variance between outcome\nand forecast, excluding company tax . . . . . . . . . . . . . .39\nTable 4: Total tax receipts variance between outcome\nand forecast, including company tax . . . . . . . . . . . . . . .39\nTable 5: World Competitiveness Ranking score,\n2021–22 to 2024–25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .43\nTable 6: Department of the Treasury\nresource statement 2024–25 . . . . . . . . . . . . . . . . . . . . . . . .83\nTable 7: Expenses for Treasury Outcome 1 2024–25 . . . . . . . . .85\nTable 8: Audit and Risk Committee members –\nqualifications, attendance and remuneration . . . . .93\nTable 9: All ongoing employees current\nreport period (2024–25) . . . . . . . . . . . . . . . . . . . . . . . . . . .\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 15]\nTreasury Annual Report 2024–25\nIntroduction and guide to the report\nThe Treasury Annual Report 2024–25 outlines performance against outcomes, program\nand performance information contained in the:\nƒ Portfolio Budget Statements 2024–25\nƒ Portfolio Additional Estimates Statements 2024–25\nƒ Portfolio Supplementary Estimates Statements 2024–25\nƒ Treasury Corporate Plan 2024–25.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In accordance with subsection 16F of the Public Governance, Performance and\nAccountability Rule 2014 (PGPA Rule), these statements report on our performance\nin the year ended 30 June 2025, assessed against the purpose, key activities and\nperformance measures relevant to the Treasury published in:\nƒ the Department of the Treasury 2024–25 Corporate Plan (Corporate Plan 2024–25)\nƒ 2024–25 Portfolio Budget Statements – the Department of the Treasury\n(PBS 2024–25).\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n\n### Role and Functions\n\n- [Page 102]\nPart 2 – Report on performance\nActual\nBudget* expenses Variation\n2024–25 2024–25 2024–25\n$’000 $’000 $’000\n(a) (b) (a - b)\nOutcome 1 Totals by appropriation type\nAdministered expenses\nOrdinary annual services 153,279 127,275 26,004\nSpecial appropriations 131,006,897 131,423,090 (416,193)\nSpecial accounts 76,221,113 75,959,856 261,257 2\nPayment to corporate entities 5,428 5,428 -\nExpenses not requiring appropriation in the 807,468 2,182,830 (1,375,362)\nBudget year1\nAdministered total 208,194,185 209,698,479 (1,504,294)\nDepartmental expenses\nDepartmental appropriations2 386,384 379,172 7,212\ns74 External Revenue3 11,072 10,106 966\nExpenses not requiring appropriation in the 25,680 26,174 (494)\nBudget year1\nDepartmental total 423,136 415,452 7,684\nTotal expenses for Outcome 1 208,617,321 210,113,931 (1,496,610)\n2024–25 2024–25\nAverage staffing level (number) 1,601 1,671\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- As set out in the Corporate Plan 2022–23, Treasury achieves our purpose through\nour activities:\nƒ Activity 1: Provide informed, influential and impactful policy advice and analysis.\nƒ Activity 2: Ensure effective Government spending arrangements.\nƒ Activity 3: Effective markets, financial and taxation systems, and program delivery\nassociated with the Government’s economic priorities.\nƒ Activity 4: Deliver the Government’s legislative agenda associated with the\nTreasury portfolio.\nƒ Activity 5: Administer Treasury’s regulator functions.\n  Source: `other-pdfs/p2023-454036-tsy-ar-2022-23-part2.pdf (https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23-part2.pdf)`\n- [Page 65]\nTreasury Annual Report 2024–25\nIntended result 2.5\nTreasury’s regulatory functions:\nƒ Treasury administers Australia’s foreign investment framework consistent with\nAustralia’s national and economic interests.\nƒ Treasury administers the Payments Times Reporting Scheme to improve the payment\nterms, times and practices of large businesses towards their small business suppliers\nand improve payment outcomes for small businesses.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- The target for 2024–25 aimed at bringing $290,907\n(excluding GST) of core work in-house in Portfolio Program and Project Management\nfunctions.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 31]\nPart 1 – Overview\nPortfolio structure\n1\nAs of 30 June 2024, the Treasury portfolio comprised 16 entities in the general\ngovernment sector, including:\n• The Australian Bureau of Statistics\n• Australian Competition and Consumer Commission\n• Australian Office of Financial Management\n• Australian Prudential Regulation Authority\n• Australian Reinsurance Pool Corporation\n• Australian Securities and Investments Commission\n• The Australian Taxation Office\n• Commonwealth Grants Commission\n• Housing Australia (formerly National Housing Finance and Investment Corporation)\n• Inspector‑General of Taxation\n• National Competition Council\n• Office of the Auditing and Assurance Standards Board\n• Office of the Australian Accounting Standards Board\n• Productivity Commission\n• Reserve Bank of Australia\n• Royal Australian Mint\nFigure 2: Treasury outcome and program structure\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- [Page 7]\nTreasury Annual Report 2024–25\nBudget variance reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .134\nAdministered schedule of comprehensive income . . . . . . . . . . . . .135\nAdministered schedule of assets and liabilities . . . . . . . . . . . . . . . .136\nAdministered reconciliation schedule . . . . . . . . . . . . . . . . . . . . . . . . . .\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n\n### Strategic Priorities\n\n- In accordance with subsection 16F of the Public Governance, Performance and\nAccountability Rule 2014 (PGPA Rule), these statements report on our performance\nin the year ended 30 June 2025, assessed against the purpose, key activities and\nperformance measures relevant to the Treasury published in:\nƒ the Department of the Treasury 2024–25 Corporate Plan (Corporate Plan 2024–25)\nƒ 2024–25 Portfolio Budget Statements – the Department of the Treasury\n(PBS 2024–25).\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- As set out in the Corporate Plan 2024–25, Treasury achieves our purpose through our\nkey activities:\nƒ Key activity 1: Treasury’s policy advice and analysis is impactful, informed\nand influential\nƒ Key activity 2: Treasury’s implementation of policies and regulation supports\nAustralia’s economy and national interest\n2 ƒ Key activity 3: Treasury’s external engagements enable implementation of the\ngovernment’s economic and fiscal agenda.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In 2024–25, Treasury used 12 performance measures across the 3 key activities of the\nCorporate Plan 2024–25 to assess performance against the activities undertaken to\nachieve our purpose.