| Treasurer of Victoria | |
|---|---|
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| Department of Treasury and Finance | |
| Style | The Honourable |
| Member of |
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| Reports to | Premier of Victoria |
| Seat | Level 4, 1 Treasury Place, Melbourne |
| Nominator | Premier of Victoria |
| Appointer | Governor of Victoria on the advice of the premier |
| Term length | At the governor's pleasure |
| Formation | 15 July 1851 |
| First holder | Alastair Mackenzie |
The Treasurer of Victoria is the title held by the Cabinet Minister who is responsible for the financial management of the budget sector in the Australian state of Victoria. This primarily includes:[1]
- preparation and delivery of the annual State Budget;
- revenue collection for Victoria, including stamp duty, payroll tax, financial institutions duty and land tax;
- borrowing, investment and financial arrangements to hedge, protect or manage the State's financial interests;
- promoting economic growth across Victoria; and
- providing investment and fund management services to the State and its statutory authorities.
By convention, the state treasurer is a member of the Legislative Assembly, the lower house of the Parliament of Victoria, as with the premier. This allows the treasurer to be present during debate on the budget and other financial legislation and is in line with the constitutional requirement that money bills originate from the lower house. However, in 2007 John Lenders was appointed treasurer from the Legislative Council, the first time the treasurer had been appointed from the upper house. As a result Lenders had to be "formally voted into the lower house to deliver his budget speech".[2]
On 19 December 2024, Jaclyn Symes was appointed treasurer of Victoria after Tim Pallas, the longest serving standalone treasurer in Victorian history,[3][4] retired from politics, with Symes becoming the first female treasurer in Victoria's history, and the second treasurer to sit in the Legislative Council.[5]
- ^ Department of Treasury and Finance: Treasurer Archived 19 July 2008 at the Wayback Machine
- ^ Gordon, Josh (3 August 2007). "Lenders to watch over big spenders". The Age. Retrieved 18 December 2024.
- ^ "Victoria's longest-serving treasurer resigns". Government News. Retrieved 18 January 2025.
- ^ Rooney, Kieran; Smethurst, Annika; Jaeger, Carla. "'A bit of tension': Treasurer quits parliament after 18 years as state bogged down in debt". The Age. Retrieved 18 January 2025.
- ^ Rooney, Rachel Eddie, Kieran (19 December 2024). "Women win in Allan's cabinet reshuffle, as Pearson suffers a blow". The Age. Retrieved 19 December 2024.
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