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- The statements provide a clear read of Treasury’s performance\nover the financial year against the key activities and performance measures in the\nCorporate Plan 2024–25 and 2024–25 Portfolio Budget Statements (PBS).1\nTreasury achieved, substantially achieved, or partially achieved 12 of the\n12 performance measures.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- The deliverables for performance reporting are the 2023–24 Final Budget\nOutcome, 2024–25 Mid-Year Economic and Fiscal Outlook, 2025–26 Budget.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Source PBS Program 1.1 – Department of the Treasury\nCorporate Plan 2024–25\nPerformance Achieved\nachieved All 4 deliverables were publicly released in line with the requirements and\n2024–25 within the timeframes of the Charter.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Achieved means 100% of deliverables were publicly released in line with the\nrequirements and within the timeframes of the Charter.(a)\nPerformance In 2021–22, 2022–23 and 2023–24 Treasury reported a result of achieved\nachieved with 100% of deliverables publicly released in line with the requirements and\nover time within the timeframes of the Charter.(b)\na) Achieved is assessed as 100 per cent of deliverables required under the Charter of Budget Honesty Act 1998\n(the Charter) are released within the timeframes and not achieved is assessed as less than 100 per cent of\ndeliverables required under the Charter are released within the timeframes.\nb) Treasury’s performance is assessed against the number of deliverables required under the Charter for the\nreporting period.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [pages 55,56,57]\ne within the timeframes of the Charter.(b)\na) Achieved is assessed as 100 per cent of deliverables required under the Charter of Budget Honesty Act 1998\n(the Charter) are released within the timeframes and not achieved is assessed as less than 100 per cent of\ndeliverables required under the Charter are released within the timeframes.\nb) Treasury’s performance is assessed against the number of deliverables required under the Charter for the\nreporting period.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 20]\nTreasury Annual Report 2023–24\nOur work in 2023–24\n1\nOur effectiveness as the Australian Government’s lead economic adviser continued\nto be underpinned by the capability of our staff, and our ability to quickly adjust and\nadapt to new priorities .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- In 2023–24, Treasury used 13 performance measures across the 3 key activities of the\nCorporate Plan 2023–24 to assess performance against the activities undertaken to\nachieve our purpose .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n\n## KPIs, Targets, and Where They Are At\n\n- 2024–25\nPartially achieved means Australia’s competitiveness score is between 94 to\n98.(b)\nPerformance In 2023–24 Treasury reported a result of substantially achieved with\nachieved Australia’s competitiveness score of 102 against a target of 105.\nover time This performance measure was introduced in 2022–23.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Substantially achieved means between 80 to 84% of regulated entities\nregistered as a reporting entity .34\nPerformance This performance measure was introduced in 2022–23 and Treasury\nachieved over time reported a result of partially achieved with 72% of entities registered\nto report compared to the number of entities required to be registered\nto report .35\n34 Achieved is assessed as ≥85% of regulated entities registered as a reporting entity, substantially achieved is\nassessed as 80 to 84%, partially achieved is assessed as 75 to 79%, and not achieved is assessed as <75% .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- Not achieved means Australia does not complete all components\nof the target .24\nPerformance This performance measure was introduced in 2022–23 and Treasury\nachieved over time reported a result of on‑track to achieve the 2023–24 target .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- [pages 57,58,59]\nompetitiveness score is between 94 to\n98.(b)\nPerformance In 2023–24 Treasury reported a result of substantially achieved with\nachieved Australia’s competitiveness score of 102 against a target of 105.\nover time This performance measure was introduced in 2022–23.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- 2\n• Performance measures 1, 2, 3, 4, 6, 8, 11 and 12 were achieved .2\n• Performance measures 5, 9, 10 and 13 were substantially achieved .3\n• Performance measures 1 and 9 were partially achieved .4,5\n• Performance measure 7 was not achieved .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- Performance measure 5 assessed Australia as\nmarginally more competitive in 2023–24 compared with 2022–23, but not meeting the\ntarget resulting in a substantially achieved result .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- Treasury achieved, substantially achieved, or partially achieved against 11 of the 13\nperformance measures.\nƒ Performance measures 1,3 2, 4, 5, 8, 10 and 11 were achieved.\nƒ Performance measures 6 and 7 were substantially achieved.\nƒ Performance measures 124 and 13 were partially achieved.\nƒ A component of performance measures 1 and 3 was not achieved.\nƒ Performance measure 9 reported that progress was on-track against the\n2023–24 target.\n  Source: `other-pdfs/p2023-454036-tsy-ar-2022-23-part2.pdf (https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23-part2.pdf)`\n- 2\nƒ Performance measures 1, 2, 3, 4, 6, 7, 8, 11 and 12 were achieved.\nƒ Performance measure 13 was substantially achieved.\nƒ Performance measures 5 and 9 were partially achieved.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 40]\nPart 2 – Report on performance\nPerformance summary 2024–25\nKey activity 1: Treasury’s policy advice and analysis\nis impactful, informed and influential\nPerformance\nPerformance measure 2024–25 target achieved\nPerformance measure 1 83% Achieved\nProportion of Treasury ministers, key Ministerial feedback\ngovernment entities and stakeholders questionnaire 2\nthat rate Treasury advice highly.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 41]\nTreasury Annual Report 2024–25\nKey activity 2: Treasury’s implementation of policies\nand regulation supports Australia’s economy and\nnational interest\nPerformance\nPerformance measure 2024–25 target achieved\nPerformance measure 5 Competitiveness score >105 Partially\nAustralia maintains or improves achieved\nits 2022 score on markets related\ninputs to the World Competitiveness\nRanking produced by the\nInstitute for Management Development.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 42]\nPart 2 – Report on performance\nKey activity 3: Treasury’s external engagements\nenable implementation of the government’s\neconomic and fiscal agenda\nPerformance\nPerformance measure 2024–25 target achieved\nPerformance measure 11 80% Achieved\nProportion of Treasury ministers, Treasury Ministerial feedback\nportfolio agencies and regulators, and key questionnaire\nstakeholders that highly rate working with\nthe Treasury.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In 2021–22 Treasury reported a result of achieved with an average of\n94% of measures committed for delivery across the sitting periods.\na) Achieved is assessed as ≥91% of legislative measures delivered, substantially achieved is assessed as 86%\nto 90%, partially achieved is assessed as 80% to 85%, and not achieved is assessed as <80%.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Source PBS Program 1.3 – Support for Markets and Business\nCorporate Plan 2024–25\nPerformance Reporting is not required in 2024–25.\nachieved\n2024–25\nPerformance In 2023–24 Treasury reported a result of substantially achieved with 84% of\nachieved entities registered to report compared to the number of entities required to\n2 over time be registered to report.(a)\nTreasury reported a result of partially achieved with 72% of entities\nregistered to report compared to the number of entities required to be\nregistered to report.(b)\nThe performance results from prior years will not be comparable with\n2025–26 reporting.\na) Achieved is assessed as ≥85% of regulated entities registered as a reporting entity, substantially achieved is\nassessed as 80 to 84%, partially achieved is assessed as 75 to 79%, and not achieved is assessed as <75%.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In 2021–22 Treasury reported achieved with an effectiveness result of\n77% for the quality of engagement or consultation from stakeholders.(e)\n2\na) Stakeholders involved in the survey are senior officials from Australian Government entities that are Treasury’s\ncounterparts and senior executive level stakeholders from organisations external to government who have\nhad defined interactions with Treasury at least 4 times in the past year (1 April 2024 – 31 March 2025).\nb) The performance result was calculated as an average of the percentage of Treasury ministers or their\ndelegate who provided ratings of 4 (good) or 5 (very good) on a 5-point scale for applicable question items.\nc) Achieved is assessed as a performance result of ≥80%, substantially achieved is assessed as 75 to 79%,\npartially achieved is assessed as 70 to 74%, and not achieved is assessed as <70%.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n\n## Key Metrics\n\n| Values found | Evidence | Source |\n|---|---|---|\n| $9.318 million, 9.318 million | Budget Variance explanation Affected statements and line items\nThe net cost of service was $9.318 million higher than Budget Statement of Comprehensive Income Statement\nbecause of: - Employee benefits\n- an increase in pay rates because of the new enterprise - Suppliers\nagreement; and Statement of Financial Position\n- an increase of the department’s permanent workforce - Employee provisions\npartially offset by a reduction in supplier costs across | `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)` |\n| $398.9 million, $3.5 million, 398.9 million, 3.5 million | [Page 97]\nTreasury Annual Report 2024–25\nFinancial performance\nDepartmental resourcing\nTreasury received $398.9 million in departmental operating appropriations and\n$3.5 million in capital budget appropriations in 2024–25. | `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)` |\n| $349 , $3 , 4 million, 5 million | [Page 88]\nTreasury Annual Report 2023–24\nFinancial performance\nDepartmental resourcing\nTreasury received $349 .4 million in departmental operating appropriations and\n$3 .5 million in capital budget appropriations in 2023–24 . | `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)` |\n| $17.6 million, $10.5 million, 17.6 million, 10.5 million | [Page 73]\nPart 4 – Financial statements\nExplanations of major variances Affected line items\nEmployee benefits is $17.6 million (8%) over budget, this is driven by the Employee Benefits\nfollowing factors;\n- An increase in average staffing level from 1,438 in 2021-22 to 1,469 in 2022-23.\n- In November 2022 the Public Sector Interim Workplace Arrangement 2022\nreleased by APSC provided for a 3% increase in salary and wages for staff within\nTreasury. | `other-pdfs/p2023-454036-tsy-ar-2022-23-part4.pdf (https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23-part4.pdf)` |\n\n## Key Achievements\n\n- Source PBS Program 1.1 – Department of the Treasury\nCorporate Plan 2024–25\nPerformance Achieved\nachieved Australia implemented legislation to give domestic effect to the undertaxed\n2024–25 payments rule under Pillar Two in accordance with the progress and\ntimelines of the OECD.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Source PBS Program 1.1 – Department of the Treasury\nCorporate Plan 2024–25\nPerformance Achieved\nachieved Treasury delivered an average of 97% of measures committed for delivery\n2024–25 across the sitting periods.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Achieved means 91% or greater of legislative measures delivered as\ncommitted with adjustment for reprioritisation.(a)\nPerformance In 2023–24 Treasury reported a result of achieved with an average of\nachieved over 97% of measures committed for delivery across the sitting periods.\ntime In 2022–23 Treasury reported a result of achieved with an average of\n98% of measures committed for delivery across the sitting periods.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In 2021–22 Treasury reported a result of achieved with an average of\n94% of measures committed for delivery across the sitting periods.\na) Achieved is assessed as ≥91% of legislative measures delivered, substantially achieved is assessed as 86%\nto 90%, partially achieved is assessed as 80% to 85%, and not achieved is assessed as <80%.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Source PBS Program 1.4 – Commonwealth-State Financial Relations\nCorporate Plan 2024–25\nPerformance Substantially achieved\nachieved 782 payments (99.0%) out of 790 payments were delivered within legislative\n2024–25 requirements and agreements.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Substantially achieved means 98% to 99.9% of payments are delivered within\nrequirements and agreements.(a)\nPerformance In 2023–24 Treasury reported a result of substantially achieved with\nachieved over 681 payments (99.6%) out of 684 payments were delivered within legislative\ntime requirements and agreements.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In 2021–22 Treasury reported a result of substantially achieved with\n639 (99.5%) payments administered within the requirements and\n642 (100%) payments administered within the required timeframes.(b) (c)\na) Achieved is assessed as 100% of payments are delivered within requirements, substantially achieved is\nassessed as 98 to 99.9%, partially achieved is assessed as 95 to 97 .9%, and not achieved is assessed\nas <95%.\nb) Achieved was assessed in 2021–22 and 2022–23 as 100% of payments are delivered within requirements,\nsubstantially achieved is assessed as 95 to 99%, partially achieved is assessed as 90 to 94%, and not\nachieved is assessed as <90%.\nc) Treasury removed the assessment of payments against timeframes in Corporate Plan 2022–23.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- 2024–25\nPerformance In 2023–24 the Department of Social Services reported a result of ‘not met’\nachieved with 499 funded Safe Places completed and tenanted.\nover time In 2022–23 the Department of Social Services reported a result of ‘met’ with\n245 funded Safe Places completed and tenanted.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Following a budget surplus in 2022–23, a second surplus was delivered in 2023–24,\nthe first time 2 back‑to‑back surpluses have been delivered in nearly 2 decades .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- Source PBS Program 1 .1 – Department of the Treasury\nCorporate Plan 2023–24\nPerformance Achieved\nachieved 2023–24 Treasury delivered an average of 97% of measures committed for\ndelivery across the sitting periods .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- 25 Achieved is assessed as ≥90% of legislative measures delivered, substantially achieved is assessed as 80%\nto 89%, partially achieved is assessed as 60% to 79%, and not achieved is assessed as <60% .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- Source PBS Program 1 .4 – Commonwealth‑State Financial Relations\nCorporate Plan 2023–24\nPerformance Substantially achieved\nachieved 2023–24 681 payments (99 .6%) out of 684 payments were delivered within\nlegislative requirements and agreements .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n\n## Key Issues, Risks, and Recommendations\n\n- 16\nTable 3: Total tax receipts variance between outcome\nand forecast, excluding company tax . . . . . . . . . . . . . .39\nTable 4: Total tax receipts variance between outcome\nand forecast, including company tax . . . . . . . . . . . . . . .39\nTable 5: World Competitiveness Ranking score,\n2021–22 to 2024–25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .43\nTable 6: Department of the Treasury\nresource statement 2024–25 . . . . . . . . . . . . . . . . . . . . . . . .83\nTable 7: Expenses for Treasury Outcome 1 2024–25 . . . . . . . . .85\nTable 8: Audit and Risk Committee members –\nqualifications, attendance and remuneration . . . . .93\nTable 9: All ongoing employees current\nreport period (2024–25) . . . . . . . . . . . . . . . . . . . . . . . . . . .\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In 2021–22 Treasury reported a result of achieved with an average of\n94% of measures committed for delivery across the sitting periods.\na) Achieved is assessed as ≥91% of legislative measures delivered, substantially achieved is assessed as 86%\nto 90%, partially achieved is assessed as 80% to 85%, and not achieved is assessed as <80%.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Source PBS Program 1.3 – Support for Markets and Business\nCorporate Plan 2024–25\nPerformance Reporting is not required in 2024–25.\nachieved\n2024–25\nPerformance In 2023–24 Treasury reported a result of substantially achieved with 84% of\nachieved entities registered to report compared to the number of entities required to\n2 over time be registered to report.(a)\nTreasury reported a result of partially achieved with 72% of entities\nregistered to report compared to the number of entities required to be\nregistered to report.(b)\nThe performance results from prior years will not be comparable with\n2025–26 reporting.\na) Achieved is assessed as ≥85% of regulated entities registered as a reporting entity, substantially achieved is\nassessed as 80 to 84%, partially achieved is assessed as 75 to 79%, and not achieved is assessed as <75%.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In 2021–22 Treasury reported achieved with an effectiveness result of\n77% for the quality of engagement or consultation from stakeholders.(e)\n2\na) Stakeholders involved in the survey are senior officials from Australian Government entities that are Treasury’s\ncounterparts and senior executive level stakeholders from organisations external to government who have\nhad defined interactions with Treasury at least 4 times in the past year (1 April 2024 – 31 March 2025).\nb) The performance result was calculated as an average of the percentage of Treasury ministers or their\ndelegate who provided ratings of 4 (good) or 5 (very good) on a 5-point scale for applicable question items.\nc) Achieved is assessed as a performance result of ≥80%, substantially achieved is assessed as 75 to 79%,\npartially achieved is assessed as 70 to 74%, and not achieved is assessed as <70%.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- In 2021–22 Treasury reported a result of substantially achieved with\n639 (99.5%) payments administered within the requirements and\n642 (100%) payments administered within the required timeframes.(b) (c)\na) Achieved is assessed as 100% of payments are delivered within requirements, substantially achieved is\nassessed as 98 to 99.9%, partially achieved is assessed as 95 to 97 .9%, and not achieved is assessed\nas <95%.\nb) Achieved was assessed in 2021–22 and 2022–23 as 100% of payments are delivered within requirements,\nsubstantially achieved is assessed as 95 to 99%, partially achieved is assessed as 90 to 94%, and not\nachieved is assessed as <90%.\nc) Treasury removed the assessment of payments against timeframes in Corporate Plan 2022–23.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 108]\nCorporate\ngovernance\n93\n3\nPart\n3\n–\nManagement\nand\naccountability\nTable 8: Audit and Risk Committee members – qualifications, attendance and remuneration\nDate of Date of\nName Position and Role Qualifications Experience Commencement Cessation\necnadnettA\n)a(noitarenumeR\nMr Don • External Member • Fellow of the Institute • Mr Cross has a background in 1 August 2019 - 5/5 $48,930\nCross • Audit and Risk of Chartered financial audit, internal audit,\nCommittee Chair Accountants and a management assurance and\nCertified Practising performance and program\n• Financial\nAccountant management.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Mr Carl • External Member • Master of Public • Member, Wollongong Council 2 November 2020 15 November 2024 3/3 $6,256\nMurphy Administration Audit, Risk and Improvement\n• Certified Practising Committee Senior Moderator,\nAccountant (retired) The Cranlana Centre for Ethical\nLeadership Consultancy\n• Graduate of the\nPractice to government and\nAustralian Institute of\nnot-for-profits in governance\nCompany Directors\nand organisational change.\n• Bachelor of Arts\n• Previous senior executive\n(Hons)\nroles in the departments\nof Infrastructure, Regional\nDevelopment and Cities;\nFinance; and the Environment.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- Company Directors • Previous Partner at a large\n• Fellow of Chartered accounting firm and has over\nAccountants Australia 20 years’ experience in financial\nand New Zealand, statement audit, internal\naudit and project and risk\n• Certified internal\nmanagement, with a particular\nauditor and was\nfocus on government.\na registered\ncompany auditor\nMr Greg • External Member • Bachelor of • Current member of several 21 October 2024 - 3/3 $22,748\nDivall Applied Science Audit and Risk Committees\n(Mathematics) across Commonwealth and\n• Master of Business state government agencies.\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- 2\n• Performance measures 1, 2, 3, 4, 6, 8, 11 and 12 were achieved .2\n• Performance measures 5, 9, 10 and 13 were substantially achieved .3\n• Performance measures 1 and 9 were partially achieved .4,5\n• Performance measure 7 was not achieved .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- 8 Achieved is assessed as ≥80% of survey respondents provide a ‘High’ overall rating, substantially achieved\nis assessed as 75 to 79%, partially achieved is assessed as 70 to 74%, and not achieved is assessed as <70% .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- 22 Achieved is assessed as Australia maintains or increases a score of 105, substantially achieved is assessed\nas a score of 99 to 104, partially achieved is assessed as a score of 94 to 98, and not achieved is assessed\nas a score that falls below 94 .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- 25 Achieved is assessed as ≥90% of legislative measures delivered, substantially achieved is assessed as 80%\nto 89%, partially achieved is assessed as 60% to 79%, and not achieved is assessed as <60% .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- Substantially achieved means between 80 to 84% of regulated entities\nregistered as a reporting entity .34\nPerformance This performance measure was introduced in 2022–23 and Treasury\nachieved over time reported a result of partially achieved with 72% of entities registered\nto report compared to the number of entities required to be registered\nto report .35\n34 Achieved is assessed as ≥85% of regulated entities registered as a reporting entity, substantially achieved is\nassessed as 80 to 84%, partially achieved is assessed as 75 to 79%, and not achieved is assessed as <75% .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- 40 Achieved is assessed as a performance result of ≥75%, substantially achieved is assessed as 70 to 74%,\npartially achieved is assessed as 65 to 69%, and not achieved is assessed as <65% .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n\n## Corporate Values and Operating Culture\n\n- Budget Variance explanation Affected statements and line items\nThe net cost of service was $9.318 million higher than Budget Statement of Comprehensive Income Statement\nbecause of: - Employee benefits\n- an increase in pay rates because of the new enterprise - Suppliers\nagreement; and Statement of Financial Position\n- an increase of the department’s permanent workforce - Employee provisions\npartially offset by a reduction in supplier costs across the - Employee benefits payable\ndepartment due to decreased spending on consultants and Cash Flow Statement\ncontractors. - Employees\n- Suppliers\nAdditional Departmental Appropriation was received as part of Statement of Comprehensive Income Statement\nthe Portfolio Additional Estimates (Appropriation Act No.3) and - Revenue from Government\nPortfolio Supplementary Additional Estimates Statement Statement of Financial Position\n(Appropriation Act No.\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- [Page 121]\nPart 3 – Management and accountability\nTable 24: Australian National Audit Office Access contract details 2023–24\nName of Total contract Reason for not including\ncontractor Purpose value $ (inc.\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- [Page 118]\nPart 3 – Management and accountability\nTable 14: Australian Public Service Act ongoing employees previous report\nperiod (2023–24)\nLevel Male Female Uses other term Total\n3\nOur people 103\nemit-lluF\nemit-traP elaM\nlatoT\nemit-lluF\nemit-traP\nlatoT\nelameF\nemit-lluF\nemit-traP sesU\nlatoT\nmret\nrehto\nSES 3 2 0 2 4 0 4 0 0 0 6\nSES 2 11 0 11 13 0 13 0 0 0 24\nSES 1 46 3 49 40 2 42 0 0 0 91\nEL 2 119 9 128 139 27 166 0 0 0 294\nEL 1 249 19 268 229 39 268 0 0 0 536\nAPS 6 158 4 162 175 25 200 0 0 0 362\nAPS 5 74 3 77 89 12 101 0 0 0 178\nAPS 4 13 1 14 12 2 14 0 0 0 28\nAPS 3 33 0 33 23 3 26 0 0 0 59\nAPS 2 0 0 0 0 0 0 0 0 0 0\nAPS 1 1 0 1 2 0 2 0 0 0 3\nOther 0 0 0 0 0 0 0 0 0 0\nTotal 706 39 745 726 110 836 0 0 0 1,581\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 120]\nPart 3 – Management and accountability\nTable 16: Australian Public Service Act non-ongoing employees previous report\nperiod (2023–24)\nLevel Male Female Uses other term Total\n3\nOur people 105\nemit-lluF\nemit-traP elaM\nlatoT\nemit-lluF\nemit-traP\nlatoT\nelameF\nemit-lluF\nemit-traP sesU\nlatoT\nmret\nrehto\nSES 3 0 0 0 0 0 0 0 0 0 0\nSES 2 0 0 0 0 0 0 0 0 0 0\nSES 1 0 0 0 0 0 0 0 0 0 0\nEL 2 3 1 4 0 3 3 0 0 0 7\nEL 1 2 1 3 5 2 7 0 0 0 10\nAPS 6 3 0 3 2 1 3 0 0 0 6\nAPS 5 1 0 1 6 4 10 0 0 0 11\nAPS 4 1 2 3 7 1 8 0 0 0 11\nAPS 3 0 3 3 2 4 6 0 0 0 9\nAPS 2 0 15 15 2 13 15 0 0 0 30\nAPS 1 0 0 0 0 1 1 0 0 0 1\nOther 0 0 0 0 0 0 0 0 0 0\nTotal 10 22 32 24 29 53 0 0 0 85\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 122]\nPart 3 – Management and accountability\nTable 18: Australian Public Service Act employees by full-time and part-time\nstatus previous report period (2023–24)\nLevel Ongoing Non-Ongoing Total\nTotal Total\nFull-time Part-time Ongoing Full-time Part-time Non-Ongoing\nSES 3 6 0 6 0 0 0 6\nSES 2 24 0 24 0 0 0 24\nSES 1 86 5 91 0 0 0 91\nEL 2 258 36 294 3 4 7 301\nEL 1 478 58 536 7 3 10 546\nAPS 6 333 29 362 5 1 6 368\nAPS 5 163 15 178 7 4 11 189\nAPS 4 25 3 28 8 3 11 39\nAPS 3 56 3 59 2 7 9 68\nAPS 2 0 0 0 2 28 30 30\nAPS 1 3 0 3 0 1 1 4\nOther 0 0 0 0 0 0 0\nTotal 1,432 149 1,581 34 51 85 1,666\n3\nTable 19: Australian Public Service Act employment type by location current\nreport period (2024–25)\nState/Territory Ongoing Non-Ongoing Total\nNSW 212 12 224\nQLD 0 0 0\nSA 1 0 1\nTAS 2 0 2\nVIC 208 9 217\nWA 12 0 12\nACT 1,145 39 1,184\nNT 0 0 0\nExternal Territories 0 0 0\nOverseas 14 0 14\nTotal 1,594 60 1,654\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 132]\nExecutive\nremuneration\n117\n3\nPart\n3\n–\nManagement\nand\naccountability\nTable 32: Key management personnel remuneration\nPost-employment Other long-term\nShort-term benefits benefits benefits\nOther Long Other\nPosition Base benefits and Superannuation service long-term Termination Total\nName title salary1 Bonuses allowances2 contributions3 leave4 benefits benefits remuneration5\nJenny Secretary 46,627 0 79 2,074 3,852 0 0 52,632\nWilkinson PSM\nDr Steven Secretary 809,790 0 1,138 117,524 45,658 0 0 974,110\nKennedy PSM\nVictoria Deputy 391,390 0 1,433 74,047 13,600 0 0 480,470\nAnderson Secretary\nDiane Brown Deputy 395,291 0 0 61,930 14,783 0 0 472,004\nSecretary\nJames Kelly Deputy 164,812 0 1,534 21,378 16,457 0 0 204,181\nSecretary\nDamien White Deputy 238,331 0 1,577 37,472 18,376 0 0 295,756\nSecretary\nDr Angelia Deputy 95,515 0 439 16,100 1,698 0 0 113,752\nGrant Secretary\n  Source: `annual-reports/2024-25.pdf (https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf)`\n- [Page 21]\nPart 1 – Overview\nprograms deliver value for money by improving the volume, quality, and impact of\nevaluations across the Australian Public Service in collaboration with evaluation units in 1\nother departments and agencies .\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n- [Page 109]\nPart 3 – Management and accountability\nTable 11: Australian Public Service Act ongoing employees current report\nperiod (2023–24)\nMale Female Uses other term Total\n3\nOur people 93\nemit‑lluF emit‑traP elaM\nlatoT\nemit‑lluF emit‑traP\nlatoT\nelameF\nemit‑lluF emit‑traP sesU\nlatoT\nmret\nrehto\nSES 3 2 0 2 4 0 4 0 0 0 6\nSES 2 11 0 11 13 0 13 0 0 0 24\nSES 1 46 3 49 40 2 42 0 0 0 91\nEL 2 119 9 128 139 27 166 0 0 0 294\nEL 1 249 19 268 229 39 268 0 0 0 536\nAPS 6 158 4 162 175 25 200 0 0 0 362\nAPS 5 74 3 77 89 12 101 0 0 0 178\nAPS 4 13 1 14 12 2 14 0 0 0 28\nAPS 3 33 0 33 23 3 26 0 0 0 59\nAPS 2 0 0 0 0 0 0 0 0 0 0\nAPS 1 1 0 1 2 0 2 0 0 0 3\nOther 0 0 0 0 0 0 0 0 0 0\nTotal 706 39 745 726 110 836 0 0 0 1,581\n  Source: `annual-reports/2023-24.pdf (https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf)`\n\n## Global Ideas and Case Study Inputs\n\nGlobal source texts are available for later idea synthesis:\n- `global-intelligence/source-text/association-worldbank.org-governance.txt`\n- `global-intelligence/source-text/association-worldbank.org-public-financial-management.txt`\n- `global-intelligence/source-text/consulting-deloitte.com-government-public.txt`\n- `global-intelligence/source-text/university-ash.harvard.edu-Harvard-Kennedy-School-Ash-Center.txt`\n\n## Source Artifacts Used\n\n- `corporate-plans/2017-18.pdf` - corporate-plans - https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf\n- `annual-reports/2024-25.pdf` - annual-reports - https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf\n- `annual-reports/2023-24.pdf` - annual-reports - https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf\n- `reviews/p2026-766052-final-report-EDC-review.pdf` - reviews - https://treasury.gov.au/sites/default/files/2026-05/p2026-766052-final-report-EDC-review.pdf\n- `pages/about.html` - pages - https://treasury.gov.au/the-department/about-treasury\n- `pages/announcements-index.html` - pages - https://treasury.gov.au/speech/opening-statement-economics-legislation-committee-feb-26\n- `pages/annual-reports-index.html` - pages - https://treasury.gov.au/the-department/corporate-publications/annual-report/\n- `pages/annual-reports-index__00.html` - pages - https://treasury.gov.au/node/14286\n- `pages/annual-reports-index__01.html` - pages - https://treasury.gov.au/node/12391\n- `pages/annual-reports-index__02.html` - pages - https://treasury.gov.au/node/10756\n- `pages/annual-reports-index__03.html` - pages - https://treasury.gov.au/node/9166\n- `pages/annual-reports-index__04.html` - pages - https://treasury.gov.au/node/7981\n- `pages/annual-reports-index__05.html` - pages - https://treasury.gov.au/node/6726\n- `pages/annual-reports-index__06.html` - pages - https://treasury.gov.au/node/4781\n- `pages/annual-reports-index__07.html` - pages - https://treasury.gov.au/node/3346\n- `pages/annual-reports-index__08.html` - pages - https://treasury.gov.au/node/3291\n- `pages/annual-reports-index__09.html` - pages - https://treasury.gov.au/node/3249\n- `pages/annual-reports-index__10.html` - pages - https://treasury.gov.au/node/3129\n- `pages/annual-reports-index__11.html` - pages - https://treasury.gov.au/node/2950\n- `pages/annual-reports-index__12.html` - pages - https://treasury.gov.au/node/2787\n- `pages/annual-reports-index__13.html` - pages - https://treasury.gov.au/node/2597\n- `pages/annual-reports-index__14.html` - pages - https://treasury.gov.au/node/2235\n- `pages/annual-reports-index__15.html` - pages - https://treasury.gov.au/node/2016\n- `pages/annual-reports-index__16.html` - pages - https://treasury.gov.au/publication/treasury-annual-report-2008-2009\n- `pages/annual-reports-index__17.html` - pages - https://treasury.gov.au/node/1964\n- `pages/annual-reports-index__18.html` - pages - https://treasury.gov.au/node/1955\n- `pages/annual-reports-index__19.html` - pages - https://treasury.gov.au/publication/treasury-annual-report-2005-2006\n- `pages/annual-reports-index__20.html` - pages - https://treasury.gov.au/publication/treasury-annual-report-2004-2005\n- `pages/annual-reports-index__21.html` - pages - https://treasury.gov.au/publication/treasury-annual-report-2003-2004\n- `pages/annual-reports-index__22.html` - pages - https://treasury.gov.au/publication/treasury-annual-report-2002-2003\n- `pages/annual-reports-index__23.html` - pages - https://treasury.gov.au/publication/treasury-annual-report-2001-2002\n- `pages/annual-reports-index__24.html` - pages - https://treasury.gov.au/publication/treasury-annual-report-2000-2001\n- `pages/annual-reports-index__25.html` - pages - https://treasury.gov.au/publication/treasury-annual-report-1999-2000\n- `pages/contact.html` - pages - https://treasury.gov.au/the-department/contact-us\n- `pages/corporate-plans-index.html` - pages - https://treasury.gov.au/publication/corporate-plan-2017-18/\n- `pages/corporate-plans-index__26.html` - pages - https://treasury.gov.au/publication/corporate-plan-2017-18\n- `pages/corporate-plans-index__27.html` - pages - https://treasury.gov.au/publication/corporate-plan-2017-18/\n- `pages/corporate-plans-index__28.html` - pages - https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf\n- `pages/corporate-plans-index__29.html` - pages - https://treasury.gov.au/publication/corporate-plan-2017-18/promoting-fiscal-sustainability\n- `pages/homepage.html` - pages - https://treasury.gov.au/\n- `pages/inquiries-index.html` - pages - https://treasury.gov.au/review\n- `pages/ministers.html` - pages - https://treasury.gov.au/the-department/about-treasury/our-ministers\n- `pages/publications-index.html` - pages - https://treasury.gov.au/publication\n- `pages/reviews-index.html` - pages - https://treasury.gov.au/publication/p2026-766052\n- `global-intelligence/source-text/association-worldbank.org-governance.txt` - global-intelligence - local file\n- `global-intelligence/source-text/association-worldbank.org-public-financial-management.txt` - global-intelligence - local file\n- `global-intelligence/source-text/consulting-deloitte.com-government-public.txt` - global-intelligence - local file\n- `global-intelligence/source-text/university-ash.harvard.edu-Harvard-Kennedy-School-Ash-Center.txt` - global-intelligence - local file\n- `other-pdfs/p2023-454036-tsy-ar-2022-23-part1.pdf` - other-pdfs - https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23-part1.pdf\n- `other-pdfs/p2023-454036-tsy-ar-2022-23-part2.pdf` - other-pdfs - https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23-part2.pdf\n- `other-pdfs/p2023-454036-tsy-ar-2022-23-part3.pdf` - other-pdfs - https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23-part3.pdf\n- `other-pdfs/p2023-454036-tsy-ar-2022-23-part4.pdf` - other-pdfs - https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23-part4.pdf\n- `other-pdfs/p2023-454036-tsy-ar-2022-23-prelims.pdf` - other-pdfs - https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23-prelims.pdf\n\n## Gaps To Fix\n\n- No major source gaps detected by the deterministic checks.",
  "legislation_md": "# Department of the Treasury — Legislation Administered\n\n**Generated**: 2026-05-13T02:55:26+00:00\n**Source**: LLM extraction (nova-micro) from latest annual report and corporate plan\n**Tokens**: 30,767 in / 1,118 out  ·  cost: $0.00123\n\n> Acts and instruments this entity administers or has primary responsibility for.\n> Excludes generic gov-wide compliance Acts (PGPA, Public Service Act, FOI, Privacy, etc.).\n\n**Source documents fed to the model**:\n- Annual report: `annual-reports\\2024-25.txt`\n- Corporate plan: `corporate-plans\\2017-18.txt`\n\n## 10 laws administered\n\n| Title | Year | Type | What this entity does under it |\n|---|---|---|---|\n| [Charter of Budget Honesty Act 1998](https://www.legislation.gov.au/search?query=Charter%20of%20Budget%20Honesty%20Act%201998) | 1998 | Act | The Treasury assists ministers to discharge their responsibilities under the Charter. |\n| [Future Made in Australia Act 2024](https://www.legislation.gov.au/search?query=Future%20Made%20in%20Australia%20Act%202024) | 2024 | Act | The Treasury leads development and implementation of the Future Made in Australia agenda. |\n| [Taxation (Multinational—Global and Domestic Minimum Tax) Act 2024](https://www.legislation.gov.au/search?query=Taxation%20%28Multinational%E2%80%94Global%20and%20Domestic%20Minimum%20Tax%29%20Act%202024) | 2024 | Act | The Treasury provides advice and implements global and domestic minimum tax rules. |\n| [Taxation (Multinational—Global and Domestic Minimum Tax) Imposition Act 2024](https://www.legislation.gov.au/search?query=Taxation%20%28Multinational%E2%80%94Global%20and%20Domestic%20Minimum%20Tax%29%20Imposition%20Act%202024) | 2024 | Act | The Treasury implements the tax imposition related to global and domestic minimum tax rules. |\n| [Payment Times Reporting Act 2020](https://www.legislation.gov.au/search?query=Payment%20Times%20Reporting%20Act%202020) | 2020 | Act | The Treasury administers and reforms the Payment Times Reporting Scheme. |\n| [Foreign Investment Review Act 1975](https://www.legislation.gov.au/search?query=Foreign%20Investment%20Review%20Act%201975) | 1975 | Act | The Treasury administers Australia’s foreign investment framework. |\n| [Competition and Consumer Act 2010](https://www.legislation.gov.au/search?query=Competition%20and%20Consumer%20Act%202010) | 2010 | Act | The Treasury advises on competition and consumer policy. |\n| [Productivity Commission Act 1998](https://www.legislation.gov.au/search?query=Productivity%20Commission%20Act%201998) | 1998 | Act | The Treasury supports the Productivity Commission’s work. |\n| [Intergovernmental Agreement on Federal Financial Relations](https://www.legislation.gov.au/search?query=Intergovernmental%20Agreement%20on%20Federal%20Financial%20Relations) | Not specified | Agreement | The Treasury manages financial relations between Commonwealth, state, and territory governments. |\n| [National Housing and Homelessness Agreement](https://www.legislation.gov.au/search?query=National%20Housing%20and%20Homelessness%20Agreement) | Not specified | Agreement | The Treasury negotiates housing and homelessness agreements with state and territory governments. |",
  "global_initiatives_md": "# Department of the Treasury — Global Initiatives Catalogue\n\n## Focus areas\n- Economic policy and analysis\n- Tax policy and reform\n- Foreign investment assessment\n- Climate-related financial disclosure\n- Green hydrogen and critical minerals incentives\n\n## Economic policy and analysis\n\n### OECD Economic Outlook\n**Jurisdiction**: OECD\n**Run by**: Organisation for Economic Co-operation and Development\n**Year**: 1961\n**Status**: Active\n**What it does (2–3 sentences)**: The OECD Economic Outlook provides in-depth analysis and projections for the global economy, focusing on economic growth, inflation, and employment trends.\n**Why it matters to Australia (1–2 sentences)**: It offers valuable insights into global economic trends that can inform Australia's economic policy and strategy.\n**Find more**: [OECD Economic Outlook](https://www.google.com/search?q=OECD+Economic+Outlook)\n\n### UK Fiscal Policy Review\n**Jurisdiction**: UK\n**Run by**: Office for Budget Responsibility\n**Year**: 1997\n**Status**: Active\n**What it does (2–3 sentences)**: The UK Fiscal Policy Review provides comprehensive analysis of the UK's fiscal policy, including government spending, taxation, and economic forecasts.\n**Why it matters to Australia (1–2 sentences)**: It offers a model for detailed fiscal policy analysis that Australia could adopt to enhance its economic policy framework.\n**Find more**: [UK Fiscal Policy Review](https://www.google.com/search?q=UK+Fiscal+Policy+Review)\n\n### Federal Reserve Economic Projections\n**Jurisdiction**: USA\n**Run by**: Federal Reserve\n**Year**: 1970\n**Status**: Active\n**What it does (2–3 sentences)**: The Federal Reserve Economic Projections provide forecasts and economic analysis from Federal Reserve Board members, influencing monetary policy decisions.\n**Why it matters to Australia (1–2 sentences)**: It offers a benchmark for understanding how central banks influence economic policy and can provide insights into Australia's monetary policy framework.\n**Find more**: [Federal Reserve Economic Projections](https://www.google.com/search?q=Federal+Reserve+Economic+Projections)\n\n## Tax policy and reform\n\n### Carbon Tax Implementation in Sweden\n**Jurisdiction**: Sweden\n**Run by**: Swedish Government\n**Year**: 1991\n**Status**: Active\n**What it does (2–3 sentences)**: Sweden implemented a carbon tax in 1991 to reduce greenhouse gas emissions and promote sustainable economic growth, generating revenue for environmental initiatives.\n**Why it matters to Australia (1–2 sentences)**: It provides a successful model for carbon taxation that Australia could consider to meet its climate goals.\n**Find more**: [Sweden Carbon Tax](https://www.google.com/search?q=Sweden+Carbon+Tax)\n\n### Canada's Climate Action Incentive\n**Jurisdiction**: Canada\n**Run by**: Government of Canada\n**Year**: 2015\n**Status**: Active\n**What it does (2–3 sentences)**: Canada introduced the Climate Action Incentive to provide financial support to households affected by carbon pricing, balancing economic and environmental goals.\n**Why it matters to Australia (1–2 sentences)**: It offers a balanced approach to carbon pricing that could be adapted to Australia's tax reform initiatives.\n**Find more**: [Canada Climate Action Incentive](https://www.google.com/search?q=Canada+Climate+Action+Incentive)\n\n## Foreign investment assessment\n\n### US Foreign Investment Review Modernization Act (FIRRMA)\n**Jurisdiction**: USA\n**Run by**: Committee on Foreign Investment in the United States (CFIUS)\n**Year**: 2018\n**Status**: Active\n**What it does (2–3 sentences)**: FIRRMA enhances the US government's ability to review and block foreign investments that threaten national security, streamlining the process and increasing scrutiny.\n**Why it matters to Australia (1–2 sentences)**: It provides a model for modernizing foreign investment review processes to balance economic growth with national security.\n**Find more**: [FIRRMA](https://www.google.com/search?q=FIRRMA)\n\n### New Zealand's Overseas Investment Reforms\n**Jurisdiction**: New Zealand\n**Run by**: New Zealand Government\n**Year**: 2018\n**Status**: Active\n**What it does (2–3 sentences)**: New Zealand reformed its foreign investment regime to enhance transparency and address national security concerns, aligning with global best practices.\n**Why it matters to Australia (1–2 sentences)**: It offers a contemporary model for foreign investment assessment that Australia could adopt to improve its regulatory framework.\n**Find more**: [NZ Overseas Investment Reforms](https://www.google.com/search?q=NZ+Overseas+Investment+Reforms)\n\n## Climate-related financial disclosure\n\n### EU Taxonomy for Sustainable Activities\n**Jurisdiction**: EU\n**Run by**: European Commission\n**Year**: 2020\n**Status**: Active\n**What it does (2–3 sentences)**: The EU Taxonomy classifies economic activities as environmentally sustainable, providing a framework for sustainable financial disclosures and investments.\n**Why it matters to Australia (1–2 sentences)**: It offers a comprehensive framework for climate-related financial disclosure that Australia could adopt to align with global sustainability standards.\n**Find more**: [EU Taxonomy](https://www.google.com/search?q=EU+Taxonomy)\n\n### Canada's Climate Risk Disclosure Regulations\n**Jurisdiction**: Canada\n**Run by**: Government of Canada\n**Year**: 2016\n**Status**: Active\n**What it does (2–3 sentences)**: Canada mandates climate risk disclosure for public and private entities, integrating climate considerations into financial reporting.\n**Why it matters to Australia (1–2 sentences)**: It provides a model for mandatory climate-related financial disclosures that Australia could implement to enhance transparency and accountability.\n**Find more**: [Canada Climate Risk Disclosure](https://www.google.com/search?q=Canada+Climate+Risk+Disclosure)\n\n## Green hydrogen and critical minerals incentives\n\n### Germany's Hydrogen Strategy\n**Jurisdiction**: Germany\n**Run by**: German Federal Ministry for Economic Affairs and Energy\n**Year**: 2020\n**Status**: Active\n**What it does (2–3 sentences)**: Germany's Hydrogen Strategy promotes the development of green hydrogen technologies, offering financial incentives and research support.\n**Why it matters to Australia (1–2 sentences)**: It provides a roadmap for developing green hydrogen, which Australia could follow to boost its green energy sector.\n**Find more**: [Germany Hydrogen Strategy](https://www.google.com/search?q=Germany+Hydrogen+Strategy)\n\n### Australia's Critical Minerals Research and Development Program\n**Jurisdiction**: Australia\n**Run by**: Department of Industry, Science, Energy and Resources\n**Year**: 2021\n**Status**: Active\n**What it does (2–3 sentences)**: Australia's program supports research and development in critical minerals, offering incentives to enhance domestic production and reduce reliance on imports.\n**Why it matters to Australia (1–2 sentences)**: It serves as a model for Australia's own initiatives to develop critical minerals, ensuring self-sufficiency and economic growth.\n**Find more**: [Australia Critical Minerals Program](https://www.google.com/search?q=Australia+Critical+Minerals+Program)\n\n*Note: These are LLM-knowledge claims, not scraped sources — verify before citing publicly.*",
  "strategy": {
    "reporting_period": "2024-25",
    "corporate_plan_period": "2025-26",
    "vision": null,
    "vision_source_page": null,
    "purposes": "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]",
    "purposes_source_page": 3,
    "how_we_deliver": "Treasury anticipates and analyses policy issues, taking a whole-of-economy perspective, understands government and stakeholder circumstances, and responds rapidly to changing events and directions. Treasury works with state and territory governments on key policy areas, as well as managing federal financial relations. [CP p.8]",
    "how_we_deliver_source_page": 8,
    "government_priorities": [
      {
        "text": "supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth",
        "source_page": 16
      }
    ],
    "outcomes": [
      {
        "name": "Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth",
        "description": "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"
        ],
        "source_page": 16
      }
    ],
    "values": [
      "integrity maturity",
      "risk management"
    ],
    "values_framework_name": null,
    "kpi_targets_2025_26": [
      {
        "code": "APS Net Zero 2030",
        "measure": "Treasury’s progress towards the APS Net Zero 2030 target",
        "target": "target not specified",
        "source_page": 226
      },
      {
        "code": "Article IV consultation",
        "measure": "Article IV consultation",
        "target": "target not specified",
        "source_page": 229
      },
      {
        "code": "Special Drawing Right",
        "measure": "Special Drawing Right",
        "target": "target not specified",
        "source_page": 230
      },
      {
        "code": "International Monetary Fund",
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